Vodafone (LON:VOD) has pulled out of plans to merge its Malta business with Melita after failing to receive regulatory approval.
The London-listed telecoms giant said the companies were unable to satisfy the Maltese Competition Authority’s requirements and has therefore decided to ditch the proposed deal.
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Vodafone and Melita owners, Apax Partners Midmarket SAS and Fortino Capital, announced the proposed merger in May.