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Manx Telecom provides telecommunication and data services to commercial and consumer customers. In addition to its core on-island activities, the company has developed high quality data hosting operations and a niche off-island mobile applications which are delivering further growth. Over three and a half years, we worked with management to transform the business.

Manx Telecom provides telecommunication and data services to commercial and consumer customers. In addition to its core on-island activities, the company has developed high quality data hosting operations and niche off-island mobile applications, which are delivering further growth.

Manx Telecom enjoys a leading position and a regulatory environment that encourages infrastructure investment in addition to price competitiveness. We felt the business was well-managed but presented opportunities for operational improvements to help maximise growth.

We, along with CPS Partners and management, acquired Manx Telecom from Telefonica in the summer of 2010.

Having built an experienced management team we worked in partnership with CPS Partner, and this team, to drive accelerated revenue growth. This was done by focusing on offering high quality, attractively priced packages to customers, as well as taking steps to improve cost control processes, within the business.

These changes helped to deliver a strong profit growth. Manx Telecom also remained highly cash generative, throughout our ownership, facilitating a recapitalisation of the business in March 2013. In February 2014, we announced the successful listing of Manx Telecom on the AIM.

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