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Vodafone Malta, Melita to Merge Into Fully Integrated Provider

Vodafone Malta, Melita to Merge Into Fully Integrated Provider Image Sources: Vodafone, Melita

Vodafone Group said it plans to merge its Malta unit with Melita in a deal that values the combined group at 506 million euros ($565.3 million).

“The Combined Company’s mobile and enterprise business will operate under the Vodafone brand, distribute a wide range of services including Vodafone’s global portfolio of products and services and benefit from access to Vodafone’s extensive expertise in mobile and fixed operations worldwide,” said Vodafone in a statement.

Vodafone said the deal won't have a material impact on the group's free cash flow or earnings, and won't be consolidated into its accounts.

Under the merger, the current shareholders of Melita will own 51% of the combined company and Vodafone Europe B.V., the current shareholder of Vodafone Malta, will own the remaining 49%.

The combined company is also expected generate cost synergies through the rationalization of overlapping activities and greater network investment efficiency it introduces 4.5G, and subsequently 5G, mobile networks and gigabit-capable fixed networks.

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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