Latest news with #ManxTelecom
Sky News
3 days ago
- Business
- Sky News
CVC Capital backs £500m Jersey bid for Manx Telecom
An infrastructure investor owned by the private equity giant CVC Capital Partners is in talks to back a £500m takeover of Manx Telecom in a deal that unites the Crown Dependencies' communications providers. Sky News has learnt that CVC DIF is being lined up to help finance a takeover of Manx Telecom by JT Group, which owns Jersey Telecom. A deal could be agreed within a matter of weeks, according to telecoms industry sources. CVC DIF's involvement in the prospective deal comes seven months after JT Group was reported to have held an earlier set of talks aimed at taking control of Manx Telecom. The Isle of Man's principal telecoms and broadband service provider is owned by Basalt Infrastructure Partners following a deal struck in 2019. Founded in 1888, Jersey Telecom is owned by the island's government. It claims to have been the world's first telecoms company to offer 100% fibre-to-the-home and businesses for every broadband user. The precise details of its financing partnership with CVC DIF were unclear on Wednesday. A spokesman for CVC, whose private equity investments include Six Nations rugby and the insurance company Domestic & General, declined to comment.
Yahoo
04-05-2025
- Sport
- Yahoo
Entries for 2025 Parish Walk set to close
Anybody wanting to take part in this year's Parish Walk on the Isle of Man must submit their entry before Monday. The annual challenge sees competitors set off from the National Sport Centre at 08:00 BST to attempt to complete the 85-mile (137km) route covering the island's 17 parishes within 24 hours. Applications to participate in the walk on 21 and 22 June will close a minute after 23:59 on Sunday. Organisers Manx Telecom (MT) said more than 1,000 people had already signed up for this year's event. The walk began at the turn of the 20th Century as a competition to see who could walk the furthest. The first organised walk took place in 1913 but a formal route was not set until the 1960s. MT said the Parish Walk provided an opportunity for participants to "challenge themselves, whether their aim is to reach one parish or complete the full 85-mile route within the 24-hour time limit". Entries opened in December and can be submitted online. The record completion time for the event is 14 hours 40 minutes, set by Richard Gerrard in 2015. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X. Entries open for annual 24-hour Parish Walk More than 1,000 take on annual Parish Walk Parish Walk
BBC News
04-05-2025
- Sport
- BBC News
Isle of Man Parish Walk 2025: Entries set to close
Anybody wanting to take part in this year's Parish Walk on the Isle of Man must submit their entry before annual challenge sees competitors set off from the National Sport Centre at 08:00 BST to attempt to complete the 85-mile (137km) route covering the island's 17 parishes within 24 to participate in the walk on 21 and 22 June will close a minute after 23:59 on Manx Telecom (MT) said more than 1,000 people had already signed up for this year's event. The walk began at the turn of the 20th Century as a competition to see who could walk the first organised walk took place in 1913 but a formal route was not set until the said the Parish Walk provided an opportunity for participants to "challenge themselves, whether their aim is to reach one parish or complete the full 85-mile route within the 24-hour time limit".Entries opened in December and can be submitted record completion time for the event is 14 hours 40 minutes, set by Richard Gerrard in 2015. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
BBC News
30-04-2025
- Business
- BBC News
Drop-in session in north of Isle of Man on copper switch-off
People in the regions that will be the first to have the copper broadband network disconnected have been invited to a information session about switching to Future Ready drop-in event, hosted by Manx Telecom (MT) as part of its roll out of fibre broadband on the island, is at the Sulby Community Hall from 13:00 to 17:00 BST. Zones one and two of the switch-off programme cover Kirk Michael, Foxdale, St John's, Andreas, Ballaugh, Bride, Jurby and community partner Josh Radcliffe said the event was designed to help residents "feel comfortable and informed about their broadband service". Questions or concerns The session was the first of several as the firm continues to "progress with our island-wide copper to fibre transition", he December, concerns were raised about the potential effect of the copper switch-off on vulnerable customers who use analogue carephones, in particular older devices which use phone March those in zones one and two were invited to transfer their services from the old network, with the switch-off programme in those areas set to take about 12 months. The firm said consumers within the region who were within easy reach of alternative services, did not require additional support, did not have specialist needs, and were likely to be straightforward would be transitioned drop-in session was an opportunity for residents to discuss any questions or concerns they may have about the upcoming switch-off, MT entire copper network is set to be switched off by firm said the faster broadband was now available to about 92% of homes and businesses, with more than half of the people on the Isle of Man now using the infrastructure. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
