Melita changes hands

Maltese fixed, mobile, broadband and pay-TV provider Melita is to be sold to investment funds Apax Partners of France and Fortino Capital of Belgium. Melita is currently owned by GMT Communications Partners, M/C Venture Partners, the Gasan Group and Blackrock Communications. The financial details of the transaction were not disclosed. Andrei Torriani, CEO at Melita, commented: ‘With the support of these new shareholders, Melita will be able to continue its investment programme and growth, benefiting consumers, businesses and the country as a whole.’ Melita is the smallest of Malta’s three mobile network operators, lying behind Vodafone and GO, but claims a slight lead in the fixed broadband sector, just ahead of GO.