Manx Telecom shares increase

Shares in Manx Telecom Plc have risen by more than 20 pence in the firm’s first month on the AIM.

Following an initial public offering at 142 pence, the Isle of Man telecommunications firm made their debut on London’s junior stock market on 10 February, with their share price climbing to 165 pence by 10 March.

Manx Telecom provide fixed line, broadband, mobile and data centre solutions to businesses, consumers and the public sector on the Isle of Man.

Formerly known as the Alternative Investment Market, the AIM is a sub-market of the main London Stock Exchange which allows smaller firms to float shares.

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