Melita has announced new investment in a ten-fold expansion of its data co-location services. The new space will also double Malta’s existing data centre capacity.

Details of the investment were announced at a launch event attended by Economic Services Minister Chris Cardona at Melita’s new co-location facility in Madliena.

The extension  is expected to go live towards the end of the first quarter of 2015. The new co-location space will be housed in a purpose-built state-of-the-art facility adjacent to Melita’s existing data centre, which was inaugurated a year ago and sold out within a few months.

The new extension forms part of a €60 million investment that Melita is rolling out over a five-year period.

Dr Cardona praised the company for its commitment towards strengthening the country’s telecommunications infrastructure and commended Melita for its vision to continue developing the country’s capacity in data co-location services.

He said Melita was  creating optimum conditions for more foreign companies to relocate their operations to Malta.

“Cutting edge data facilities, as these developed by Melita, are particularly attractive for financial services and online gaming operators, who are increasingly finding Malta as a reliable and secure location from where to conduct their business with the necessary peace of mind and state-of-the-art technical facilities” Dr Cardona said.

Melita Group Chief Executive Officer Andrei Torriani said that this investment  continued to solidify the chain of investments that Melita had already completed to strengthen its telecom infrastructure.