Tamás Bányai, CEO of telecommunications enterprise Epic, took to social media to reveal that the company will be receiving €20 million in support from the European Investment Bank (EIB).
Mr Bányai said that the sum is set to aid “the rollout of Epic’s new mobile network” as well as “the expansion of [the company’s] innovative fibre broadband network.”
“We are leading the way by rolling out the best digital infrastructure technologies to provide the best service to customers in Malta,” the CEO added.
In a separate social media post, Economy Minister Silvio Schembri celebrated this as a way to “accelerate the company’s mobile network modernisation programme.”
Mr Bányai has spearheaded Epic since its November 2020 rebrand. Before that, the company was known as Vodafone Malta. The re-brand was spurred by Monaco Telecom’s takeover of Vodafone Malta in a deal worth €250 million.
Prior to joining Vodafone Malta, the Epic CEO held several senior positions at Vodafone Hungary.
Featured Image:
Tamás Bányai / LinkedIn
Agora Estates welcomes Calvin Bartolo as new Non-Executive Director
This appointment follows the decision of Isabella Vella to step down from her role as Non-Executive Director.
Why Malta’s C-suite should close the year by reflecting with staff
Research shows its largely beneficial for a number of reasons
‘The goal is to position Malta as a key operational hub’: New AKJ FMG CEO
Speaking to MaltaCEOs.mt, Paul Magro outlines the company's strategic vision.
Inequality is a political choice: World’s top economists issue stark warning in World Inequality Report
Jayati Ghosh and Joseph E. Stiglitz say that the 2026 edition arrives 'at a critical time.'
