Hong Kong-based PCCW became the third company to show its interest in buying the Cypriot telecommunications group’s Greek subsidiary, Cyta Hellas, according to Greek paper Ekathimerini.com. Vodafone Greece and Wind Hellas already said they are interested in acquiring the company. The Chinese firm has already been cooperating with Cyta in Cyprus, mainly in the supply of capacity in international cable systems. Entering retailing in Greece through Cyta Hellas would be a first for the Chinese company internationally.
Cyprus operator Cyta has called in mid-September for interested bidders in its Greek unit Cyta Hellas. Non-binding expressions of interest can be filed until 27 September.
