JT Group and CVC DIF Form Strategic Partnership to Acquire Manx Telecom Group – Strengthening the Isle of Man’s Digital Future

Manx Telecom Group, the Isle of Man’s leading communications and digital infrastructure provider, and JT Group are merging to create a stronger, future-ready business following the signing of a definitive acquisition agreement. The transaction is supported by CVC DIF, the infrastructure strategy of global private markets manager CVC, and is subject to customary regulatory approvals.

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.

Gary Lamb, CEO of Manx Telecom Group, said: “We’ve always been proud to serve the Isle of Man, and this partnership marks an exciting new chapter, with JT sharing our core values and long-term vision. Working together with JT and CVC DIF, we’re in a strong position to accelerate innovation locally through 5G investment, as well as supporting the continued growth of our Group businesses OV in Global IoT and Synapse360 in Managed IT Services to deliver the high-quality service our customers expect.”

Daragh McDermott, CEO of JT Group, said: “This is a significant milestone for JT Group and Manx Telecom Group. We’re bringing together two operators with strong community ties and a shared ambition to invest in the future, including accelerating the rollout of 5G connectivity across the Isle of Man. With CVC DIF as our strategic partner, we’re building a stronger platform for innovation and growth - one that benefits customers, employees, and the wider Isle of Man community.”

Tom Goossens, Partner and Co-Head of the DIF Infrastructure fund strategy at CVC DIF, said: “Our investment in Manx Telecom Group reflects our conviction in the long-term value of resilient, locally rooted digital infrastructure. As the Isle of Man’s incumbent operator, Manx Telecom Group offers a strong platform for innovation and growth, and we are excited to support its next phase of development. The partnership with JT Group further builds on this foundation, enabling us to scale operational capabilities across the Crown Dependencies and beyond. Together, we aim to accelerate investment in next-generation networks and deliver enhanced connectivity and enterprise services to customers.”

Customers across the Crown Dependencies can look forward to broader service options and continued investment in next-generation technologies. Both Manx Telecom and JT remain committed to delivering high-quality, locally focused service while evolving to meet future needs.

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.