Our law firm succesfully advised Talsat Multimedia Development Ltd in reaching a cooperation Agreement with Iris Gateway Satellite Services Limited of Cyta
Y.Georgiades & Associates LLC successfully advised Talsat Multimedia Development Ltd who recently reached a cooperation agreement with Iris Gateway Satellite Services Limited a subsidiary of Cyta. Mr Yiannos Georgiades stated that this cooperation is of utmost importance for Cyprus. It is an investment that comes from entrepreneurs with technical know-how and experience in this field from Jordan and Qatar and contributes to the improvement of the international satellite connections. A special ceremony was held to celebrate the signing of the agreement at Hilton, Nicosia in the presence of the President of CYTA Michael Ioannides, the President of the Cyprus Radio and Television Authority Rona Petri, the Telecommunications Commissioner George Michaelides, the Ambassador of Jordan in Cyprus and the first secretary of the Embassy of Qatar in Cyprus.
The President of the Telecommunications Authority, Michael Ioannidis, and the President of Talsat, Abdulaziz M. Al Delaimi from Qatar, spoke at the event, and emphasized the importance of this cooperation in relation to the establishment of Cyprus as a telecommunications hub for international interconnection and service provision in Eastern Mediterranean, which in fact opens the doors for more collaborations and investments from such neighboring countries in this sector but also in other sectors such as for example in the provision of services in the oil and natural gas sector.
The founder and director of Talsat, Marwan M. Al-Tal, was for many years the vice president of the well-known international prestigious satellite company Eutelsat with many years of experience in this field and knows the Cyprus Telecommunications Authority very well. He believes that the Cyprus Telecommunications Authority is a very serious company with an excellent infrastructure and he is very proud to work with such a company. He considers Cyprus as a very ideal destination for investments in the field of telecommunications, innovation and technology.