Vodafone to sell Vodafone Malta for €250 million: every little helps

Vodafone Group Plc ("Vodafone") announces that it has entered into an agreement to sell 100% of Vodafone Malta ("VFML") to Monaco Telecom SAM (“Monaco Telecom”).1

Monaco Telecom has agreed to acquire VFML for a cash consideration equivalent to an Enterprise Value of €250 million, implying FY19 multiples of 7.8x EBITDA and 13.1x OpFCF2.

Following completion, VFML will continue to operate under the Vodafone brand for a transitional period.

The transaction is conditional on regulatory approval from the Malta Communications Authority, with completion expected in the first quarter of the 2020 calendar year.

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.