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Solid results for Manx Telecom

Further ten million to be invested in Island

A solid set of results.

That's the view of Manx Telecom Chief Executive Officer Gary Lamb after the company posted a revenue increase of 0.4% to £79.6 million.

The news was announced at the London Stock Exchange - Manx Telecom is listed on the Alternative Investments Market

Cash generated from operations over the past year was just over £25 million which will be used for further investment, to service debts and pay a dividend to shareholders.

A further £10 million will be invested in the Island over the next year.

Gary Lamb says that's essential to keep pace in the quickly changing world of telecommunications:-

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