GO plc notes the announcement that Vodafone Malta and Melita Limited made earlier today about their proposed merger. Such a merger will need to be assessed and requires eventual clearance by the Malta Competition and Consumer Affairs Authority (MCCAA).
As GO has already stated following initial reports about this possible merger, the company understands the desire of other operators to consolidate their position in the Maltese market.
Whilst GO is well placed to face such developments, it is naturally important that a fair competitive and regulatory environment is maintained primarily for the benefit of consumers in Malta but also for operators such as GO which continues to make very significant investments in the national telecommunications infrastructure.
There are very clear competition rules and precedent which guide regulators in such acquisitions and GO is confident that the relevant authorities will follow such principles throughout this process.
GO will participate fully in the consultation process to ensure that competition is safeguarded through the prevention of significant impedance of effective competition by the creation or strengthening of a dominant position. This is in line with GO’s unwavering commitment towards its shareholders, employees, customers and its consumers in Malta.