15th Jul 2015 07:52
LONDON (Alliance News) - Isle of Man-based telecommunications company Manx Telecom PLC on Wednesday said trading in the first half of 2015 was in line with its expectations.
Manx said its core domestic business performed solidly over the period, with additional broadband products launched and the expansion of its 4G mobile service expanded to cover 99% of the island.
The group is seeing good growth in its machine-to-machine, critical connection and traveller markets within its Global Solution division, which has helped to offset softer performances from its wholesale voice and SMS revenue.
Manx also said it has renegotiated its GBP80 million credit facility on improved terms and has extended the term of the loan to 2020.
Shares in Manx were up 0.3% to 196.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MANX.L