An additional €4.5 million in cash are being injected into Melita Capital p.l.c. by its shareholders to be used for the continued operation and development of its mobile business in Malta.

The company said that 22 months since launching a nationwide 3G mobile network, it has become Malta’s fastest growing mobile operator.

This additional equity will be used to fund the growth of the mobile operation.

The company said significant improvements in the quality of mobile services have already been registered, with an increased customer satisfaction rate reflected as consistent growth in both subscribers and minutes of usage.

Melita has also restructured its businesses and created a holding company which now owns all the various companies operating under the Melita brand.

“We are pleased to share that our shareholders are highly encouraged by our success and growth in the mobile market, and have decided to strengthen the Melita Capital balance sheet for further investment in Melita’s mobile business” said Andrei Torriani, Group Chief Executive Officer.

The operating companies owned by the newly-formed holding company include Melita p.l.c., Melita Capital p.l.c, Melita Media Ltd, Melita Infrastructure Ltd and Melita Mobile Ltd.

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