MANX Manx Telecom

TIDMMANX

Manx Telecom PLC

12 July 2017

12 July 2017

Manx Telecom Plc (the "Company")

Fibre to the premise broadband investment

Manx Telecom Plc (AIM: MANX), the leading communication solutions provider on the Isle of Man, announces that it is prioritising further investment in fibre optic cabling and the latest broadband technology that will bring new download speeds of 1Gigabit per second to selected homes and businesses across the Island later this year.

The initial ultrafast fibre broadband FTTP roll-out will begin during the second half of 2017 to 77 locations, covering key business districts and industrial estates across the Island. The new service will provide download speed options of up to 1Gbps and upload speeds of up to 200Mbps.

The project will also see the improvement of the Company's current superfast fibre broadband (VDSL+) service, increasing speeds from 80Mgbps to up to 100 Mgbps and the launch of a new faster service, providing download speeds of up to 200Mgbps.

VDSL is available to 93% of the population with the service experiencing 45% penetration. There continues to be strong levels of take up for VDSL+ which is available to 73% of the population.

Kevin Paige, Chief Technology and Information Officer at Manx Telecom, said: "In addition to GBP10million invested in fibre broadband since 2011, we are pleased to announce further investment in our current broadband service through the delivery of the latest speed enhancing technologies. We are also formally launching our Ultrafast Fibre Broadband service via FTTP technology which continues to build on our goal of extending our fibre network, and the ultimate extension of that strategy is to provide fibre directly into the homes and businesses on the Island."

For further enquiries, please contact:

 
                                         +44 (0) 1624 
 Manx Telecom plc                         63 6100 
 Kevin Paige, CITO 
 
                                         +44 (0) 20 7250 
 Powerscourt Group (Public Relations)     1446 
 Juliet Callaghan 
  Simon Compton 
 

About Manx Telecom

-- Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector on the Isle of Man as well as a growing portfolio of innovative hosting and "Smart SIM" solutions to off-Island customers.

-- Manx Telecom has a record of innovation, being the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service. 4G service launched in the summer of 2014, and it is now available to contract and pre-pay customers with 99% population coverage. The Company's high speed VDSL broadband service (Ultima) is available to 93 per cent of homes on the Island. A VDSL Plus service launched in February 2015.

-- The Company has three data centres (two of which are Tier 3 designed) plus international connectivity and its operations are business-critical to the economic strategy of the Isle of Man.

-- One of the largest employers on the Island, Manx Telecom employs approximately 300 people. The company plays a major role in the wider community through a range of activities, including charitable donations, sponsorships, and corporate social responsibility initiatives.

-- The company is proud to sponsor the Manx Telecom Parish Walk, Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike Challenge, Team Manx Telecom (Manx Road Club), and Royal Manx Agricultural Show as well as other smaller events. Manx Telecom also donates annually to local causes through the company's "It's our Community" programme.

-- The Isle of Man has a resilient and growing economy which has experienced 31 years of unbroken GDP growth. Unemployment is low at 1.0 per cent, and there is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits.

-- Manx Telecom is listed on the Alternative Investment Market of the London Stock Exchange with the ticker MANX.

This information is provided by RNS

The company news service from the London Stock Exchange

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