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
Glitnor Group NED David Flynn completes month-long cycling journey from Sweden to Malta
At the time of writing, his journey has led to £24,849 (€28,665) being raised for mental health charities.
‘Failure is not the end, but rather a stepping stone towards success’ – Hudson Chairman Alfie Borg
He remarks that people tend to mistakenly view failure as a ‘setback’ or ‘disappointment’.
Are university degrees still must-haves for corporate jobs? Walmart doesn’t think so
University degrees still offer a route into industry, but nowadays, there are different ways of getting a dream job.
‘The yachting community in Malta is at a pivotal moment’ – MaritimeMT CEO
Pauline Micallef was speaking after Yachting Malta took part in the Cannes Yachting Festival.
