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, logo = 
, caption = , type = Subsidiary , location_city = Braddan , location_country =
Kevin Walsh , industry = Telecommunications , services =
( years ago) Manx Telecom Ltd. ( gv, Chellinsh Vannin) is the primary provider of
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.
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
Telefonica Sells Manx Telecom to Private Equity Groups
Manx Telecom Stronger With New Owners Says CEO
{{BT Group Communications in the Isle of Man Companies of the Isle of Man
, caption = , type = Subsidiary , location_city = Braddan , location_country =
Isle of Man
)
, anthem = " O Land of Our Birth"
, image = Isle of Man by Sentinel-2.jpg
, image_map = Europe-Isle_of_Man.svg
, mapsize =
, map_alt = Location of the Isle of Man in Europe
, map_caption = Location of the Isle of Man (green)
in Europ ...
, area_served = Worldwide
, key_people = Gary Lamb Kevin Walsh , industry = Telecommunications , services =
Communication
Communication (from la, communicare, meaning "to share" or "to be in relation with") is usually defined as the transmission of information. The term may also refer to the message communicated through such transmissions or the field of inqu ...
sService Provider
A service provider (SP) is an organization that provides services, such as consulting, legal, real estate, communications, storage, and processing services, to other organizations. Although a service provider can be a sub-unit of the organization t ...
, revenue = £79.3 million
, operating_income = £23.2 million
, num_employees = 300+
, homepage =
, foundation = ( years ago) Manx Telecom Ltd. ( gv, Chellinsh Vannin) is the primary provider of
broadband
In telecommunications, broadband is wide bandwidth data transmission which transports multiple signals at a wide range of frequencies and Internet traffic types, that enables messages to be sent simultaneously, used in fast internet connections. ...
and telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than tha ...
s on the Isle of Man
)
, anthem = " O Land of Our Birth"
, image = Isle of Man by Sentinel-2.jpg
, image_map = Europe-Isle_of_Man.svg
, mapsize =
, map_alt = Location of the Isle of Man in Europe
, map_caption = Location of the Isle of Man (green)
in Europ ...
. It is owned by Basalt Infrastructure Partners LLP.
History
Historically, the telephone system in the Isle of Man had been run as a monopoly by the BritishGeneral Post Office
The General Post Office (GPO) was the state mail, postal system and telecommunications carrier of the United Kingdom until 1969. Before the Acts of Union 1707, it was the postal system of the Kingdom of England, established by Charles II of En ...
, and later British Telecommunications, and operated as part of the Liverpool
Liverpool is a City status in the United Kingdom, city and metropolitan borough in Merseyside, England. With a population of in 2019, it is the List of English districts by population, 10th largest English district by population and its E ...
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
Telefónica, S.A. () is a Spanish Multinational corporation, multinational telecommunications company headquartered in Madrid, Spain. It is List of telephone operating companies, one of the largest telephone operators and List of mobile network ...
in .
On 4 June 2010 Manx Telecom was sold to UK private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
investor HgCapital
Hg is a private equity firm targeting technology buyouts primarily in Europe and the US. Hg focuses on investments in technology and services sectors. It invests out of its 8th £2.5 billion core fund and its 2nd £575 million Mercury fund, target ...
(who were buying the majority stake), alongside telecoms management company CPS Partners. HG Capital indicated that the enterprise value Enterprise value (EV), total enterprise value (TEV), or firm value (FV) is an economic measure reflecting the market value of a business (i.e. as distinct from market price). It is a sum of claims by all claimants: creditors (secured and unsecured) ...
of the deal was £158.8 million ($232.5 million).
In 2014 it floated on the AIM market.
On 9 May 2019 private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
investor Basalt Investment Partners completed their acquisition of Manx Telecom.
Operations
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.
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
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located enti ...
to launch a live 3G network. In November 2005, the company became the first in Europe to offer its customers an HSDPA
High Speed Packet Access (HSPA) is an amalgamation of two mobile protocols—High Speed Downlink Packet Access (HSDPA) and High Speed Uplink Packet Access (HSUPA)—that extends and improves the performance of existing 3G mobile telecommunica ...
(3.5G) service.
Principal competitors
*Sure
SuRe (The Standard for Sustainable and Resilient Infrastructure) is a global voluntary standard which integrates key criteria of sustainability and resilience into infrastructure development and upgrade. It has been developed by the Swiss Global In ...
* Wi-Manx
* Domicilium
* BlueWave Communications
See also
* Communications Commission * Communications on the Isle of Man * Manx Telecomputer BusReferences
External links
*Telefonica Sells Manx Telecom to Private Equity Groups
Manx Telecom Stronger With New Owners Says CEO
{{BT Group Communications in the Isle of Man Companies of the Isle of Man