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Farewell, Skype: Microsoft Calls Time on the Iconic App

Everything good comes to an end. As of May 5, Microsoft has ended support for Skype, nearly 15 years after acquiring the European VoIP provider from eBay for $8.5 billion.

Skype Farewell
Photo: Getty Images

Key Facts

  • Jeff Teper, President of Collaborative Apps and Platforms at Microsoft, announced the decision to cease the service, aiming to optimize user communication products.
  • Once a pioneering platform for HD voice and video calls, Skype was an early leader in online communication.
  • Skype, initially developed by Skype Technologies, was acquired by eBay in 2005.
  • Despite surpassing 400 million users in 2008, Skype began losing its competitive edge.
  • In 2011, Microsoft acquired Skype for $8.5 billion, paving the way for the app’s current scenario.
  • Ending support for Skype has sparked nostalgia among its extensive user base.

What You Should Know and Microsoft’s Reason

Skype was once a premier VoIP service for global connections, allowing both free and paid communication. As Microsoft shifts focus to Microsoft Teams, Skype’s user experience and features will be incorporated into this modern hub.

Microsoft Teams, which has seen significant user growth, will now carry forward Skype’s legacy features, offering enhanced capabilities.

What Happens to Your Skype Account?

All Skype contacts and chats will seamlessly migrate to the free version of Microsoft Teams. Active subscriptions and credits remain usable through Skype Dial Pad, accessible via the web or Teams.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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