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Jersey Telecom considers £500 million Manx Telecom buyout

Could Manx Telecom soon be Jersey-owned?

A company owned by private equity firm CVC Capital Partners is in talks to fund a £500 million buyout of the company, according to reports in the UK press.

The deal would see Jersey Telecom take control of MT and could go ahead within a matter of weeks.

Jersey Telecom is owned by the government of Jersey.

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