Report

Manx Telecom - Worth listening out for clearSound

In September, Manx Telecom (MT) subsidiary Goshawk announced the launch of clearSound (MTcS), an innovative mobile phone service for people with hearing needs. Following positive feedback from test groups, MT has signed a deal with BT/EE to launch the Goshawk proposition on their UK networks and it intends invest £10m on the launch over the next three years. This has a five-year target to attract 20% of the three million people in the UK with moderate to severe hearing loss. The recent sell off of MT shares, exacerbated by UK small-cap weakness, has exposed good value in the stock, now at a high 30% P/E discount to its peers.
Underlying
Manx Telecom

Manx Telecom provides communications solutions, focusing in technology and infrastructure. Co.'s segments are: Fixed Line, Broadband and Data, which provide fixed line voice, broadband and connectivity services; Mobile, which provide pre-paid and post-paid tariffs, supports inbound roaming traffic from international visitors and also sells mobile handsets and accessories; Global Solutions, which include its Smart SIM technology that provide users the ability to roam across multiple mobile networks on a single SIM; Data Centre, which provide co-location, managed hosting, cloud and recovery services to an international and local corporate client base; and Other, which include advertising.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Anna Bossong

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