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
What should CEOs pay attention to in Malta’s upcoming budget?
For business leaders, the 2025 Budget will likely present a range of challenges and opportunities.
Lidl commits itself to achieve net zero across all business units and supply chain by 2050
One of its targets is to reduce greenhouse gas emissions in agriculture, forestry and other land use by 42.4%.
‘The time was right to invest in this location’: BOV CEO Kenneth Farrugia celebrates revitalised Republic Street branch
After nine months of renovation work, the Valletta branch is once again open to the public.
Alex Thomson Mizzi named Chief of Operations at Wicked Games
He has years of business experience behind him, having founded different companies and worked in consultancy.
