Acquisition of Manx Telecom Group
CVC DIF and Jersey Telecom are set to acquire Manx Telecom Group from Basalt Infrastructure Partners.
Manx Telecom Group is an integrated incumbent digital-infrastructure platform on the Isle of Man, providing services including broadband, fixed line, mobile, and secure data services.
- Founded: 1987
- Location: Isle of Man
- Services: Broadband, fixed line, mobile, secure data services
- Customers: Residential, business, public sector
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 focusing on mid-market investments in utilities, power, transport, and digital infrastructure in North America and Europe.
No comment is available from the companies.
Author's summary: CVC and Jersey Telecom acquire Manx Telecom Group.
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