GO to select preferred bidder by end-May

Maltese telco GO says it has received a number of binding offers to acquire its entire share capital, with the preferred bidder expected to be named later this month. GO was put up for sale last October when 60% shareholder Emirates International Telecommunications, a unit of UAE-based investment group Dubai Holding, announced that it was offloading its stake. According to a report from Malta Today, several non-binding offers were presented in February and these have now been translated into binding offers. GO offers a full range of fixed, mobile and TV services across Malta.