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.
King praises Island's beauty during Tynwald address
King Charles has addressed the Island's parliament in his first stop of today's royal visit.
King Charles has arrived at Tynwald, in his first visit to the Island as monarch.
Government public counters closed because of king's visit
The government says public counters at its main offices in the capital will be closed today.
Reduced MER service as Island braces for King's visit
The Manx Electric Railway says it's running a reduced service today.
Public Health issues advice on staying cool in heatwave
Public Health has shared advice on how to keep cool during the summer heatwave.
Keys to sit after royal visit this afternoon
The House of Keys will sit this afternoon, following a royal visit to Tynwald.
Bus services to divert for king's visit
Bus Vannin says there's a royal reason behind some of its services diverting today.
Next to stay open after new deal reached
The Island's branch of Next is going to stay open, as a deal with the shop's landlord has been reached.
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