PRIVATISATION OF MALTACOM
Maltacom was privatised in 2006. TECOM Investments (TECOM) and the Dubai Investment Group (DIG) acquired sixty per cent of the Maltacom shares which provided them with a controlling stake in the Maltese telecom company.
The TECOM and the DIG consortium were selected as the preferred bidder for Maltacom after the Government of Malta conducted a public selection process. The CEO of the DIG consortium stated that the acquisition of Maltacom represented a significant milestone for DIG and is indicative of their long term commitment to the Maltese market in particular, and the Mediterranean region in general.
TECOM Investments (TECOM) and the Dubai Investment Group are both members of Dubai Holding. On June 12, 2007 Maltacom Group, Malta’s leading telecommunications provider, was renamed GO. This strategic decision signified the merger of the four brands Maltacom, Maltanet, Multiplus and GO Mobile.
GO are Malta’s first quadruple play operator that has converged and integrated the telecommunications company with a wide range of services, including fixed line telephony, mobile telephony, broadband Internet services, digital and IP television, in addition to business-related services like roaming hub services, data networking solutions, business IP services, and managed and co-location facilities.