Ten-fold expansion in Melita’s data co-location services set to attract foreign investment in cloud computing, online gaming and e-commerce to Malta
Melita has launched a new investment to expand its existing state-of-the-art data co-location services tenfold. The new space created as a result of this investment will also double Malta’s existing data centre capacity.
Details of this latest investment by Malta’s leading telecoms operator were unveiled on Thursday 2nd October during a launch event presided by Dr Chris Cardona, Minister for the Economy, Investment and Small Business, held on site at Melita’s new co-location facility in Madliena.
The extension is currently under construction and is expected to go live towards the end of the first quarter in 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 to date and sold out within a few months after launching to market.
The extension to Melita’s data centre forms part of a multi-million Euro investment that the company is rolling out over a five-year period, amounting to a total of Eur60 million.
Minister 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 added that through its investment program, Melita is 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” Minister Cardona said.
Melita Group Chief Executive Officer Andrei Torriani said that this latest investment in a new data centre continues to solidify the chain of investments that Melita has already completed to strengthen its telecom infrastructure, including a submarine fibre cable to mainland Europe, broadband speeds of 100 Megabits nationwide, and 250 Megabits in select areas as well as new international data links to the world’s best internet providers in Milan and in Northern Europe, specifically to assist locally based companies in doing business with Scandinavian countries.
“This new investment by Melita is a clear sign that our shareholders are committed to continue developing the company’s and the country’s infrastructure. We see great potential in Malta as a country that continues to present immense opportunity for growth. More co-location space is critical for the country’s success in attracting new foreign companies to Malta but it’s not the only requirement. The country has to offer better quality and very high-end data centre capacity as well. We believe that Melita’s existing and new data centres are Malta’s flagships in this sector,” said Mr Torriani.
“Our investments are enabling Malta to attract more foreign direct investment into the country, to create new smart jobs and to present itself as an ideal location for global businesses to prosper. Over the years Melita has evolved into a highly advanced, converged telecoms company providing a wide portfolio of products and services for consumers and businesses, in line with the master plans and objectives set out by successive Governments,” explained Mr Torriani.
Group Chief Operations Officer, Mr Ludolf Rasterhoff explained Melita’s strategy aimed at supporting all businesses in Malta through a robust telecoms infrastructure and powerful connectivity, irrespective whether the business has Maltese or foreign ownership.
“Strong, powerful and reliable 24/7 connectivity is critical to the success of almost every business organization. As a company, Melita acts as the enabler to conduct business in Malta and beyond. Through our investments, Malta is becoming a hub from where businesses can reach out to their customers around the globe,” said Mr Rasterhoff.
He thanked all the stakeholders involved in the telecoms industry, primarily the Malta Communications Authority for the development and enforcement of a clear operational framework. He also thanked the regulators of the financial services and online gaming sectors, the Malta Financial Services Authority and the Lotteries and Gaming Authority respectively, for ensuring that Malta continues to offer a well-regulated market for companies operating within these sectors.