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 SUBSIDIARY
COMPANIES
Digimed
Communications Ltd
The mission of CYTA's subsidiary company, Digimed Communications Ltd, is to
support the Organisation’s strategic goals and exploit growth opportunities in
Cyprus and elsewhere. This is achieved through the provision of value-added
services and integrated solutions to the local market and abroad through its
subsidiaries.
For Digimed Communications Ltd, 2006 was a year of development, growth and
expansion, with subsidiaries operating in Cyprus, Greece, the UK and Hungary,
offering a wide range of services in sectors related to telecommunications,
technology and the Internet.
 Of
particular importance to the company's foreign expansion efforts is the project
secured by CYTA/Digimed for developing broadband infrastructure in various parts
of Greece, with a total population of approximately 946.000. The project is
co-financed by the 3rd Community Support Framework and the Greek government and
managed by Information Society SA. The success of the project is crucial as the Organisation considers that its long, successful experience and its technical
know-how in the Cyprus market will enable it to become a major player in the
Greek telecommunications market. CYTA/Digimed proceeded with the establishment
of CYTA Hellas SA (the subsidiary previously operating as CYTA Hellas was
renamed CytaGlobal Hellas), which was contracted to Information Society SA for
the implementation of the project.
Actel Ltd
Actel Communications Ltd, in which CYTA has
a majority shareholding, has developed the necessary infrastructure and has now
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, softswitch
technology and will have a digital content delivery platform in the very near
future. Actel is seeking to forge partnerships with other communications firms
in Hungary with which it will provide jointly and efficiently a complete
portfolio of 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 business and
home customers alike.
By establishing Actel,
CYTA has taken another step towards accomplishing its goal of expanding
operations abroad and has laid the foundations for extending into Central Europe
its established international network which connects Cyprus with Greece and the
UK.
BesTel Communications Ltd
BesTel Communications Ltd was established in May
2001 as BesTelComms and was activated in September of the same year. The company
is a joint venture between CYTA and ZTE Corporation, one of the largest
telecommunications equipment manufacturing corporations in China.
The company's mission is
to support the internationalisation efforts of ZTE, to provide integrated
telecommunications solutions and to participate in potential investments in
telecommunications projects.
CYTA Hellas
SA
Under the Greek government’s strategy to increase
the penetration of broadband infrastructure and services in provincial areas,
Information Society SA - which belongs to the Ministry of Communications and
Transport - competitively selected investors for seven regions of Greece in
order to subsidise their capital and operational expenses for the above purpose
by 50%. The total subsidised budget is €210m and includes €160m for the
deployment of broadband infrastructure and another €50m for increasing the
demand for such services.
CYTA, together with its
subsidiary Digimed Communications Ltd, submitted a bid for the above tender
requesting a subsidy for two of the seven regions and was selected to invest in
region 5, which includes Grevena, Pella, Kastoria, Kozani, Florina, Heraklion,
Lassithi, Imathia and the municipalities of Salamina, Aegina, Agkistri, Poros and
Ampelakia, which have a total population of 946.419.
This investment activity
fulfils CYTA’s strategic objective of expanding its operations abroad and
creates the necessary platform for a gradual expansion into other regions of
Greece.
The subsidised budget
for the development of broadband infrastructure and services in region 5 amounts
to €27,7m, including the budget for pushing the initial demand for such
services. The maximum investment by the Greek government is €13,9m and comes
from the 3rd Community Support Framework, which is managed by Information
Society SA.
The project has been
assigned to CYTA Hellas SA, a subsidiary of CYTA and Digimed Communications,
which was established in order to deliver the project by October 2008.
The success of the
project is of great importance to CYTA as it marks what is hoped to be the
beginning of many similar business opportunities.
 CYTA
UK Ltd
In line with CYTA’s policy of expanding its
operations abroad, Digimed Communications Ltd established CYTA UK Ltd in the UK
in February 2000 as part of its strategy to build a strong presence in the
telecommunications markets of countries with significant Cypriot communities.
