Melita Cable plc, which provides television, broadband and telephony services and which was recently acquired by GMT Communications Partners, has signed a letter of intent for a proposed transaction with 3G Telecom-munications Limited.

3G Telecommunications, a subsidiary of investment firm M/C Venture Partners, was recently awarded Malta’s third UMTS licence by the Malta Communications Authority. The transaction will enable Melita Cable to operate Malta’s third wireless communications network and offer a full suite of voice and data communications services. As a part of the transaction, M/C Venture Partners will acquire a minority interest in Melita Cable and fund the company’s expansion alongside GMT Communicat-ions Partners and the Gasan Group.

The Malta Communications Authority has issued its preliminary approval for the transaction; completion remains subject to final clearance by the MCA and the Office of Fair Competition.

Commenting on the new agreement, Massimo Prelz of GMT Communications Partners said, “the addition of 3G Telecommunications will enable Melita Cable to become one of the cable industry’s first fully integrated quadruple play operators. We view this as an important opportunity for Melita Cable to build on a successful track record of investment in Malta’s communications market.”