Investment firm EQT has announced the sale of Malta’s Melita to Goldman Sachs Alternatives.
Melita is currently the only operator in Malta that provides both nationwide Gigabit fixed and nationwide 5G mobile services.
Founded in 1992, Melita also runs a full suite of digital service, premium TV offerings, and data center solutions to households and businesses across the country. It was acquired by EQT in 2019, since when it has made substantial investment in its infrastructure and enhanced its operations and service offering.
This has included Generative AI tools to support customers with billing, sales and technical queries which had a positive impact on customer satisfaction
Ulrich Köllensperger, Partner in the EQT Value-Add Infrastructure Advisory team, said: “Building on EQT’s long track record of investing in digital infrastructure, we supported Melita through strategic investments including in its 5G coverage and an upgrade of its fiber-powered network. We are proud of the rapid progress of Melita’s IoT business which, in just a few years since inception, has grown significantly and through add-on acquisitions, established a promising new business line with a pan-European reach.
Harald Rösch, CEO of Melita, added: “Thanks to EQT’s support, the past five years have been transformational, enabling us to make substantial progress across all aspects of our business and becoming the first operator in the European Union to deploy both a nationwide Gigabit broadband network and a nationwide 5G network. This transaction reflects the achievements of our entire team and the loyalty of our customers. With Goldman Sachs Alternatives’ support and expertise, we are excited to continue our journey sustainably, investing in our infrastructure, enhancing our services in Malta and driving further innovation.”
The transaction is subject to conditions including regulatory approvals.
