Acquisition of Manx Telecom Trading Limited by Dunlop Bidco Limited: notice of final order
Published 22 April 2026
1. Following a detailed national security assessment, the Chancellor of the Duchy of Lancaster has made a final order pursuant to section 26 of the National Security and Investment Act 2021 (“the Act”), which comes into force on 22 April 2026.
2. The Parties who are subject to the order are:
i. Manx Telecom Trading Limited (‘Manx Telecom’); and
ii. Dunlop Bidco Limited (‘Dunlop Bidco’)
together with any subsidiary, controlled entity or affiliate of any of them.
3. Dunlop Bidco will gain control of the qualifying entity by acquiring a 100% shareholding in Manx Telecom.
4. This acquisition constitutes a trigger event under section 8(2)(c) of the Act.
5. The Chancellor of the Duchy of Lancaster has allowed the transaction to proceed, subject to the condition that the Parties:
a. Ensure that, so long as it is subject to an agreed contract, Manx Telecom continues to fulfil certain services provided to the UK Government that are in support of UK national security;
b. Establish and maintain a Cyber Security Group within Manx Telecom which will perform certain obligations, including that it will carry out the activities Manx Telecom performs which have an impact on or is in respect of UK national security, and will maintain the cyber security posture of the company; and
c. Appoint a senior executive to oversee and perform certain obligations in respect of the Cyber Security Group.
6. The Chancellor of the Duchy of Lancaster considers that the measures contained within the final order are necessary and proportionate to remedy, prevent or mitigate the risks to national security relating to:
i. Manx Telecom’s role as a critical supplier of services provided to UK Government departments which are in support of UK national security.