Primetel goes into administration

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galexinda
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Joined: Wed Dec 28, 2016 9:47 am
Location: Paphos

Primetel goes into administration

Post by galexinda »

'Telecommunication company Primetel has announced that Signal Capital Partners, a London-based private equity fund, is set to acquire the Cypriot firm after it was placed under administration'.

'As reported by Kathimerini Cyprus Edition, this may not mean the end of the company, as the appointed administrator Marios Kallias told the outlet.
Kallias said: “Nothing changes, not only for the TV rights but all services the company provides.
He said company staff would remain in place, the services offered remain as they are, and its contracts are not affected by being in administration'.

https://www.financialmirror.com/2023/07 ... istration/
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