CYTA UK Ltd is managed by a 6-member Board, including CYTA
executives and Digimed Communications Ltd Board Members.
CYTA UK Ltd, in
association with CYTA and CytaGlobal Hellas SA, has developed a private
self-healing advanced-technology ring cable network, based on the IP/MPLS
protocol, with nodes in Lefkosia (Nicosia), Athens and London and with international
extensions beyond. This private network, promoted globally as CytaWorld.Net,
integrates voice, data and video into a single global broadband application with
a very competitive pricing structure, ensuring end-to-end global solutions.
 Since
November 2005, CYTA UK has provided fixed telephony services in the UK retail
market based on the carrier-pre-selection model which enables customers to
choose CYTA UK as their alternative carrier. Calls within the UK and beyond are routed via CYTA UK’s partner in the UK,
whilst calls to Cyprus and Greece are routed via the CytaWorld.Net platform.
CYTA UK retail products cater for the needs of customers exhibiting high traffic
profiles to Cyprus and/or Greece, in particular members of the Greek speaking
community in the UK.
Voice communication
products and services are integrated in customised telephony packages for calls
within the UK and to all international destinations. To this end, international
calls to Cyprus are offered at the same rate as local calls in the UK and,
depending on the package, these can even be completely free. Extending CYTA’s
strategy of providing high quality integrated solutions, CYTA UK has recently
upgraded its residential packages, maximising its competitive advantage with
inclusive free calls to Cyprus mobiles.
CYTA UK’s successful
operations continued in 2006 with the launch of cytabusiness packages tailored
specifically for the needs of the business sector. Currently, CYTA UK is in the
process of completing the final planning stage for the provision of broadband
services, offering comprehensive end-to-end solutions at competitive prices.
Furthermore, in
association with CYTA and CytaGlobal Hellas SA, CYTA UK can provide
comprehensive, end-to-end solutions, including ATM/Frame Relay connections and
network-based VPNs to business customers. Network-based VPNs, branded
commercially as CytaConnect, allow for point-to-point or point-to-multipoint
international connections for voice, video and data traffic across
geographically separated customer locations. Thanks to the strength of CYTA’s
network, CYTA UK can also put together wholesale solutions, integrating voice
and Internet communication. Moreover, in association with other partner
networks, CYTA UK can provide secure backbone fibre networks and local loop
access facilities.
 CytaCom
Solutions Ltd
006 was a year during which the Organisation’s
ability to provide high quality integrated telecommunications and IT solutions
via its subsidiary company CytaCom Solutions Ltd was confirmed.
The success of 2005
continued in 2006 with the implementation of important networking, telephony and
information technology projects. Galileo is one such distinguished project, via
which we supplied IT equipment and networked a great number of tourist agencies
on behalf of Galileo Hellas, a Greek company specialising in the electronic
distribution of travel services for the tourism and transport sector.
Maintaining our status
as a Cisco Premier Partner and acquiring Advanced Wireless LAN specialisation
were also important indicators of our know-how in the provision of integrated
solutions using Cisco equipment.
The ISO9001:2000
recertification of the company in 2006 was accompanied by a quality award from
Eco-Q magazine, again showing our dedication to providing the best possible
support to our customers.
 CytaGlobal
Hellas SA
In line with CYTA’s strategy to expand its
operations abroad, Digimed Communications Ltd established Hellas SA
in Greece in November 2003. CytaGlobal Hellas was initially incorporated under
the name CYTA Hellas SA and renamed CytaGlobal Hellas SA in 2007, assigning the
right of use of the brand name CYTA Hellas to Digimed. The company is managed
by a 7-member Board of Directors, including CYTA executives and Digimed
Communications Ltd Board Members.
CytaGlobal Hellas, in
association with CYTA and CYTA UK Ltd, has developed a private self-healing
advanced-technology ring cable network, based on the IP/MPLS protocol, with
nodes in Lefkosia (Nicosia), Athens and London and with international extensions beyond.
