New CYTA logo fails

It's pretty easy to do a nice spherical logo -- some would say it's a lazy way to refresh an old logo and although I'm not entirely keen on all of those listed below, they are at least competent.
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Spherical Logos
Shame then, that the CYTA (our local big telco) rebrand would come out looking so poor. I'm all for switching to a single name (having ATIK/ATHK and CYTA was confusing and everyone called it CYTA anyway) but the new logo is just a bit of a mess. The previous brand might have not been perfect but at least it had a somewhat iconic status, you would recognise it and it meant what it meant. The new convoluted creation completely misses the mark.
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New CYTA logo compared to old one
Might be the result of design-by-committee or the stifling of creativity by a big organisation's red tape but all I see is a crooked, badly proportioned, unoriginal brand. Shame.