GO plc - Acquisition of Data Centre Business

On 24 April 2009, GO plc announced that the Group entered into a share purchase agreement for the acquisition of 60% of the issued share capital of BM IT Ltd, BM Support Services Ltd and Bell Net Ltd for €9.5 million.

Bell Net Limited, which has been operating as an ISP since 2003 covering mostly the corporate sector became a subsidiary of GO in order to transfer its ISP business to GO. Bell Net Ltd is a wholly owned subsidiary of Bell Med Limited which was established in 1996 as a content provider of financial Services information through its website business-line.com. Since 1998 Bell Med had further expanded its range of operation by including hosting and IT support for its corporate customers. IT security and auditing became a major service within Bell Med’s services portfolio. In 2003 Bell Med Ltd gained a license to operate as an ISP. Under its newly formed branch – Bell Net – the company started to offer broadband Internet connectivity to its corporate customers as well as to home users in Malta and Gozo.  Today Bell Med provides e-security, consulting and testing to business customers as well as to professional consulting firms.

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