Vodafone sells its operations in Malta

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The price paid by Monaco Telecom SAM gives Vodafone Malta a value of 250 million euros. In the financial year ended March 31, 2019, Vodafone Malta made revenues of 82 million euros and an operating profit of 32 million euros.

Completion of the transaction requires the approval of the Malta Communications Authority and is expected to take place in the first quarter of 2020. According to official figures, Vodafone is the smallest of Malta’s three mobile operators with nearly 144,000 users at the end of June. Vodafone Malta also has approximately 10,000 users of fixed telephony services.

Vodafone Group has divisions in 24 countries, 42 partner mobile networks and fixed broadband operations in 19 countries. As of September 30, 2019, the Group had 625 million mobile service users, 27 million fixed broadband service users and 22 million TV service customers, including all Vodafone customers from merged entities and associations.

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