Maltese Mobile Network Put Up for Sale by Majority Shareholder
Published on: 27th Jul 2015
Note -- this news article is more than a year old.
UAE based Emirates International Telecommunications (EIT) has confirmed that it plans to dispose of its 60 percent shareholding in the Maltese telecoms operator, Go.
The company said that the latest sale follows the successful sale of its investments in Interoute, a European Network provider, earlier in 2015.
Go is currently undergoing a restructuring process which entails spinning off one of its subsidiaries, Malta Properties, into a separately listed entity.
EIT said that it plans to maintain its shareholding in Malta Properties after the demerger as this is aligned with its parent company, Dubai Holding's strategy of focusing on real estate investments.
EIT has not yet approached or identified any buyer for its stake in the mobile network.
EIT currently has stakes in Du, Tunisie Telecom, Axiom Telecom, Go and Forthnet.