Basalt Sells Isle of Man Telecom Provider
CVC DIF has partnered with Jersey Telecom to acquire Manx Telecom from Basalt Infrastructure Partners.
Manx Telecom, founded in 1987, provides broadband, fixed line, mobile, and secure data services to customers on the Isle of Man.
- Investment made through DIF Infrastructure VIII fund
- Financial details not disclosed
No financial details were disclosed by CVC DIF.
CVC DIF is an infrastructure fund manager, and Jersey Telecom is a Channel Islands telecom infrastructure provider.
Author's summary: CVC DIF and Jersey Telecom acquire Manx Telecom.