GO p.l.c., the largest telecom operator in Malta, announced profits before tax of 15.6 million euros (21.7 million U.S. dollars) for 2013 on Tuesday.

Addressing stockbrokers following the announcement of the results, GO plc Chairman Deepak Padmanabhan said, "The ever increasing number of customers adopting bundles of services is a vote of confidence in the Group's product portfolio and drives GO to continue to pursue a strategy aimed at delivering tangible value to its customers."

This positive result was achieved despite a slight drop of 4.0 percent in Group revenue to 122.1 million euros. This was caused by a combination of price erosion due to the competitive nature of the market and lower revenues from wholesale, including roaming, as regulators continue to mandate significant reductions in inter-operator tariffs particularly for terminating calls on mobile networks.

GO is Malta's first "quad-play" operator with a wide range of services. As Malta's leading provider of telecom services, GO offers fixed phone, mobile telephony, broadband internet services, digital tv, in addition to business-related services like data networking solutions, business IP services, managed and co-location facilities. GO powers over 500,000 customer connections and services. Endi