EQT, the investment firm, has announced the sale of Melita, Malta’s leading telecommunications company, to Goldman Sachs Alternatives. Melita holds a unique position as the only operator in Malta offering both nationwide Gigabit fixed and nationwide 5G mobile services.
Established in 1992, Melita provides a comprehensive range of digital services, premium TV offerings, and data center solutions to both residential and business customers across Malta. Acquired by EQT in 2019, Melita has undergone significant transformation, fueled by substantial investments in its infrastructure and service enhancements. This includes the integration of Generative AI tools to improve customer service across billing, sales, and technical support, resulting in increased customer satisfaction.
Ulrich Köllensperger, Partner in the EQT Value-Add Infrastructure Advisory team, commented: “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 regulatory approvals and other customary closing conditions.