MTN Cyprus renews APOEL sponsorship for of 1.6 mln euros.

Two top teams continue with their joint successful course they began in 2007: MTN and APOEL announced the continuation of their cooperation for the next three years, at a press conference held today at the GSP Stadium boardroom.

According to the agreement, MTN continues to be the official sponsor of the APOEL jersey for the Cypriot championship until 2015, for an amount of 1.6 million euro.

Present at the press conference were the MTN President, Mr. Nicos K. Shacolas, the company's CEO, Mr. Pieter Verkade, and the CFO Mr. Haris Georkakis. From APOEL's side, present were the team President Mr. Fivos Erotocritou, the team coach Mr. Ivan Jovanovic and the Marketing Manager Mr. Fivos Papadopoulos.

In his statement, MTN President, Mr. Nicos K. Shacolas, referred to his personal relationship with APOEL, saying that "I am very pleased with today's signing of the agreement and the fact that the cooperation and support of MTN Cyprus Ltd to APOEL will continue for another three years. This collaboration began in 2007. Personally, I feel very happy because I am a big fan and also a shareholder of APOEL for many years. MTN Cyprus Ltd, an upcoming telecoms company is always on APOEL's side and, at the same time, a great friend of the Cypriot football".

During the conference, MTN's CEO, Mr. Verkade stated that "The APOEL sponsorship renewal is another milestone on our path for leadership and excellence. Our sponsorship in APOEL, not only sets new high standards for the Cypriot football, but it also reflects our seriousness and determination to continue our penetration in the Cypriot market. The Cypriot telecoms landscape is changing forever and we are proud to be at the epicenter of this change".

APOEL's President, Mr. Erotocritou, pointed out that "The continuation of our partnership with MTN is a significant development which we warmly welcome. MTN, as a staunch sponsor of APOEL team, was standing right next to us during the recent years, the good and bad moments. They support us and we return the help, to the extent that we can. We are now two good partners with a past, a present and a future. As president of APOEL I would like to assure you that we will honour this partnership with all our strength and work for a strong APOEL for the year to come".

APOEL's Vice President, Mr. George Georgiou, in a statement regarding the sponsorship renewal mentioned "It is with great pleasure that we renew our partnership with MTN, a collaboration which we have embraced from the beginning and continue to embrace. Our close, enduring links are not only limited to the financial part but more extended. We thank MTN for its continued support and we are looking forward to many more years of cooperation".

The renewal of APOEL sponsorship is part of the MTN strategy for solid, long-term partnerships that produce value, enhancing the company's presence and strengthening its relationship with consumers.

As part of the deal, MTN is planning to offer more to the APOEL fans. MTN is building a new telecoms product that will allow, among other things, the fans to enjoy exclusive benefits and have access to news and statistics of their favourite team, wherever they are. Furthermore, it reserves the right to first option on European matches.

MTN always offers more and proved it once more to APOEL and Cypriot football fans.

MTN is one of the largest telecommunications providers in Cyprus, offering integrated mobile, fixed and broadband services. MTN has the biggest fully-owned retail network amongst telecommunications companies in Cyprus, with 26 [eth][pounds sterling][eth]n[eth][yen] Stores.

MTN is a member of the MTN Group, a multinational telecommunications group, operating in 24 countries in Europe, Africa and Asia and connecting 150 million customers.

MTN Cyprus is a major contributor to the economic and social developments in the country, both through its 400 employees, and also as a responsible corporate citizen in the fields of sport, education, health and culture. MTN is a proud sponsor of the APOEL football team.

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