Vodafone Group announced an agreement to sell all of of Vodafone Malta to Monaco Telecom. The cash purchase price gives the Maltese mobile operator an enterprise value of EUR 250 million, equal to 7.8x EBITDA for 2019.
The company will retain the rights to the Vodafone brand in Malta for a transitional period. Completion of the takeover still requires approval from the Malta Communications Authority and is expected in Q1 2020.
According to figures from the MCA, Vodafone was the smallest of the three mobile operators in Malta at the end of June, with nearly 144,000 customers. The operator also had around 10,000 fixed-wireless customers.
