TERMINATION OF THE PROPOSED MERGER IN MALTA

RNS Number : 7611Y
Vodafone Group Plc
08 December 2017
 

 

8 December 2017

 

TERMINATION OF THE PROPOSED MERGER BETWEEN VODAFONE MALTA AND MELITA

 

 

In May 2017, Vodafone Group Plc ("Vodafone"), Apax Partners Midmarket SAS ("Apax") and Fortino Capital ("Fortino")  announced their intention to combine Vodafone Malta with Melita to create a fully integrated communications company in Malta.

 

Since then, the parties have cooperated extensively with the Maltese Competition Authority (the "MCCAA") in order to obtain approval for the transaction. However, it has now become clear that the parties are unable to satisfy the MCCAA's requirements and consequently they have decided to terminate the transaction and withdraw the notification.

 

- ends -

 

 

For further information:

 

Vodafone Group

 

Media Relations

Investor Relations

www.vodafone.com/media/contact

Telephone:  +44 (0) 7919 990 230

 

 

Notes for Editors

 

About Vodafone

Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 50 more, and fixed broadband operations in 19 markets. As of 30 September 2017, Vodafone Group had 522.8 million mobile customers and 18.8 million fixed broadband customers, including India and all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com

Vodafone Europe B.V. is the shareholder of Vodafone Malta.

 


This information is provided by RNS
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