JT Group, together with its strategic partner CVC DIF, has confirmed that following all required regulatory approvals, the acquisition of Manx Telecom was formally completed on Friday 15th May.
Daragh McDermott (pictured), CEO of JT Group, said: “We are delighted to complete this acquisition and formally bring two trusted telcos together. Working alongside our strategic partner CVC DIF, we now have the scale, capability and investment strength to accelerate next‐generation network upgrades across Jersey, Guernsey and the Isle of Man. Together, we will continue building resilient, secure and future‐ready digital infrastructure for our Islands.”
Andy Green, Chair of the JT Board, added: “The completion of the acquisition marks an important moment for JT, Manx Telecom and the communities we serve. This partnership is about building long‐term resilience and ensuring that the Crown Dependencies continue to have access to world‐class digital infrastructure. By bringing our organisations together — supported by the expertise and investment of CVC DIF — we are creating a stronger platform for innovation, growth and service excellence. I’m delighted to see this next phase begin, and I’m confident it will bring meaningful benefits to customers, businesses and the wider economies of our islands.”
Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF, said: “We are pleased to see the transaction complete and to formally begin our long‐term partnership with JT Group and Manx Telecom. Both organisations play vital roles in their local markets and bringing them together creates a strong foundation for future investment in digital infrastructure. Our focus now is on supporting the group as it accelerates the rollout of next‐generation networks across the Crown Dependencies and expands its enterprise, IoT and managed services capabilities internationally. We believe this partnership is well placed to create lasting value for customers, employees and the communities we serve.”
