Manx Telecom interim trading in line with expectations

15th Jul 2015 11:05

(ShareCast News) - Telecoms group Manx Telecom said trading in the first half of 2015 was in line with expectations.The Isle of Man-based group said its core domestic business had performed strongly over the first six months of the year, driven by the launch of new broadband products and by the expansion of its 4G mobile service, which now covers 99% of the island.The London-listed company reported solid growth in its machine-to-machine, critical connection and traveller markets within its global solution division, adding it had renegotiated its £80m credit facility on improved terms and has extended the term of the loan to 2020.Manx shares were up 0.26% to 196.00p at 1054 BST on Wednesday.