Our values are the most important behaviours and attitudes that our employees aspire to in their day to day working lives in order to achieve their goals.

Manx Telecom Executive Team

Gary Lamb, Chief Executive Officer

Gary Lamb joined Manx Telecom in October 2011 as Chief Financial Officer and, in July 2015, was promoted to Chief Executive Officer.  Gary has led the company through a London Stock Exchange listing and a subsequent delisting and sale to Basalt Infrastructure.  Gary is passionate about delivering the company’s vision to be the first choice for our customers, best choice for our community and environment.

In addition, Gary holds senior roles with other leading companies based on the Island. He is Chair of Strix Group plc, a global leader in the design, manufacture and supply of kettle safety controls and water filtration, and Non-Executive Founder Director of Bladon Micro Turbine Ltd, specialists in microturbine technology design and manufacture. 

Gary is a Board member of Digital Isle of Man, delivering a strategy to support sustainable economic growth and establishing the Isle of Man as a centre for excellence and innovation for digital industries. He is also Chair of Motiv8, an established local charity which supports individuals and families who are impacted by various addictions.

Iarla Hughes, Chief Financial Officer

Iarla joined Manx Telecom in November 2018 having previously held the position of Group Chief Financial Officer & Company Secretary of IAC LLP, a private equity owned Global Aviation refurbishment company. Iarla has a wide range of global telecommunications experience having held various senior Finance Director positions at Vodafone, Cable & Wireless and Digicel. Iarla is a qualified accountant (ACCA).

Hugo van Zyl, Chief Technology Officer

Hugo joined Manx Telecom in January 2022, moving from his native South Africa where he held a number of senior leadership positions, including Chief Technology and Systems Officer with Telkom’s wholesale and networks division, Openserve and, most recently, Managing Executive for Mobile Networks in Telkom’s consumer division. With more than 20 years’ experience in the telecoms industry, Hugo began his career after graduating with a Master’s Degree in Electrical and Electronic Engineering from the University of Johannesburg.

About Basalt Infrastructure Partners

Basalt In Numbers

Basalt Infrastructure Partners LLP (Basalt) is an independent infrastructure investment firm, with a transatlantic focus on mid-market infrastructure with a differentiated approach to deal sourcing. 

Target Sectors

Target Sectors

Basalt focuses on the North American and European mid market infrastructure sectors of utility, energy and transportation. Basalt is seeking low volatility assets that are either in the operational phase or in late stage construction projects that when complete exhibit traditional infrastructure characteristics. Basalt investments typically exhibit the following characteristics:

Low volatilty; limited correlation with other asset classes
  • Operate on a largely uncorrelated cycle to other asset classes
  • Diversify even the most mature portfolio
Opportunity for de-risking
  • Provide the scope for Basalt derisking of cash flows over hold period
Provision of essential services
  • Foundation for basic, irreplaceable public services, sometimes regulated
  • Benefit from relatively inelastic demand
Sustainable long-term, inflation-linked cash-flows
  • Predictable long-term cash flows; typically with medium to long term contracts
  • Stable, inflation linked revenues
  • Low market risk
High barriers to entry
  • Capital intensive assets which limit the number of natural competitors
  • Strong operational experience needed to successfully manage assets
High Operating Margins
  • Relatively low on-going variable operational and maintenance expenses