Manx Telecom PLC Anchor tenant for GDC Phase I (0852K)

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RNS Number : 0852K

Manx Telecom PLC

14 April 2015

14 April 2015

Manx Telecom Plc

Isle of Man Government confirmed as anchor tenant of Greenhill Data Centre Phase I

Manx Telecom Plc (AIM:MANX; the "Company"), the leading communication solutions provider on the Isle of Man, announces that the Isle of Man Government is the anchor tenant for Phase 1 of its Greenhill Data Centre ("GDC").

Phase 1 of the GDC, which is the Company's third data centre, created an additional 100 racks of storage space when it was opened in March 2014 at a cost of GBP3.5m. The centre already provides hosting and managed services to a variety of sectors including eGaming, financial services and those requiring access to big data.

After a competitive tender, the Government signed a five year contract from 1 February 2015, which saw it take 25 racks at the GDC to support a variety of front-line Government services. This agreement became operational in March 2015 after a complex and successful migration from existing Government premises.

In addition to the agreement for Phase 1 at the GDC, the Government has re-contracted from 1 September 2015 for the 25 racks it already occupies at the Company's data centre in Douglas North. This contract will also run for a period of five years.

The Company is also looking to develop Phase II of the GDC data centre later in 2015, following interest from another prospective anchor tenant.

Mike Dee, CEO of Manx Telecom, said,

"This agreement with the Island's Government is the highest form of validation for the quality and security that we can provide to customers in both the public and private sectors. Our data centre operations continue to represent an important area of growth for Manx Telecom and we look forward to developing Phase 2 of the Greenhill centre later this year."

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For further enquiries, please contact:

 
 Manx Telecom plc                                    [phone] 
 Mike Dee, Chief Executive Officer 
  Gary Lamb, Chief Financial Officer 
 Liberum Capital (Nominated Adviser and Corporate 
  Broker)                                            [phone] 
 Steve Pearce 
  Steve Tredget 
 Oakley Capital (Financial Adviser)                  [phone] 
 Christian Maher 
  Victoria Boxall 
 Powerscourt Group (Public Relations)                [phone] 
 Juliet Callaghan 
  Simon Compton 
  Carmen Murray 
 

About Manx Telecom

-- Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector on the Isle of Man as well as a growing portfolio of innovative hosting and "Smart SIM" solutions to off-Island customers.

-- Manx Telecom has a record of innovation, being the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service. 4G service launched in the summer of 2014, and it is now available to contract and pre-pay customers with 99% population coverage. The Company's high speed VDSL broadband service (Ultima) is available to 87 per cent of homes on the Island. A VDSL Plus service launched in February 2015.

-- The Company has three data centres (two of which are Tier 3) plus international connectivity and its operations are business-critical to the economic strategy of the Isle of Man.

-- One of the largest employers on the Island, Manx Telecom employs nearly 300 people. The company plays a major role in the wider community through a range of activities, including charitable donations, sponsorships, and corporate social responsibility initiatives.

-- The company is proud to sponsor the Manx Telecom Parish Walk, Tough Mann Adventure Challenge, Manx Telecom End2End Mountain Bike Challenge, Team Manx Telecom (Manx Road Club) and Royal Manx Agricultural Show as well as other smaller events. Manx Telecom also donates annually to local causes through the company's "It's our Community" programme.

-- The Isle of Man has a resilient and growing economy which has experienced 29 years of unbroken GDP growth. Unemployment is low at 2.0 per cent, and there is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits.

-- Manx Telecom is listed on the Alternative Investment Market of the London Stock Exchange with the ticker MANX.

This information is provided by RNS

The company news service from the London Stock Exchange

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