Manx Telecom PLC Upcoming launch of 80 Mbps superfast broadband
17 October 2014 - 3:51AM
RNS Non-Regulatory
TIDMMANX
Manx Telecom PLC
16 October 2014
Manx Telecom Plc
Upcoming launch of 80 Megabits per second superfast
broadband
Manx Telecom Plc (AIM: MANX; the "Company"), the leading
communication solutions provider on the Isle of Man, announces that
a new superfast fixed line broadband service will be available from
February next year. The service will initially be available to
around 50% of homes and businesses.
The new VDSL Plus service, which uses a new frequency on Manx
Telecom's existing fibre optic network, will deliver the fastest
fixed line broadband on the Island with speeds of up to 80 Megabits
per second (Mbps) download and up to 10Mbps upload.
Mike Dee, Manx Telecom Plc's Chief Executive Officer, said:
"VDSL Plus represents another massive leap forward in broadband
speeds and keeps the Isle of Man at the forefront of superfast
broadband availability. The increasing popularity of households
using multiple devices such as smartphones, tablets, games
consoles, laptops and internet-enabled TVs means real demand for
higher broadband speeds for home entertainment. The improved upload
speeds of VDSL Plus also means greater efficiency for the ever
increasing services and applications businesses use over their
broadband connection. This is another major boost for the Island's
status as a great place to live and do business and a result of our
long-term commitment to invest in new technologies like VDSL and
fibre connectivity."
Like all internet services, the availability of VDSL Plus is
dependent on the length of the copper line between the serving
equipment and the service users' premises. To achieve the new
higher speeds, lines to the premises must be 1km or less. The fact
that around 50% of homes and businesses on the Island will have
access to VDSL Plus from launch is due to Manx Telecom's early
investment in fibre optic cabling to street cabinets and basements
(FTTC & FTTB), bringing more homes and businesses within the
1km threshold.
-Ends-
For further enquiries, please contact: Powerscourt Group (Public Relations) +44 (0) 20 7250 1446
Juliet Clarke
Simon Compton
Andy Parnis
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 services launched in
the summer of 2014, while the Company's high speed VDSL broadband
service (Ultima) is available to over 80 per cent of homes on the
Island.
-- The Company has two Tier 3 data centres 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 over 280 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,
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
approximately 2.4 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
END
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