Manx Telecom Ltd.
Manx: Chellinsh Vannin
TypeSubsidiary
IndustryTelecommunications
Founded1 January 1987 (1 January 1987)
(37 years ago)
Headquarters
Braddan
,
Isle of Man
Area served
Worldwide
Key people
Gary Lamb (CEO)
Kevin Walsh (Chairman) [1]
ServicesCommunications
Service Provider
RevenueIncrease£79.3 million (2014 (2014))[2]
Increase£23.2 million (2014 (2014))[2]
Number of employees
300+[3]
Websitewww.manxtelecom.com

Manx Telecom Ltd. (Manx: Chellinsh Vannin) is the primary provider of broadband and telecommunications on the Isle of Man. It is owned by Basalt Infrastructure Partners LLP.[4][5]

History

Historically, the telephone system in the Isle of Man had been run as a monopoly by the British General Post Office, and later British Telecommunications, and operated as part of the Liverpool telephone district.

In 1985, the Manx Government announced that it would award a 20-year licence to operate the telephone system in a tender 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 with Cable & Wireless to 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 mmO2 following the demerger of BT Wireless's operations from BT Group. It was acquired by Telefónica in 2006.

On 4 June 2010, Manx Telecom was sold to UK private equity investor HgCapital (who were buying the majority stake), alongside telecoms management company CPS Partners. HG Capital indicated that the enterprise value of the deal was £158.8 million ($232.5 million).

In 2014, it floated on the AIM market.[6]

On 9 May 2019 private equity investor Basalt Investment Partners completed their acquisition of Manx Telecom.[4][5]

Operations

Manx Telecom headquarters in the Isle of Man Business Park, Douglas

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 O2 as an environment for developing and testing new products and services prior to wider rollout. In December 2001, the company became the first telecommunications operator in Europe to launch a live 3G network. In November 2005, the company became the first in Europe to offer its customers an HSDPA (3.5G) service.[8][9]

Principal competitors

  • Sure
  • Wi-Manx
  • Domicilium
  • BlueWave Communications

See also

References

  1. ↑ "Manx Telecom Investors and Directors". Manxtelecom.com. Retrieved 19 July 2019.
  2. 1 2 "Delivering Our Vision". Manxtelecom.com. 31 December 2016. Retrieved 23 February 2017.
  3. ↑ "About The Company". Manxtelecom.com. Retrieved 19 July 2019.
  4. 1 2 "Manx Telecom stronger with new owners, says CEO". Manxtelecom.com. Retrieved 6 June 2019.
  5. 1 2 "£255m takeover of Manx Telecom sealed". www.iomtoday.co.im. Retrieved 6 June 2019.
  6. ↑ "Manx Telecom Plans Maiden Interim Dividend, Profit Hit By Write-Downs". Lse.co.uk. 15 April 2014.
  7. ↑ "Delivering Our Vision". Manxtelecom.com. Retrieved 23 February 2017.
  8. ↑ "Manx Telecom Online". manx-telecom.com. Archived from the original on 12 August 2003. Retrieved 17 January 2022.
  9. ↑ "British Telecom and Telefonica ownership". Manx Telecom. Retrieved 23 February 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.