Manx Telecom in line with expectations despite data centre decline

13th Jan 2017 08:46

(ShareCast News) - Isle of Man-based Manx Telecom said it has been trading in line with expectations, even with an expected revenue decline from the data centre business.The AIM-listed company said it had been trading in line with expectations in 2016, with cash flow supporting its progressive dividend policy.As anticipated, revenue levels in the data centre business were lower than 2015 due to a decline in low margin kit sales and some customer consolidation, but was largely offset by a return to "good levels of growth" in the global solutions business.The core domestic business of fixed line, broadband, data and mobile "remained solid" during the year ended 31 December.High speed broadband services now reach 93% of premises, and take up continues to expand with 40% of the broadband customer base now on a very-high-bit-rate digital subscriber line (VDSL) or VDSL+, while the 4G network continued to perform well and mobile subscriber numbers were up year-on-year.In December, the company agreed to provide connectivity to facilitate communications firm China Unicom's mobile and roaming product in the UK.Shares in Manx Telecom were down 0.5% to 198p at 1005 GMT.