Maltese fixed and mobile operator GO has reported a 19.4% rise in EBITDA for full-year 2016 to EUR61.6 million (USD66.1 million). Revenues increased by EUR33.3 million to EUR157.0 million, while pre-tax profit stood at EUR28.1 million. The positive performance was attributed largely to the first-time inclusion of GO’s 51% subsidiary in Cyprus, Cablenet, which was consolidated in the group’s results from January 2016. Domestic telecoms revenues were up 3.4% year-on-year to EUR127.9 million, while triple-play TV, internet and telephony provider Cablenet generated sales of EUR29.1 million. Meanwhile, GO says its fibre-to-the-home (FTTH) networks in Malta now cover some 40,000 households.
GO’s Chairman, Nizar Bouguila, said: ‘It is abundantly clear that GO’s underlying performance in both Malta and Cyprus in 2016 was strong, more so when taking into account the regulatory and competitive pressures present in both markets … GO will maintain its investments in 4G and accelerate the rollout of FTTH. Cablenet will also continue with its investment programme, which is focused on extending the reach of its network.’