Manx Telecom Plc made good progress last year with its strategy of strengthening its on-Island telecoms business.
Those are the headlines from the company’s annual results for the year ended December 31, 2018, which were announced today [March 13, 2019].
Manx Telecom CEO, Gary Lamb, commented: “2018 was another year of robust performance for Manx Telecom. Thanks to the hard work of our people, our on-Island telecoms business has remained stable – with a solid performance in fixed line, broadband and data services, and growth in mobile. Goshawk Communications has made good progress, not least with our recently branded UK proposition, called ‘Audacious’ which uses the same innovative technology behind our MT clearSound product. We remain positive in the outlook for the Group due to the solid underlying revenue, EBITDA and cash flow performance during the year, and are continuing to explore potential growth opportunities with the aim of identifying new products and services for a global audience.”
Manx Telecom Chairman, Kevin Walsh, said the company had presented a ‘solid set of full year results for 2018’ which demonstrated a ‘stable trading performance’. He added that the company’s strategic focus would continue to be on defending its core market position here on the Island by delivering high-quality customer service.
In addition to the launch of MT clearSound (which was a world first in the field of mobile technology) another 2018 operational highlight was progress with the ongoing roll-out of Fibre to the Premises (FTTP) with over 10% of the Island’s premises passed by the end of last year. There has been a 13.5% take up of the service to date.
For the full results announcement, go to https://www.manxtelecom.com/about/investors