Melita (telecommunications company)

Last updated
Melita Limited
FormerlyMelita Cable
Company type Private
Industry Telecommunications
Founded1992;32 years ago (1992)
Key people
Harald Rösch (CEO)
Owners EQT AB
Website www.melita.com

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]

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References

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