Manx Telecom's sale to a transatlantic investment firm is expected to be finalised today.
Basalt Investment Partners announced the £255 million deal last month and a court gave its approval last week.
Chief Minister Howard Quayle gave a statement to the House of Keys about the deal on Tuesday, saying Basalt wanted to invest in a new 5G network as well as fibreoptic.
He added government will be asking the company about its plans once the sale is complete.
Island's role in $95 million US lottery scheme revealed
It's emerged the Isle of Man was pivotal to a lottery scandal in America.
Steam Packet Board instead of Company?
Should the Steam Packet Company stop being a government-owned company and become a statutory board like Manx Utilities instead?
Homeschool students could get their own prom
A Douglas mum says she's hoping to arrange a school prom for homeschooled youngsters, and is asking for support from other parents.
Mountain Road shut for TT work
Part of the Mountain Road closes later as work gets underway to ready it for TT.
Chicken Jockey fans ruining Minecraft Movie for others, say mums
Parents have taken to Facebook to complain about the behaviour of some cinemagoers at the latest smash hit movie for kids - saying some are ruining it for others.
Airline releases winter schedule early!
Logainair says it's launched its winter schedule to allow people to book their flights early.
Pensions triple-lock up for discussion in Tynwald
Treasury Minister Alex Allinson is to ask Tynwald members to back moves asking the public about the future of pensions.
Airport Garage plans get the go-ahead
A garage in Ballasalla will get a facelift after planners approved proposals to redevelop the site.
