Acquisition of Manx Telecom Group
CVC DIF and Jersey Telecom are set to acquire Manx Telecom Group, the incumbent telecommunications provider on the Isle of Man, from Basalt Infrastructure Partners.
Manx Telecom Group is an integrated incumbent digital-infrastructure platform that provides broadband, fixed line, mobile, and secure data services to residential, business, and public sector customers on the Isle of Man.
- Founded: 1987
- Location: Isle of Man
- Services: Broadband, fixed line, mobile, and secure data services
The investment will be made through DIF Infrastructure VIII and is expected to close in Q4 of 2025, subject to customary closing conditions.
Basalt Infrastructure Partners is an investment advisor to infrastructure equity investment funds, focusing on mid-market investments in utilities, power, transport, and digital infrastructure in North America and Europe.
No direct quotes available in the given text.
Author's summary: CVC DIF and Jersey Telecom acquire Manx Telecom Group.
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