Melita Limited Invests €50 Million in Malta
In a bold move to revolutionize internet connectivity in Malta, Melita Limited has announced a substantial investment of €50 million over the next seven years to enhance its networks. This visionary initiative aims to usher in the next generation of lightning-fast internet speeds and an unparalleled level of reliability that promises to reshape the island’s digital landscape.
The driving force behind this groundbreaking endeavor, Melita CEO Harald Roesch, unveiled the ambitious ‘Road to 10 Gigabits’ plan. During a live presentation in Mrieħel, attended by Economy Minister Silvio Schembri, Roesch demonstrated the remarkable technology capable of delivering an astounding 10 gigabits, equivalent to a staggering 10,000 megabits. This groundbreaking 10 Gbps technology is set to propel broadband speeds to levels that are a staggering 10 times faster than those offered by the fastest nationwide network today. Such transformative speeds are poised to not only redefine how we connect, live, work, and play but also to stimulate the development of Maltese society in ways previously thought unimaginable.
Elaborating on the rationale behind this ambitious leap, Roesch explained, “While our current connectivity is already exceptional, we are looking beyond the horizon towards the next echelon of internet speeds. You might wonder why we’re embarking on this journey, especially when much of our current home hardware needs to evolve to fully capitalize on speeds as remarkable as 10 gigabits. The answer is surprisingly simple: by the time our devices evolve and cutting-edge applications like AI become mainstream, our network will stand prepared to meet the escalating demands that these advancements will inevitably bring.” Roesch shared these insights during a press conference, emphasizing the strategic foresight that underpins Melita’s undertaking.
A testament to Melita’s commitment to technological advancement, its broadband network already occupies a distinguished position not only in Malta but also across Europe. It stands alone as the sole provider capable of delivering a remarkable 1,000 megabits per second—or one gigabit—service that blankets an entire nation. This achievement has catapulted Malta to the top spot in Europe’s ultra-broadband connectivity rankings. Impressively, Malta is the sole European Union nation boasting complete gigabit internet coverage. This distinction has been officially endorsed by the European Commission’s Digital Economy and Society Index (DESI), reaffirming Malta’s technological prowess on the global stage.
Economy Minister Silvio Schembri commended Malta’s ascent as the sixth most advanced digital economy in Europe. He hailed Melita as a trailblazer in the field and applauded the company’s substantial investment in Malta’s technological evolution. Dr. Schembri noted, “A high-speed internet network will enable real-time communication and agile decision-making. What we are launching today will transform the way we live, work, and interact and ensure that Malta is prepared for the digital revolution ahead.”
Delving into the technical dimensions of this revolutionary initiative, Melita’s Chief Technology Officer, Simon Montanaro, expounded on the promise of the 10 Gbps evolution. He highlighted that this leap in technology holds the potential to yield even more seamless experiences with applications sensitive to latency. Furthermore, it has the capacity to unlock an array of new capabilities and internet experiences spanning diverse industries, fostering innovation and growth.
While Melita remains unwavering in its dedication to shaping Malta’s digital destiny, sustainability serves as a cornerstone of its agenda. The Melita Foundation, a vital arm of the company, actively collaborates with non-profit organizations, individuals, and other stakeholders to nurture the digital skills and creativity that are indispensable for Malta’s continued advancement.
Proudly asserting its commitment to environmental stewardship, Melita is the sole telecommunications company in Malta to join the United Nations’ Science Based Target Initiative. This initiative is aligned with the objectives of the Paris Climate Agreement and is geared towards curbing greenhouse gas emissions to limit global warming to 1.5 degrees Celsius. Roesch emphasized, “We are fully committed to this endeavor. We want to shape our digital future, yet we want to do this while minimizing our impact on the environment.”
In essence, Melita Limited’s audacious €50 million investment in advancing its networks to accommodate next-gen internet speeds marks a monumental step toward revolutionizing Malta’s digital landscape. The ‘Road to 10 Gigabits’ initiative, spearheaded by CEO Harald Roesch, is poised to usher in a new era of connectivity that promises not only unparalleled speeds but also unmatched reliability. With the potential to transform industries, revolutionize communication, and enhance the quality of life for all Maltese citizens, this endeavor stands as a testament to Melita’s commitment to technological advancement and sustainable progress.
Frequently Asked Questions (FAQs)
What is the ‘Road to 10 Gigabits’ initiative by Melita Limited?
The ‘Road to 10 Gigabits’ is a visionary plan launched by Melita Limited to invest €50 million over the next seven years in upgrading its networks and delivering internet speeds of up to 10 gigabits per second (Gbps), which is equivalent to 10,000 megabits per second (Mbps).
How does the 10 Gbps technology compare to current internet speeds?
The 10 Gbps technology is poised to be ten times faster than the fastest nationwide network currently available. This leap in speed promises to revolutionize the way we connect, work, and play, fostering development and innovation across various sectors.
Why is Melita investing in such high speeds when current devices might not fully utilize them?
Melita’s CEO Harald Roesch emphasized that this investment is about future-proofing the network. As devices evolve and applications like AI become more prevalent, the network will be ready to meet the increasing demands, ensuring seamless user experiences.
How does Melita’s broadband network compare on the European stage?
Melita’s broadband network is already a standout in Europe, being the sole provider capable of delivering 1,000 Mbps service across an entire nation. This achievement has positioned Malta as the top European country for ultra-broadband connectivity.
How is Melita addressing sustainability in its technological advancements?
Melita is dedicated to sustainability and has joined the United Nations’ Science Based Target Initiative, committing to reducing greenhouse gas emissions and aligning with the Paris Climate Agreement’s goals. The company aims to shape the digital future while minimizing its environmental impact.
Esther
I am a professional writer with 8 years of experience in this field and I can provide you with the best-written content you can find. Education B.A. - English, George Washington University, United States, Graduated 2011.
Recommended Posts
Thrill of iGaming – Adventures in Malta
May 30, 2024
Malta’s Financial Services for Businesses
May 30, 2024
