GO plc – Interim Directors’ Statement

GO plc announced that, despite on-going challenges, and sustained pressures on both revenue and profitability, the GO Group continues to move in the right direction, reaping the benefits of its focused strategy whilst also laying the foundations which could lead to further growth in future. 

The Maltese telecoms market remains highly competitive, with all operators aggressively targeting customers with value propositions, leading to significant price erosion. As market penetration is high across all product lines, the limited growth in services is not enough to offset the downside resulting from lower levels of average revenue per unit (ARPU). This leads to fairly stable market shares, but lower revenue, for all operators. 

Moreover, the telecommunications industry continues to evolve rapidly; whilst there are clear signs of saturation in terms of subscriber levels, customers are shifting away from traditional voice services towards data and media applications which they want to access through various devices, using different technologies, anytime, anywhere. 

To view the official company announcement, click here.