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Next Cyta Call to the State for” Institutional Innovation “regarding the operation of HOME • INSIDER • CYPRUS • Cyta Call to the State for” Institutional Innovation “regarding …
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Decisions from the state that will allow Cyta to operate on an equal footing with its competitors in the international environment, asked the President of the Organization Michalis Ioannidis at an event held on Tuesday.
According to a press release, at the event Cyta shared with friends and associates, the successes of the year that mark the digital transition of the country and place it among the most technologically advanced countries in the world.
The President of Cyta , Michalis Ioannidis, stressed that “the Organization, with eyes open to the future and focused on its role, will support the digital transition of the place”.
“It's time to take action with the State and the decisions that allow Cyta to operate on an equal footing with its competitors in the international environment. If we want a public body that in the coming years will continue to support evolution and growth, we must innovate institutionally. “This is what we are asking the State to do: institutional innovation!” Said Cyta CEO Andreas Neokleous. but with the measurable value of its quality characteristics, reversing the downward trend of the past and continuing revenue and profitability growth.
“No longer first in Cyprus, but first in Europe. “Fiber optics and 5G everywhere, unlimited data for everyone, lower prices than ever before, along with Cyta's best customer experience and seal of trust,” he said. for Cyta customers expected before the end of the year. Specifically, the operation of the Apple Watch Cellular as a standalone device, exclusively with Cyta eSIM, from June 17.
In his greeting, the Minister of Finance, Konstantinos Petridis, acknowledging Cyta's contribution to the development of Cyprus, its economy and society, noted that Cyta is a modern organization with great prospects, with achievements and international distinctions, something that constantly proves , especially with the results of recent years.
“I am proud to be its political leader. Cyprus should be proud of the new Cyta. There can be no talk of a new era in communication without Cyta. The State recognizes the important role of the Organization and supports its modernization, development and adaptability and that is why it will stand by its leadership and strategic plans, supporting the & nbsp; evolution of the institutional & nbsp; institutional framework. “And it is no coincidence that we have withdrawn the bill for the privatization of Cyta”, he said. & nbsp; & nbsp;
Undersecretary of Research, Innovation and Digital Policy Kyriakos Kokkinos stated that Cyta is an integral part of our journey towards digital transformation.
“It is with great pleasure that we note the leaps that have been made in the last three years in the digital transformation, mainly thanks to our strategic ally which is Cyta. “The organization has managed to transform, not only in terms of a very solid bold and innovative business plan, but also in terms of its people who present entrepreneurship, innovation and courage,” he said.
He added that successful Cyta means a successful digital transformation, which for Cyprus translates into business innovation, competitiveness and social prosperity for the country.
According to the Agency's press release, at a time in the history of the Organization characterized by renewal, outstanding financial results and international success, Cyta announced that in 2021 it recorded its highest profitability in the last 13 years, with & nbsp; € 78cm net profit, an increase of 10.6% compared to 2020. The Organization invests an amount of € 100m per year in technological infrastructure for the place, & nbsp; returns to the State about half of its profitability, with a total dividend of about € 851m. for the last 20 years and is constantly upgrading the services it offers to the citizens.
Although 540 km away from its closest point of contact with Europe, through the infrastructure of Cyta, Cyprus currently has 13 overseas cable systems, the fastest mobile network in Europe and the largest 5G population coverage in the world, at a rate approaching 100%. , officials of the Public Service, Semi-Governmental Organizations and other government officials, as well as business clients, associates of the Organization and representatives of the media.
