JT Group Limited

JT Group Limited, commonly known as JT, is a telecommunications group based in Jersey in the Channel Islands. It is owned by the States of Jersey and operates through businesses that have included Jersey Telecom Limited and Wave Telecom Limited, the latter serving Guernsey before the group consolidated its branding under JT. The company provides fixed-line and mobile telecommunications, broadband Internet access, fibre-to-the-home connectivity, enterprise communications, roaming and wholesale services, and technology for connected devices. JT emerged from the public telecommunications system created in Jersey during the 1970s. In 1972, legislation enabled the States of Jersey to take over the island’s telephone exchanges from the British Post Office. A state monopoly was established through the Telecommunications Board in 1973. This arrangement continued until the early 2000s, when Jersey’s telecommunications market began opening to competition. Jersey Telecom became a private company in 2003, although the States of Jersey retained complete ownership. The group expanded beyond Jersey in 2002, when it received licences to provide fixed and mobile services to, from and within the Bailiwick of Guernsey. Its Guernsey operation traded as Wave Telecom Limited. JT also developed infrastructure intended to improve connectivity between the islands and the wider telecommunications system, including a high-capacity optical submarine cable project announced in 2006 between Dartmouth and Guernsey. A major part of JT’s modernisation strategy has been the replacement of legacy access networks with fibre. The JT Fibre programme began in 2012 with a reported budget of £41.5 million, including £20 million of support from the States of Jersey. The rollout experienced disputes with contractors, criticism over progress and delays relative to the original schedule. JT later created a subsidiary to advance the programme, and by 2017 it reported that approximately 70 percent of the work was complete. In 2018, the company said that its full-fibre network had reached all broadband users in Jersey, making the island an early example of near-universal fibre availability. The programme ultimately involved thousands of kilometres of fibre serving tens of thousands of homes and businesses. JT has also invested in mobile network development. It began constructing a £12 million 4G network in Jersey in 2014; the first masts became operational in February 2015 and full island coverage was reported three months later. The company subsequently participated in limited 5G trials in Jersey and Guernsey, subject to regulatory arrangements and spectrum licensing. It has worked with equipment and technology partners including ZTE, Sony and ECI, and has used JT Lab as a facility for testing communications products in controlled and live environments. The brand has pursued an innovation-oriented position through Internet of Things connectivity, low-power wide-area networking and international roaming. In 2018 it partnered with Sony to test LPWAN applications and with ZTE in connection with 5G development. In 2019 it partnered with Belizean operator Speednet Communications to provide managed roaming services, adding to a roaming footprint covering more than 700 networks. JT sold a majority stake in its IoT business to Perwyn in 2021; the business continued operating from Jersey under the Velos IoT name. JT remains a locally owned communications operator whose core identity is tied to the Channel Islands. Its business combines essential island infrastructure, consumer connectivity, enterprise services, wholesale roaming and technology experimentation. The company has also been an important source of dividends for the Jersey government, although reported profits have been affected by network investment, changing roaming economics and the cost of moving customers to higher-capacity broadband services.

JT’s institutional history begins with the transfer of Jersey’s telephone infrastructure from the British Post Office to the States of Jersey. Legislation passed in 1972 enabled the island to take control of its telephone exchanges, and a state telecommunications monopoly was established through the Telecommunications Board in 1973. The system remained under public control for several decades. Jersey’s telecommunications market began opening to competition in 2003. Jersey Telecom was converted into a private company that year, but the States of Jersey retained 100 percent ownership. The company therefore combined private-company operating structures with public ownership and a continuing role in providing essential island infrastructure. JT expanded into Guernsey in 2002 after receiving licences to operate fixed and mobile telecommunications services to, from and within the Bailiwick. The Guernsey business operated as Wave Telecom Limited, a wholly owned subsidiary. A submarine cable project announced in 2006 was intended to increase optical capacity between Dartmouth and Guernsey. In 2008, the States of Jersey withdrew a proposal to sell JT after scrutiny concerns and uncertainty in the market. In 2009, Graeme Millar, previously associated with Russian mobile operator Mobile TeleSystems, became JT’s chief executive. The company relaunched its Next Generation Networking programme in 2010 after technical problems. In 2011, Jersey Telecom adopted the shorter JT name, bringing the company’s public identity closer to its group structure. JT acquired Worldstone in 2012, although the available reference material does not specify the acquired company’s activities or the transaction terms. The 2010s brought extensive infrastructure investment. JT’s Gigabit Isles and JT Fibre initiatives sought to make fibre-to-the-premises broadband broadly available across the islands. The Jersey fibre project began in 2012 with a stated budget of £41.5 million, including £20 million from the States of Jersey. The first homes were connected in February 2012. The programme later encountered contractor disputes, criticism concerning progress and delays against its original timetable. JT created a new subsidiary to move the project forward and reported that the build was 70 percent complete in January 2017. In 2018, JT said that the network had reached all broadband users in Jersey. The completed system involved more than 3,000 kilometres of fibre and access for more than 45,000 homes and businesses. JT also modernised its mobile network. It began a reported £12 million 4G build in Jersey in 2014. The first 4G masts went live in February 2015, with full island coverage reported three months later. The company later participated in limited 5G trials in Jersey and Guernsey, while broader rollout depended on regulatory approval and licences from the relevant authorities. Innovation became a visible part of JT’s strategy. JT Lab provided an environment for small-scale and live testing of telecommunications products. In 2018, JT worked with Sony on low-power wide-area networking for Internet of Things applications and with ZTE on 5G technology. JT described Jersey and the wider Channel Islands as a digital sandbox for testing new communications technologies. In 2019, it partnered with Speednet Communications in Belize to supply a managed roaming service. The company also upgraded its optical network through an agreement with ECI. The group adjusted its portfolio in 2021 by selling a majority stake in its IoT business to Perwyn. That operation continued in Jersey as Velos IoT. JT’s core business remained focused on Channel Islands connectivity, including fixed broadband, mobile services, fibre infrastructure, enterprise communications and international roaming. The group has remained state-owned and has paid dividends to the Government of Jersey, although reported earnings have been affected by network investment, reductions in roaming charges and the cost of moving customers to unlimited broadband products.

