, logo = Manx telecom new logo

, caption = , type =

Subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

, location_city =

Braddan Braddan ( gv, Braddan) is one of the seventeen parishes of the Isle of Man. It is located on the east of the island (part of the traditional ''South Side'' division) in the sheading of Middle. Administratively, a small part of the historic p ...

, 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 Europe ...

, 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 inquir ...

Service 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 that fe ...

s on the

. 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 British

General Post Office The General Post Office (GPO) was the state 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 in 1660. ...

, and later

British Telecommunications BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, bro ...

, and operated as part of the

Liverpool Liverpool is a city and metropolitan borough in Merseyside, England. With a population of in 2019, it is the 10th largest English district by population and its metropolitan area is the fifth largest in the United Kingdom, with a popul ...

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 telecommunications company headquartered in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadba ...

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 ty ...

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

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 Continent#Subcontinents, subcontinent of Eurasia ...

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 telecommunicat ...

(3.5G) service.

Principal competitors

* Sure * Wi-Manx * Domicilium * BlueWave Communications

References

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

History

Operations

Principal competitors

See also

References

External links