GO plc

History and Evolution

GO plc originated from Telemalta Corporation, a state-owned telecommunications monopoly established by the Government of Malta in 1975. It was incorporated as Maltacom plc in 1997 and later privatised in 2006, with Tunisie Telecom acquiring a majority stake. The company rebranded as GO in 2007 and has since transformed from a traditional telecom operator into a diversified digital services group. Today, it serves both residential and business customers in Malta and Cyprus, leveraging a fibre-optic network that reaches every home in Malta.

Business Model and Revenue Streams

GO generates revenue through a combination of consumer telecom services, enterprise solutions, and subsidiary operations. Its core residential offerings include bundled packages (GO Plus), mobile plans, broadband internet, and digital TV. For businesses, GO provides fibre connectivity, cloud hosting, IoT solutions, cybersecurity, and data centre services. The company also earns income from its wholesale division, which sells international connectivity including DIA, IPLC, and subsea capacity, and from its energy retail and assisted-living ventures.

Core Products and Brands

GO Mobile offers prepaid and postpaid plans with 5G/4G coverage, Voice over WiFi, and family options. GO Plus bundles fibre internet, fixed-line phone, and digital TV. Tokis is a local streaming platform featuring Maltese content, international films, series, and live sports. True Fibre is GO's nationwide fibre-to-the-home network, supporting speeds up to 10 Gbps. GO Business delivers enterprise-grade services, and the wholesale division partners with platforms like Connectbase to accelerate international sales. The company also markets digital TV via its own DTT platform.

Subsidiaries and Ecosystem

GO has built a portfolio of subsidiaries that expand its reach beyond traditional telecom. BMIT Technologies is Malta's leading data centre operator and digital infrastructure partner; in 2025 it acquired a 49% stake in Malta Properties Company plc. Cablenet, based in Cyprus, launched 5G services in 2025 and competes in the Cypriot telecom market. Cybersift provides managed cybersecurity, Connected Care offers assisted-living technology for the elderly, GO Energi and AQS focus on energy retail and sustainability, and Klikk operates a digital marketplace. This ecosystem allows GO to offer end-to-end digital solutions.

Financial Performance

GO has demonstrated consistent growth. In 2025, revenue rose 3.9% to €254.4 million, EBITDA grew 1.5% to €92 million, and net profit surged 31.7% to a record €20.7 million. The board recommended a final net dividend of €0.09 per share, bringing the full-year total to €0.16 per share. Over seven years, GO has returned over €162 million in dividends. The company’s network investments, including the completion of True Fibre coverage across Malta, have been substantial and position the country among Europe’s leading fibre nations.

Market Position and Competition

GO competes primarily with Melita, Malta’s other major quad-play operator, in a tightly regulated market overseen by the Malta Communications Authority. Despite competitive pressure, GO’s diversified business model and strong financial performance have enabled it to maintain a leading position. The company’s wholesale expansion into Cyprus via Cablenet and its partnerships with Nokia for 5G and charging SaaS solutions further strengthen its competitive stance.

Strategic Direction

Going forward, GO focuses on digital transformation, ecosystem diversification, and vertical integration through its subsidiaries. The company aims to leverage its fibre network to support IoT, smart city initiatives, and high-speed enterprise connectivity. Its recent entry into the Connectbase platform and the expansion of Cablenet’s 5G services in Cyprus indicate a strategy of internationalising its wholesale and mobile offerings. GO also continues to invest in sustainability through its energy arm and in social impact via assisted-living technologies.