Manx Telecom Plc (AIM:MANX) - interesting business as cash is recycled into higher growth areas
The leading communication solutions provider on the Isle of Man, announced in-line interim results for the six months ended 30 June 2015. The growing Data Centre business looks interesting as it benefits from cash being thrown off the other lower growth operations.
The Group is the leading communication solutions provider on the Isle of Man (population approx. 86,000), 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 solutions to offshore customers. The Group has a record of innovation and was the first European operator to launch a 3G mobile service with 4G services were launched in the summer of 2014. Revenue in the 6 months grew a modest 0.8% to £39.8m and EBITDA was slightly higher than the…