Manx Telecom
  | |
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications |
| Founded | 1 January 1987 (37 years ago) |
| Headquarters | , |
Area served | Worldwide |
Key people | Gary Lamb(CEO) Kevin Walsh(Chairman)[1] |
| Services | Communications Service Provider |
| Revenue |  £79.3 million(2014)[2] |
| £23.2 million(2014)[2] | |
Number of employees | 300+[3] |
| Website | www |
Manx Telecom Ltd.(Manx:Chellinsh Vannin) is the primary provider ofbroadbandandtelecommunicationson theIsle of Man.It is owned by Basalt Infrastructure Partners LLP.[4][5]
History[edit]
Historically, the telephone system in the Isle of Man had been run as a monopoly by the BritishGeneral Post Office(GPO), and laterBritish Telecommunications(British Telecom or BT), and operated as part of theLiverpooltelephone district.
In 1985, theIsle of Man Governmentannounced that it would award a 20-year licence to operate the telephone system in atender process.As part of this process, in 1986 British Telecom created a Manx-registered subsidiary company,Manx Telecom,to bid for the tender. It was believed that a local identity and management would be more politically acceptable in the tendering process as they competed withCable & Wirelessto win the licence.
Manx Telecom won the tender, and commenced operations under the new identity from 1 January 1987.
On 17 November 2001, Manx Telecom became part of mmO2following the demerger ofBT Wireless's operations from BT Group. It was acquired byTelefónicain 2006.
On 4 June 2010, Manx Telecom was sold to UKprivate equityinvestorHgCapital(who were buying the majority stake), alongside telecoms management company CPS Partners. HG Capital indicated that theenterprise valueof the deal was £158.8 million ($232.5 million).
In 2014, it floated on theAIM market.[6]
On 9 May 2019private equityinvestor Basalt Investment Partners completed their acquisition of Manx Telecom.[4][5]
Operations[edit]
Manx Telecom operates fixed line and mobile networks, and data centres on the Isle of Man. The Global Solutions division operates outside of the Isle of Man through mobile virtual network operator (MVNO) and international roaming agreements.[7]
The mobile phone network operated by Manx Telecom had been used by O2as an environment for developing and testing new products and services prior to wider rollout. In December 2001, the company became the first telecommunications operator inEuropeto launch a live3Gnetwork. In November 2005, the company became the first in Europe to offer its customers anHSDPA(3.5G) service.[8][9]
Principal competitors[edit]
- Sure
- Wi-Manx
- Domicilium
- BlueWave Communications
See also[edit]
References[edit]
- ^"Manx Telecom Investors and Directors".Manxtelecom.Retrieved19 July2019.
- ^ab"Delivering Our Vision".Manxtelecom.31 December 2016.Retrieved23 February2017.
- ^"About The Company".Manxtelecom.Retrieved19 July2019.
- ^ab"Manx Telecom stronger with new owners, says CEO".Manxtelecom.Retrieved6 June2019.
- ^ab"£255m takeover of Manx Telecom sealed".iomtoday.co.im.Retrieved6 June2019.
- ^"Manx Telecom Plans Maiden Interim Dividend, Profit Hit By Write-Downs".Lse.co.uk.15 April 2014.
- ^"Delivering Our Vision".Manxtelecom.Retrieved23 February2017.
- ^"Manx Telecom Online".manx-telecom.Archived fromthe originalon 12 August 2003.Retrieved17 January2022.
- ^"British Telecom and Telefonica ownership".Manx Telecom.Retrieved23 February2017.
External links[edit]
- Official website
- Telefonica Sells Manx Telecom to Private Equity Groups
- Manx Telecom Stronger With New Owners Says CEO
