EQT infrastructure has announced it has sold the Maltese mobile operator Melita and its fiber and passive telecom infrastructure to Goldman Sachs Alternatives.
No financial details have been disclosed.
The transaction is subject to the satisfaction of certain conditions including regulatory approvals.
Melita, which was sold to EQT Infrastructure in 2019 for an undisclosed amount, has the smallest market share of the three mobile operators covering the Maltese islands.
Melita has a nationwide 5G mobile network with its own towers, backhaul and small cell footprint. It offers co-location services and also operates the largest Tier 3 data center in Malta, which together enable Melita to deliver a full suite of digital services to its customers - households and businesses across the country.
“Building on EQT’s long track record of investing in digital infrastructure, we supported Melita through strategic investments including in its 5G coverage and an upgrade of its fiber-powered network. We are proud of the rapid progress of Melita’s IoT business which, in just a few years since inception, has grown significantly and through add-on acquisitions, established a promising new business line with a pan-European reach." said Ulrich Köllensperger, Partner in the EQT Value-Add Infrastructure Advisory team.
Robert Clark, Managing Director in Infrastructure at Goldman Sachs Alternatives, said “We are excited to partner with Harald and the Melita team in the next stage of their journey. Melita is a great example of the opportunities available in the digital infrastructure space and we are excited to make this investment to support Melita’s continued growth on behalf of our clients.”
