By Carlo Martuscelli 
 

Vodafone Group PLC (VOD.LN) said Wednesday that its Vodafone Greece subsidiary has acquired CYTA Telecommunications Hellas SA for 118 million euros ($138.5 million).

The telecommunications major said the acquisition will help its Greek subsidiary expand its fixed network and increase its customer base.

The acquired company has around 300,000 fixed broadband customers, equal to about an 8% share of the market, and around 40,000 mobile customers, Vodafone said.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

July 11, 2018 04:44 ET (08:44 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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