At what enterprise value was MANX TELECOM acquired in 2025?

You can find the full valuation details of MANX TELECOM on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MANX TELECOM when it was acquired by JT GROUP / CVC?

The estimated EV/EBITDA multiple for MANX TELECOM is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was MANX TELECOM acquired by JT GROUP / CVC?

MANX TELECOM was acquired by JT GROUP / CVC in 2025.

What was the EBITDA of MANX TELECOM during the acquisition?

MANX TELECOM's EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MANX TELECOM acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MANX TELECOM deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.jtglobal.com/global/jt-group-and-cvc-dif-form-strategic-partnership-to-acquire-manx-telecom-group-creating-largest-crown-dependencies-telecom-provider/

← DATABASE

Home Database TMT (Tech, Media, Telecom)MANX TELECOM

10/2025

MANX TELECOM acquired by JT GROUP & CVC

UNITED KINGDOM Telecom / Operators EV 500M - 1.5b GBP

Context

Telecom operator JT Group (Jersey Telecom), a strategic national asset wholly owned by the States of Jersey, has partnered with private markets investor CVC DIF (the dedicated infrastructure strategy of CVC) to complete the acquisition of Manx Telecom Group. The digital infrastructure platform was acquired from funds managed by Basalt Infrastructure Partners LLP. Originally agreed upon in October 2025, the transaction secured all customary regulatory clearances and successfully closed in May 2026. This landmark consolidation creates the largest full-service telecommunications provider operating across the UK Crown Dependencies of Jersey, Guernsey, and the Isle of Man. The strategic buyout brings together two highly trusted, locally rooted operators to establish a powerful joint platform for international growth and innovation. The partnership with CVC DIF injects institutional capital and deep sector expertise to support long-term infrastructure investment. The combined scale enables the group to accelerate next-generation network upgrades—specifically targeting the commercial expansion of 5G, fiber rollouts, IoT platforms, and sophisticated managed services.

In the past, the company went through several major transactions, notably an IPO in 2014 and an LBO with Basalt Infrastructure Partners in 2019. These successive operations underscore the strong attractiveness of the company's business model.

MANX TELECOM, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Manx Telecom is the undisputed incumbent fixed and mobile telecom operator on the Isle of Man. Operating as a former monopoly, the business provides mission-critical telecommunication and data services to a broad base of commercial and consumer clients. Renowned for its technological leadership, Manx Telecom was the first European operator to launch a live 3G network and the continent's first commercial HSDPA service. Supported by a skilled workforce of 300 professionals, the platform boasts highly resilient core operations while successfully scaling rapidly growing, high-margin niche off-island voice and data hosting divisions.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with MANX TELECOM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2019	BASALT INFRASTRUCTURE PARTNERS	MANX TELECOM	UNITED KINGDOM	Telecom	Infrastructure fund manager Basalt Infrastructure Partners, acting through its newly incorporated acquisition vehicle Kelion Bidco Limited, has reached a definitive agreement to acquire the entire issued and to be issued share capital of Manx Telecom plc
02/2014	PUBLIC MARKETS (IPO)	MANX TELECOM	UNITED KINGDOM	Telecom	Private equity firm HgCapital, in close coordination with joint venture partner CPS Partners, has successfully executed the full exit of its investment in Manx Telecom through an initial public offering (IPO)
06/2010	HG CAPITAL	MANX TELECOM	UNITED KINGDOM	Telecom	European sector-focused private equity firm HgCapital has successfully agreed to acquire a majority equity stake in Manx Telecom, previously a wholly owned subsidiary of Telefónica. The buyout was executed alongside CPS Partners, a specialist international telecommunications management company

REFERENCES

Valuation range: EV 500M - 1.5b GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MANX TELECOM by JT GROUP / CVC are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: manx telecom

Acquirer: jt group / cvc