17 Jul 2014 07:00
17 July 2014
Manx Telecom Plc
4G launch update
Manx Telecom Plc (AIM: MANX, the "Company"), the leading communication solutions provider on the Isle of Man, confirms that it will launch the Isle of Man's first 4G mobile network on 29 July 2014.
In addition, the Company also announces that cyclist Mark Cavendish MBE will be an official ambassador for Manx Telecom's 4G network. Cavendish will feature in advertising campaigns for the Company over the coming months and use the network when he is on the island.
The new 4G network, which is predicted to cover 95% of the Island's population, will enable customers to experience speeds up to seven times faster than on the company's 3G network and will have the added benefit of providing better 2G and 3G mobile coverage on the Isle of Man. The service will automatically be included in the tariff plans for Manx Telecom customers who are on a 'pay monthly' smartphone plan and with a 4G ready handset.
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About Manx Telecom
· Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector on the Isle of Man as well as a growing portfolio of innovative hosting and "Smart SIM" solutions to off-Island customers.
· Manx Telecom has a record of innovation, being the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service. 4G services will be launched in the summer of 2014, while the Company's high speed VDSL broadband service (Ultima) is available to over 80 per cent of homes on the Island.
· The Company has three data centres, two of which are Tier 3, plus international connectivity and its operations are business-critical to the economic strategy of the Isle of Man.
· One of the largest employers on the Island, Manx Telecom employs over 280 people. The company plays a major role in the wider community through a range of activities, including charitable donations, sponsorships, and corporate social responsibility initiatives.
· The company is proud to sponsor the Manx Telecom Parish Walk, Manx Telecom End2End Mountain Bike Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx Agricultural Show as well as other smaller events. Manx Telecom also donates annually to local causes through the company's "It's our Community" programme.
· The Isle of Man has a resilient and growing economy which has experienced 29 years of unbroken GDP growth. Unemployment is low at approximately 2.4 per cent, and there is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits.
· Manx Telecom is listed on the Alternative Investment Market of the London Stock Exchange with the ticker MANX.