Manx Telecom's sale to a transatlantic investment firm is expected to be finalised today.
Basalt Investment Partners announced the £255 million deal last month and a court gave its approval last week.
Chief Minister Howard Quayle gave a statement to the House of Keys about the deal on Tuesday, saying Basalt wanted to invest in a new 5G network as well as fibreoptic.
He added government will be asking the company about its plans once the sale is complete.
Business appeal over thousands in unpaid bills
A business in Douglas is asking customers to pay their bills - as it chases more than £5,500 in outstanding accounts.
Pharmacy plans for former IOM Bank
A pharmacy's applied for planning permission to put signs up on a former bank in Peel.
Appeal after wood from van damages car
A man's appealing for information after a van driver's load damaged his partner's car.
Island part of union data breach investigation
The Island's information commissioner is taking part in an investigation into a huge data breach at a trade union.
Cracked pipe closes NSC pool
The main swimming pool at the National Sports Centre in Douglas has closed this morning.
Island updates arms export rules
The Island's updated its export controls to match the latest European and UK regulations.
Onchan Raceway to stay open with new lease
Onchan commissioners say Onchan's raceway will remain in operation after the company agreed to sign a new lease.
Jobcentre can't stop ads being doubled up
Treasury Minister Alex Allinson says there's no way of ensuring job ads in the Island's Jobcentre aren't doubling up.
