Vodafone and Melita merge forces in Malta

The breaking announcement of this merger was made by their shareholders earlier this morning, with Melita shareholders Apax Partners and Fortino Capital retaining majority stakes at 51%.

The final agreement must get the rubber stamp from the Malta Communications Authority and the final transaction is expected to close later this year.

The merged company will operate under the Vodafone brand, and is expected to offer stiff competition to its Malta rival GO.

Vodafone Malta has been valued at €208 million and Melita at €298 million as part of the deal, with the combined company assuming net debt of approximately €345 million. Vodafone will receive an estimated cash payment of €120 million while Melita’s shareholders will receive an estimated cash payment of €33 million, representatives for the newly-formed company said in a statement announcing the deal.

Current Melita CEO Harald Rösch will take over as CEO while a new role for Amanda Nelson, its current CEO, will be allocated.

Relive the highlights from our last show and stay tuned for this year’s SiGMA. Watch out for what we’re branding as the ‘iGaming Village’ this year.

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