Manx Telecom PLC Anchor tenant for GDC Phase I (0852K)
14 April 2015 - 4:01PM
UK Regulatory
TIDMMANX
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."
-Ends-
For further enquiries, please contact:
Manx Telecom plc +44 (0) 1624 636400
Mike Dee, Chief Executive Officer
Gary Lamb, Chief Financial Officer
Liberum Capital (Nominated Adviser and Corporate
Broker) +44 (0)20 3100 2000
Steve Pearce
Steve Tredget
Oakley Capital (Financial Adviser) +44 (0) 20 7766 6900
Christian Maher
Victoria Boxall
Powerscourt Group (Public Relations) +44 (0) 20 7250 1446
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
END
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