Telecoms group Go's 60 per cent stake in locally-owned internet service provider BM IT Limited, BM Support Services Limited and Bell Net Limited cost €9.5 million.
A week ago, Go plc made an announcement on the Stock Exchange that it had entered into an agreement to acquire majority shareholding in the three companies which will continue to operate independently. The news surfaced internationally on Monday.
Sources say Go will soon name company directors.
The companies provide a wide range of services including co-location, managed services, and IP connectivity. It is a considerable coup for Go, which has already indicated its intentions to grow its data centre business after shedding its international call centre operations as profit margins fell.
BM IT Ltd provides all ISP support and requirements for the lion's share of Malta-domiciled i-gaming companies. Sources say Go's stake will considerably boost the company's good portfolio and complements its strategy to become a main player in the data centre sector. There is now more scope for the utilisation of the capacity of Go's second submarine cable, they added.
Go already services a host of gaming organisations directly.
In a statement on Tuesday, Go chief exeucitve officer David Kay said: "Go has made this investment in order to grow its data centre business and achieve a critical mass in terms of the number of clients making use of its services.
"The data centre business is core to our medium to long term business strategy. It is our intention to strengthen Malta's position as a leading player in the online gaming industry and exploit new market opportunities."
Ian Curtis, CEO of Qormi-based Bell Net, which provides internet services to corporate and residential customers, said he was confident Go's acquisition would benefit the companies' existing customers and that business would continue to grow.
A week ago, Go plc made an announcement on the Stock Exchange that it had entered into an agreement to acquire majority shareholding in the three companies which will continue to operate independently. The news surfaced internationally on Monday.
Sources say Go will soon name company directors.
The companies provide a wide range of services including co-location, managed services, and IP connectivity. It is a considerable coup for Go, which has already indicated its intentions to grow its data centre business after shedding its international call centre operations as profit margins fell.
BM IT Ltd provides all ISP support and requirements for the lion's share of Malta-domiciled i-gaming companies. Sources say Go's stake will considerably boost the company's good portfolio and complements its strategy to become a main player in the data centre sector. There is now more scope for the utilisation of the capacity of Go's second submarine cable, they added.
Go already services a host of gaming organisations directly.
In a statement on Tuesday, Go chief exeucitve officer David Kay said: "Go has made this investment in order to grow its data centre business and achieve a critical mass in terms of the number of clients making use of its services.
"The data centre business is core to our medium to long term business strategy. It is our intention to strengthen Malta's position as a leading player in the online gaming industry and exploit new market opportunities."
Ian Curtis, CEO of Qormi-based Bell Net, which provides internet services to corporate and residential customers, said he was confident Go's acquisition would benefit the companies' existing customers and that business would continue to grow.