• Manx Telecom operates the island’s sole fibre and copper networks, is the island’s #1 telecom operator, and runs two Tier III data centres.
• The partnership with CVC DIF and Jersey Telecom will support Manx Telecom’s continued growth and investment in next-generation networks.
CVC DIF, the infrastructure strategy of the leading global private markets manager CVC, and Jersey Telecom (“JT”), the leading telecom infrastructure provider in the Channel Islands, have partnered to acquire Manx Telecom Group (“Manx”), the incumbent telecommunications provider on the Isle of Man, from funds managed by Basalt Infrastructure Partners LLP (“Basalt”). The investment will be made through DIF Infrastructure VIII and is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Founded in 1987 and headquartered in the Isle of Man, Manx Telecom is the incumbent digital-infrastructure platform on the island, offering broadband, fixed line, mobile, and secure data services to residential, business, and public sector customers. With a strong heritage and a commitment to innovation, Manx Telecom also empowers global connectivity through its IoT and data centre hosting solutions. The company is dedicated to supporting the Isle of Man’s digital economy and maintaining its position as a centre of excellence for technology and communications.
JT is a telecommunications provider owned by The States of Jersey and headquartered in St Helier. With a legacy of innovation and community service, JT delivers advanced connectivity, mobile, broadband, and enterprise solutions across the Channel Islands and internationally. JT is committed to building resilient digital infrastructure, supporting economic growth, and enabling the future of smart technologies through strategic investment in fibre, 5G, and IoT platforms.
This acquisition will benefit from the combined knowledge and expertise of two leading operators, each with strong local foundations and expanding international reach. With CVC DIF’s infrastructure expertise and capital support, JT and Manx Telecom will remain at the forefront of next-generation network technology and continue scaling their enterprise services.
Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF, commented: “Our investment in Manx Telecom reflects our conviction in the long-term value of resilient, locally rooted digital infrastructure. As the Isle of Man’s incumbent operator, Manx offers a strong platform for innovation and growth, and we are excited to support its next phase of development. The partnership with Jersey Telecom further builds on this foundation, enabling us to scale operational capabilities across the Crown Dependencies and beyond. Together, we aim to accelerate investment in next-generation networks and deliver enhanced connectivity and enterprise services to customers.”
Our investment in Manx Telecom reflects our conviction in the long-term value of resilient, locally rooted digital infrastructure
Tom Goossens Partner and Co-Head of the DIF Infrastructure fund strategy
Gary Lamb, CEO of Manx Telecom Group, added: “We have always been proud to serve the Isle of Man, and this partnership marks an exciting new chapter with Jersey Telecom sharing our core values and long-term vision. With their support and CVC DIF’s experience and track record in the telecoms sector, we are in a strong position to accelerate innovation and continue delivering the high-quality service our customers expect.”
Daragh McDermott, CEO of JT Group, added: “This marks a major step forward for JT Group. With the local expertise of Manx Telecom and the deep sector experience of CVC DIF, we are building a scalable and powerful platform for innovation and international expansion—one that combines local expertise with global ambition to better serve our customers across the Crown Dependencies and beyond.”
John Hanna, Managing Partner at Basalt, added: “It has been a great experience to support the growth of Manx Telecom since our acquisition in 2019. Today, Manx Telecom is well positioned for the future with a near fully deployed fibre network on the Isle of Man. We are excited to see the company’s next phase of development in partnership with CVC DIF and Jersey Telecom.”