JT Group and CVC DIF complete acquisition of Manx Telecom following final regulatory approval – Strengthening the Isle of Man’s Digital Future
Manx Telecom and JT Group, together with their strategic partner CVC DIF, are pleased to confirm that following all required regulatory approvals, the acquisition was formally completed on Friday 15th May.
This completion signals the beginning of an exciting new chapter for Manx Telecom and the Isle of Man’s digital future. The combination brings together two operators rooted in their local communities, supported by the sector expertise and long‑term investment strength of CVC DIF.
Daragh McDermott, CEO of JT Group, said: “We are delighted to complete this acquisition and formally bring two trusted telcos together. With the support of our strategic partner CVC DIF, we are in a strong position to accelerate investment in 5G, fibre and digital services across the Isle of Man, while continuing to grow OV and Synapse360. Our commitment to the Island, its people and its digital future remains central to everything we do.”
Gary Lamb, CEO of Manx Telecom, added: “The approval gives us the certainty to move forward with confidence. Working alongside JT and CVC DIF strengthens our ability to innovate, invest and continue delivering the high-quality service our community depends on.”
This strategic acquisition brings together two trusted operators with strong local foundations and expanding international reach. The combined group will serve customers in the Isle of Man, Jersey, Guernsey and across the globe.
The partnership will create the largest full-service telecoms provider across the Crown Dependencies, with a shared commitment to continue investing in resilient and secure, next-generation digital networks, including fibre, IoT platforms, 5G and managed services to support customers’ use of those networks. CVC DIF’s investment brings additional capital and sector expertise to support long-term growth.
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.”
Together, Manx Telecom Group, JT and CVC DIF are building a stronger, more connected future for the Crown Dependencies and beyond, with a focus on economic growth and innovation. This transaction marks the beginning of a new chapter focused on innovation, investment, and delivering long-term value for customers, communities, and partners.