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On 17 November 2001 Manx Telecom became part of mmO < sub > 2 </ sub > following the demerger of BT Wireless's operations from BT Group, and the company was owned by Telefónica.
On 4 June 2010 Manx Telecom was sold by Telefónica to UK private equity investor HgCapital ( who were buying the majority stake ), alongside telecoms management company CPS Partners

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