Melita (telecommunications company) explained

Melita Limited
Type:Private
Predecessors:-->
Successors:-->
Founders:-->
Areas Served:-->
Key People:Harald Rösch (CEO)
Industry:Telecommunications
Profit:-->
Profit Year:-->
Website:www.melita.com
Former Name:Melita Cable
Owners:EQT AB
Slogans:-->

Melita Limited, formerly Melita Cable, is a Maltese telecommunications company established in 1992. It is a quadruple play provider that provides cable television, mobile telephone, broadband Internet, and fixed-line telephone services.[1]

Melita was the first company to offer high-definition television in Malta through its Melita NetBox digital set-top box, introduced in 2010.[2]

In February 2016, the private equity investment funds Apax Partners France,[3] today known as Seven2, and Fortino Capital acquired the company from previous financial investors GMT Communications Partners, MC iVenture Partners, Blackrock Communications and the Gasan Group.[4] On 23 May 2019 Melita was acquired by EQT AB.[5]

In October 2019, Melita launched a new brand selling Machine to Machine (M2M) and Internet of Things (IoT) connectivity to businesses across Europe. The company offers both cellular IoT as well as LoRaWAN IoT connectivity.[6]

Melita Ltd launched a charitable foundation in 2020 with initial funding of €500,000. It will be investing these funds in a range of projects focused primarily on the development of digital skills and creativity among young people in Malta and the conservation of Malta’s heritage and environment.[7]

Notes and References

  1. Web site: About Us. Melita. 3 April 2016. en-GB.
  2. News: Melita inaugurates HD TV. 3 April 2016. Times of Malta. 30 May 2010.
  3. Web site: 2016-02-22 . Apax Partners and Fortino Capital complete the acquisition of Melita . 2024-05-31 . Times of Malta . en-gb.
  4. Web site: Apax Partners and Fortino Capital complete the acquisition of Melita. 2016-02-22. Melita. 2019-07-02.
  5. Web site: EQT acquires the leading Maltese telecom operator Melita. eqtgroup.com. 23 May 2019.
  6. Web site: Melita launches melita.io to offer IoT connectivity across Europe. melita.com. 17 October 2019.
  7. Web site: Melita launches charitable foundation with funding of €500,000 . Times of Malta. 16 February 2020.