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 SUBSIDIARY
COMPANIES
Digimed
Communications Ltd
The company’s
mission is to create the right conditions and functions so as to achieve CYTA’s
aim of expanding its operations in Cyprus and in other countries with large
Cypriot communities. This expansion includes the completion of the range of
products offered by CYTA and the provision of value-added services as well as
total and integrated solutions for the local market and abroad.
During 2005,
Digimed’s subsidiaries expanded their operations and services in the context of
achieving
the above targets and responding to increased
 competition.
It is worth noting
the establishment and commercial operation of Actel Ltd, in which CYTA owns the
majority shareholding, for the provision of mainly broadband services in
Hungary. Furthermore, during 2005 CYTA UK Ltd began providing national and
international telephony and Internet services in the United Kingdom, while its
subsidiary, Emporion Plaza Ltd, which is already offering web services to
business entities in Cyprus, launched its e-commerce site,
www.eplaza.com.cy
Actel
Ltd
Actel Communications Ltd, a majority shareholding of CYTA,
has developed the necessary infrastructure and has reached the commercial
operations stage as an alternative provider of mainly broadband communication
services in the Hungarian market.
In order for the company
to provide high quality total communication solutions to consumers, it operates
its own broadband network which consists of a DSL access network, a softswitch
and a digital content management platform. Actel is seeking to forge
partnerships with other communications entities in Hungary in order to
efficiently provide common services.
The company’s strategic
aim is to become established as one of the main telecommunications players in
the Hungarian market. To this end, Actel is developing the necessary
infrastructure and product portfolio in order to meet the needs of both business
and home customers.
By establishing Actel,
CYTA has moved another step towards accomplishing its goal of expanding its
operations abroad and, at the same time, has created the possibility of
extending its international network connecting Cyprus, Greece and the UK in
Central Europe.
BesTel
Communications Ltd
BesTel Communications Ltd was established and started
operations in 2001 using the trademark BesTelComms. The company is a joint
venture between CYTA and ZTE Corporation, one of the largest communications
equipment vendors of China.
BesTelComms’ purpose is
to support ZTE’s internationalisation effort and to provide total high quality
telecom solutions by combining the technological know-how of its Chinese
partners with CYTA’s tradition in serving customers. Furthermore BesTelComms
is seeking to invest in other telecom projects.
During 2005, the company
successfully promoted ZTE’s softswitch technology to the Hungarian company Actel
Communications.
 CytaCom
Solutions Ltd
In cooperation with the subsidiary company CytaCom Solutions
Ltd, our Organisation is now in a position to offer integrated
telecommunications and IT solutions, for data, voice and image applications.
2005 was a year of
challenges for CytaCom Solutions Ltd, since the company released all CYTA’s
staff after recruiting its own staff from the free market.
The successful delivery
of two projects, both unique in extent and complexity, was among last year’s
highlights. In the framework of the Zenon Managed Network Services project, one
of the biggest IT networks in Cyprus was designed and implemented and is now
being managed in collaboration with CYTA. This network serves more than 160
travel agents who belong to a Virtual Private Network and are interconnected
with the Sabre global distribution system used for travel reservations.
The other project of
great importance was the installation of the largest private fixed telephone
exchange on the island for the InterContinental Aphrodite Hills hotel and
resort. The system has a capacity for 90 telephone channels and more than 850
extensions. It should be noted that 30 external antennas were installed to cover
the requirements of personnel in the resort’s surrounding area.
The existing quality
management system ISO 9001:2000 reinforces the company’s commitment to quality
and to the continuous improvement of its services. Moreover, the CISCO Premier
Partner certification denotes the company’s specialisation and know-how in
networking solutions with state-of-the-art technology.
CYTA Hellas
S.A. and CYTA UK Ltd
As part of the expansion of CYTA’s operations abroad, its
wholly-owned subsidiary company Digimed Communications Ltd established CYTA UK
Ltd in the UK in 2001
 and
CYTA Hellas S.A. in Greece in 2003.
During 2005, CYTA UK and
CYTA Hellas continued to provide total end-to-end corporate solutions based on
the CytaWorld.Net IP/MPLS platform. CytaWorld.Net currently has nodes in
Lefkosia (Nicosia), Athens and London interconnected via a private self-healing optical fibre ring and with international extensions beyond. At the same time, efforts
intensified to provide retail telecommunications services in the Greek and UK
markets.
 For
CYTA UK, 2005 was a landmark since it launched its telecommunications services
in the UK retail market. These services are based on the Carrier Pre-Selection
(CPS) model, which allows customers to choose CYTA UK as their alternative
carrier. Calls within the UK and to international destinations beyond are routed
via CYTA UK’s partner in the UK, whilst calls to Cyprus and Greece are routed
via the CytaWorld.Net IP/MPLS platform.
Three competitive
packages for home customers were launched commercially under the cyta.talk
brand. These packages, which are differentiated according to usage patterns, are
particularly aimed at catering for the specific needs of the UK Greek-speaking
community. The competitive advantage of the cyta.talk packages enables CYTA UK
to offer international calls to Cyprus and Greece at the same rates as local UK
calls. Depending on the package, this can mean that they are completely free.
CYTA UK’s successful
operations continued with the launch of the cytabusiness and cytabusiness.plus
packages, tailored specifically for the needs of the business sector. CYTA UK is
currently at the final planning stages for the provision of broadband services,
including fast Internet and Video on Demand.
CYTA UK’s successful
launching 2005 helped to reinforce CYTA’s corporate strengths which
include global communications know-how and a commitment to creating value for
our people, our partners and our customers wherever they may be, in Cyprus or
beyond.
 Emporion
Plaza Ltd
Ç Emporion Plaza Ltd, the main products of which are
e-commerce services and web design solutions, continued and expanded its
operations in 2005.
The e-commerce service
was launched commercially during the year. Consumers can now purchase products
online from www.eplaza.com.cy, pay with their credit card and have the products
delivered to their homes.
The Emporion Plaza
e-commerce service offers businesses the design, development and hosting of
e-shops at www.eplaza.com.cy, consultancy services for the transition to the
e-commerce environment and training on the administration panel of the e-shop.
In addition, Emporion
Plaza Ltd continued to provide web design solutions, including graphic design,
programming, the development of website content management tools and web hosting.
Iris
Gateway Satellite Services Ltd
 Iris
Gateway Satellite Services Ltd provides satellite turnaround of audio and video
programmes between Europe and Asia via the Makarios Satellite Earth Station.
Iris also provides
services through the international fibre network of CytaGlobal (CYTA’s
International Commercial Services) to complement its satellite offering. These
products provide integrated solutions for customers interested in distributing
their services at various locations internationally using a combination of fibre
and satellite means.
In 2005 the company
attracted additional television channels to its DVB platform on AsiaSat 2 and
increased its revenues substantially from the provision of sports events on an
occasional basis. Iris focuses on meeting the expectations of its customer base
and has managed to renew major contracts in spite of increased competition in
the international market.
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