Apax Partners to buy Malta operator Melita

News General Malta 8 DEC 2015
Apax Partners to buy Malta operator Melita
Apax Partners is continuing its expansion in the telecom market with the acquisition of Malta operator Melita. In cooperation with Fortino Capital, Apax agreed to buy the cable and mobile operator from a consortium of private equity companies led by GMT Communications Partners and M/C Partners. No financial details of the deal were disclosed. 

GMT first invested in Melita in 2007, and the shareholder said that Melita's annual EBITDA has since doubled, from EUR 16 million to over EUR 31 million this year. Melita's network covers 99 percent of homes in Malta and it counts over 110,000 unique subscribers. It also operates its own mobile network, submarine cable, data centre and public Wi-Fi network. 

Categories:

General

Companies:

Melita

Countries:

Malta

Tags:

M&A buyouts & divestments

Related Articles

MALTA 23 MAY 2019

EQT acquires Maltese operator Melita

EQT Infrastructure IV said it signed an agreement to acquire Malta operator Melita from private equity firms Apax Partners and Fortino Capital. Melita will continue to operate under the leadership of CEO Harald Rosch, a longstanding industrial advisor to EQT. 

MALTA 22 MAR 2017

Melita prepares bid to acquire Vodafone Malta - report

Melita is preparing a bid to acquire Vodafone Malta, writes local paper Times of Malta citing industry sources. Behind the move is Apax Partners, the French firm that acquired a majority shareholding in Melita in February 2016. News of Apax's plan to acquire Vodafone Malta first appeared in industry journal TMT Finance citing unnamed sources. Both Apax and Vodafone Malta did not wish to comment this piece of information. The journal quoted unnamed sources saying Apax was in talks with a number of banks abou

MALTA 23 AUG 2016

Melita opens website for Melita Data Centre

Melita launched melitadatacentre.com, a new website dedicated to Melita Data Centre's co-location, hosting and connectivity services. Built to Tier III specifications and covering a total fully-fenced footprint of 10,000 square metres, the facility is also the largest in Malta. By leveraging Melita's nationwide fibre network, Melita Data Centre also provides dedicated and premium symmetric internet over fibre, local point to point circuits as well as MPLS for local and international multisite connectivity.

MALTA 6 JUL 2016

Melita Data Centre registers 100% growth in 12 months

Melita Business announced it is registering exponential growth in the hosting of business clients at its data centre in Madliena. When compared to June 2015, the number of client data racks hosted at the purpose built facility increased by 100 percent and similar growth is expected by the end of 2016. Since completing the tenfold expansion of its data centre footprint in 2015, Melita said it witnessed unprecedented demand for data centre services from international companies working in Malta as well as home

MALTA 21 MAR 2016

Melita gets new CEO

Harald Rosch is the new CEO of Malta operator Melita, following the company's takeover by Apax France and Fortino Capital. He replaces Andrei Torriani, who led the company for seven years. Until recently, Rosch was CEO of Bulgarian operator Blizoo. Previously he served as CEO of German operators Kabel BW and HanseNet, Managing Director of the Internet Business Unit at Telecom Italia and member of the Supervisory Board at Sky Deutschland.

PORTUGAL 15 SEP 2015

Altice agrees sale of Cabovisao, Oni to Apax

Altice announced an agreement to sell Portuguese operators Cabovisao and Oni to private equity group Apax France for an undisclosed sum. Altice agreed earlier this year to sell the companies in order to to secure regulatory approval for its acquisition of PT Portugal. In addition to private equity funds, Vodafone Portugal was also reported to be interested in cable operator Cabovisao and business services provider Oni, in order to expand its growing fixed business in Portugal. Cabovisao is the second-larges

SWITZERLAND 18 DEC 2014

Free owner Niel to buy Orange Switzerland for CHF 2.8 bln

The private equity funds Apax Partners announced an agreement to sell Orange Switzerland to NJJ Capital for CHF 2.8 billion (EUR 2.3 billion). NJJ Capital is the holding company of Xavier Niel, the founder and controlling shareholder of French operator Free. The transaction is subject to customary regulatory approval and is expected to be completed by the end of Q1 2015. Apax said it expects to generate a strong return on the investment, acquired in 2012 from French group Orange. Over the last three years,

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.