A £255million deal to sell Manx Telecom to a transatlantic investment firm has been completed.
The buyout by Basalt Infrastructure Partners was announced last month with a court giving its approval last week.
Manx Telecom Chief Executive, Gary Lamb, says the acquisition is a massive vote of confidence in Manx Telecom and its future.
Meanwhile, Basalt partner, Steven Lowry, added the organisation looks forward to working with MT to support the company and its ambitions.
Book your place for graduate career fair
The countdown is on to the Island's largest graduate career fair next month!
Bank deposits rising, says regulator
The amount of money deposited in Island banks has risen by nearly two billion over the past two years, according to data from the Island's financial regulator.
Island maintains 'medium high' risk level for money laundering
The government's released a new national money laundering risk assessment for the Island.
Bank lending rises on Island
Total lending by Island banks reached nearly 11 billion by the end of last year.
New motorsports bar advertises for staff in countdown to TT
A new motorsports bar in Douglas has begun advertising for staff.
Adult learning festival heading to Douglas
You can now book your free tickets for this year's Adult Learning Festival.
New cattle tracing system brought in
The first Manx calf has been registered with a new online tracing system, in what government's calling a major milestone for the farming industry.
Port Erin restaurant's planning application for new door
An arcade and restaurant in the south of the Island could be in line for work, if new plans are approved.
