EURO Money invest in MALTA way and Technology: Melita being sold to Apax France and Fortino Capital

EURO Money invest in MALTA way and Technology: Melita being sold to Apax France and Fortino Capital

 

MALTA opprtunity with MALTAway

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Melita plc is being sold to France-based Apax Partners and Fortino Capital, the telecommunications company revealed this morning.

The sale is subject to regulatory approval, said Melita’s owners, GMT Communications Partners, MC Venture Partners, Blackrock Communications and the Gasan Group.

Chairman Joseph Gasan said he was delighted that the company, which he founded 23 years ago, was now in a position to start a new phase under new ownership.

The company’s management team welcomed the deal and described it as recognition of Melita’s consistent growth throughout the past years, based on a clear strategy of delivering customer value through convergence.

CEO Andrei Torriani said that as the company continued to grow, invest and roll-out new offerings, it should continue to be a strong employer in Malta.

As the company continued to grow, invest and roll-out new offerings, it should continue to be a strong employer in Malta

Apax Partners and Fortino Capital together bring more than 30 years of experience in the technology, media and telecom sector.

Through their investments and professional participation the new investors bring experience from companies such as Numericable Belgium & Luxembourg, Cabovisao, Outremer Telecom, Telenet, Primacom and KPN.

Over recent years, Melita completed key infrastructure investments that have been acknowledged by the European Commission and enabled Malta to place at the top of the European charts for next generation broadband coverage.

These include nationwide 3G mobile network, laying of a submarine cable connecting Malta to mainland Europe, nationwide deployment of next generation broadband with speeds up to 250Mbps, construction of a state-of-the-art data centre for co-location and hosting services, as well as the roll-out of Melita wifi – the next-generation wifi service. It continues to invest in dedicated fibre connectivity to businesses across all Malta and Gozo.

http://www.timesofmalta.com/articles/view/20151208/local/melita-plc-being-sold-to-apax-france-and-fortino-capital.595032

Malta at the top spot out of all 28 EU member states for broadband coverage

Melita internet thrusts Malta’s digital performance up top

Melita welcomes results announced in the European Digital Agenda scoreboard placing Malta at the top spot out of all 28 EU member states for broadband coverage.

Maltaway, when a MED country perform better than North Europe

Melita’s continuous multi-million Euro investment in Fibre power internet service has thrusted Malta in the number one position amongst EU countries for coverage of Next Generation Broadband. Melita has facilitated access to speeds of 100 Megabits per second or more wherever and whenever customers need it around Malta and Gozo, without requiring complex installations or changes to wiring.

Malta has also climbed two places in the amount of subscriptions for broadband connections of 30 Megabits or more. This comes as a direct result of Melita’s upgrades to all its domestic customers, back in 2014, to a minimum of 30 Megabit per second connections and business broadband connections starting from 60 Megabits per second.

“The results achieved by Malta and Melita are the result of a clear strategy supported by multi-million Euro investments aimed at delivering the best broadband experience, nationwide to Malta. Our strategy remains based on converged services, where entertainment and communications increasingly depend on fast and high quality broadband internet. Statistics published by the EU encourage us. But we are also delighted to note that Maltese consumers and businesses have voted Melita as the ‘Best Buy Award’ for both fixed and wireless broadband internet”, commented Andrei Torriani, CEO at Melita.

Investments in fixed and wireless broadband for Melita continue relentlessly as the company recently also announced upgrades to its 3G+ mobile network, now delivering speeds of up to 42Mbps on mobile internet. Moreover, melitaWIFI offers speeds of up to 100 Megabits per second and this is being rolled out in more hubs around the country. Neighborhoods have access to even higher home internet speeds reaching up to 250 Megabits per second. These investments form part of Melita’s five-year €70 million rolling investment program.

Melita has also been confirmed as Malta’s fastest broadband internet provider by OOKLA – the international independent operator of the site http://www.netindex.com. After thousands of tests performed directly by customers from their own computers or devices, results show that Melita customers, on average, experience internet speeds twice as fast as those of other local operators.

http://www.maltatoday.com.mt/business/technology/54797/melita_internet_thrusts_maltas_digital_performance_up_top#.VZpcnPntmkp