Mar 21 / 2017
Latest News / Deals/

Melita prepares takeover bid for Vodafone Malta

Malta’s quad play telecommunications operator Melita is currently in the process of preparing a bid to acquire Vodafone Malta, according to industry sources.

Back in February 2016, the French firm Apax Partners acquired a majority of shares in Melita, 86% in total while Belgian company Fortino Capital also gained 12% last year and the remainder 2% went to management. While talks have gone on in the past between the two companies about the potential of a merger, it was Apax Partners who were the initiators of this latest move to attain Vodafone.

Melita's stand at SiGMA16

Melita’s stand at SiGMA16

Vodafone Malta is wholly owned by the Vodafone Group and currently offers mobile phone services and nationwide Wi-Fi internet coverage.

According to the TMT Finance, a reputable industry journal, unnamed sources quoted that Melita is preparing a takeover bid unlike any in the past. It stated that Apax was in a fairly advanced stage of negotiations with a few banks about a loan deal to back the acquisition.

TMT Finance went on to say that little is still known of the details and valuation, however, the deal appeared to be the results of bilateral talks.

No comment is being made at the moment by either Melita or Vodafone representatives but sources believe that a takeover like this makes absolute sense seeing that Melita’s mobile offering is currently the weakest in its portfolio.

As explained by industry sources, it is expected that Melita would carry more value with Apax expecting a better return should it decide to sell its shares in the future if this deal goes through. Apax, like many investment companies, make acquisitions keeping an eye on long-term gains in the future when they sell out.

Seeing that the mobile phone sector in Malta currently comprises of three companies, this deal, if it transpires, will have to be cleared by the regulator as it will be reducing the competition.

Are you a startup? Then apply for the SiGMA Startup Pitch 2017 and meet hungry investors. View Startup Pitch 2016 gallery here.

Share this entry: gplus-button facebook-button linkedin-button twitter-button
or go back to NEWS page
    [0] => stdClass Object
            [ID] => 140002
            [post_title] => EveryMatrix gains Associate Member status in the European Lotteries Association
            [post_date] => 2020-07-09 14:57:38
            [post_name] => everymatrix-gains-associate-member-status-in-the-european-lotteries-association

    [1] => stdClass Object
            [ID] => 139996
            [post_title] => ThunderSpin announces content agreement with BetConstruct
            [post_date] => 2020-07-09 14:41:13
            [post_name] => thunderspin-announces-content-agreement-with-betconstruct

    [2] => stdClass Object
            [ID] => 139984
            [post_title] => Experiencing a mysterious world with Pragamtic Plays new title Drago - Jewels of Fortune
            [post_date] => 2020-07-09 13:34:48
            [post_name] => experiencing-a-mysterious-world-with-pragamtic-plays-new-title-drago-jewels-of-fortune

    [3] => stdClass Object
            [ID] => 139990
            [post_title] => Yggdrasil and AvatarUX launch latest PopWins gameWildPops™
            [post_date] => 2020-07-09 13:27:58
            [post_name] => yggdrasil-and-avatarux-launch-latest-popwins-gamewildpops

    [4] => stdClass Object
            [ID] => 139985
            [post_title] => GrooveGaming recognised as one of the 10 Best Technology Solution Providers of 2020
            [post_date] => 2020-07-09 13:16:35
            [post_name] => groovegaming-recognised-as-one-of-the-10-best-technology-solution-providers-of-2020

Book pass today!
Affiliates register free.
Low fee for all other delegates.
Find out now.

Book Your Pass!

latest magazine

SiGMA Aftermovie

Upcoming Events

LATAM Digital Summit


The inaugural SiGMA LatAm is set for Sep 22-24 with a virtual summit focusing on three themes: SiGMA LatAm Focus, AIBC LATAM, and SiGMA Deep Tech.

Learn More