This private network, promoted globally as CytaWorld.Net, integrates voice, data
and video into a single global broadband application with a very competitive
pricing structure, ensuring end-to-end global solutions.
Focusing on quality,
CytaGlobal Hellas provides telecommunications products and services in
accordance with the regulations of the Hellenic Authority for Information and
Communication Security and Privacy (ADAE) and in compliance with the following
General Authorisations (licenses):
-
Data transmission
-
Internet service
provision
-
Leased lines provision
-
Bandwidth cCapacity leasing
-
Closed User groups
network operation
-
Telemetry-Telematic-Radio
location service provision
-
Voice provision via the
internet.
CytaGlobal Hellas is
committed to continuously upgrading its operations and focuses mainly on the
provision of products and services to corporate customers and other telecom
operators in the Greek market. In this respect and in association with CYTA and
CYTA UK Ltd, it has engaged in the provision of ATM/Frame Relay end-to-end
connections as well as network-based VPNs to business customers. Network-based
VPNs, branded commercially as CytaConnect, enable point-to-point or
point-to-multipoint international connections for voice, video and data traffic
across geographically separated customer locations. In association with CYTA and
other partners, CytaGlobal Hellas can also put together wholesale solutions,
integrating voice and Internet communication as well as providing secure
backbone fibre network and local loop access facilities.
Emporion Plaza LTD
The company was founded in August 2001 and
its mission is to offer quality and competitive end-to-end e-commerce solutions
as well as electronic web-based Internet solutions in a secure, timely and
professional manner so as to exceed its customers’ expectations and ensure their
satisfaction.
Digimed Communications
Ltd is the sole shareholder in the company, whose main products are e-commerce
and web-based Internet solutions.
The e-commerce solutions
involve the design, development and hosting of e-shops, consulting services
for the development and management of every e-shop's, catalogue and continued
technical, business support and training on the management of e-shops.
Web solutions include
end-to-end website design and development, including organisation, programming
and graphic design, the development of content management tools, website hosting
and the maintenance and upgrading of existing websites.
www.eplaza.com.cy now
hosts a total of 21 e-shops. In 2006, the platform was updated in order to
improve functionality and security. In addition, the mall was redesigned to
offer a more user-friendly and pleasant environment for shoppers. Some of
the new services introduced last year include electronic ticketing for concerts
in cooperation with Galaxias Productions Ltd and an e-card service for sending
online greeting cards, designed exclusively by Emporion Plaza Ltd.
One of the most
important projects in the company’s 2006 portfolio was the development of
intranet and extranet websites for the Cyprus Ports Authority, a project that is
due for completion during the first quarter of 2007. Another important project
was the upgrading and redesign of CYTA’s very popular Yellow Pages website.
lso, Emporion Plaza Ltd
is responsible for the development and maintenance of the website of an
important European programme, which started in 2006 and will be completed in
2007, "The Promotion of Gender Equality particularly in Local Development".
Additionally, during 2006 major maintenance and upgrade contracts for the
websites of Cytamobile-Vodafone, CYTA UK, CYTA Hellas and CytaGlobal were
successfully completed.
 Iris
Gateway Satellite Services Ltd
Iris Gateway Satellite Services Ltd provides
satellite turnaround of audio and video programmes between Europe, Asia and
America from the MAKARIOS Earth Satellite Station. Iris also offers services via CytaGlobal’s international fibre optic network to complement its satellite
service. These products provide integrated solutions to customers interested in
distributing their services to various locations internationally via a
combination of fibre and satellite.
During 2006, Iris
continued to expand its services with the provision of occasional television
transmissions of sports events on a growing scale. At the same time, the company
started to provide VSAT services to third parties in cooperation with CYTA. The
financial results of the company improved considerably during 2006 thanks to
growing revenues and increased profits.
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