1. 2021Majority IoT stake sold to Perwyn

   JT sold a majority stake in its IoT business, which continued as Velos IoT.

   Source
2. 2018Jersey full-fibre network reported complete

   JT announced that its full-fibre network had reached all broadband users in Jersey.

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3. 20154G network reaches reported full Jersey coverage

   JT’s first 4G masts went live in February, and full island coverage was reported three months later.

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4. 2012JT acquires Worldstone and begins major fibre rollout

   JT acquired Worldstone and connected the first homes under its Jersey fibre programme.

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5. 2011Jersey Telecom adopts the JT name

   The operating company changed its public brand from Jersey Telecom to JT.

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6. 2009Graeme Millar becomes chief executive

   Graeme Millar, formerly associated with Mobile TeleSystems, became JT’s chief executive.

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7. 2008Proposed sale withdrawn

   The States of Jersey withdrew a proposal to sell JT after scrutiny and market uncertainty.

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8. 2006Optical submarine cable announced

   JT announced plans for a high-capacity submarine cable between Dartmouth and Guernsey.

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9. 2003Jersey Telecom becomes a private company

   Jersey Telecom was incorporated as a private company while remaining wholly owned by the States of Jersey.

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10. 2002Expansion into Guernsey

    JT received licences to provide fixed and mobile telecommunications services in the Bailiwick of Guernsey through the Wave Telecom business.

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11. 1973State telecommunications monopoly established

    The Telecommunications Board was established as the state-controlled telecommunications operator in Jersey.

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12. 1972Jersey takes steps to assume control of telephone exchanges

    Legislation enabled the States of Jersey to take over the island’s telephone exchanges from the British Post Office.

    Source

A locally owned, infrastructure-led telecommunications operator focused on high-capacity connectivity, island-wide fibre access, mobile network development and communications innovation in the Channel Islands.

• JT FibreFibre broadband2012

  JT Fibre is JT’s fibre-to-the-home and fibre-to-the-premises broadband service in Jersey. The programme began in 2012 with a stated budget of £41.5 million, including government support. It was intended to replace or supplement legacy access infrastructure with a high-capacity island-wide network. Although construction encountered contractor disputes, schedule problems and criticism over delivery, JT later reported that the network reached all Jersey broadband users. The build included thousands of kilometres of fibre serving homes and businesses.

• JT MobileMobile telecommunications

  JT Mobile comprises the group’s cellular voice and data services in the Channel Islands. JT invested in a 4G network for Jersey beginning in 2014, with the first sites becoming operational in February 2015 and reported full island coverage later that year. The company has also participated in limited 5G trials in Jersey and Guernsey, with wider deployment dependent on regulatory and licensing conditions.

• JT BroadbandInternet access

  JT Broadband provides residential and business Internet access, increasingly delivered over the company’s fibre network. In 2020, JT announced higher broadband speeds, first doubling a stated standard from 250 Mbit/s to 500 Mbit/s and later offering 1 Gbit/s speeds at no extra cost as part of measures supporting connectivity during the COVID-19 period.

• JT RoamingWholesale and roaming services

  JT provides international roaming and managed connectivity services through relationships with mobile networks around the world. In 2019, it partnered with Speednet Communications in Belize to provide a fully managed roaming service using 2G, 3G and 4G connections. The reference material describes access to more than 700 networks.

• JT LabTelecommunications testing and innovation

  JT Lab is a testing environment for telecommunications products and services. It supports trials in small-scale and live settings and forms part of JT’s role as a technology-testing platform in the Channel Islands. The company has used this innovation capability in work involving low-power wide-area networking, Internet of Things applications and next-generation mobile technologies.

• 2018Digital sandbox technology trials

  Jersey · Guernsey

  JT worked with Sony on low-power wide-area networking for IoT applications and with ZTE on 5G technology, presenting the Channel Islands as a testing environment for emerging communications systems.

  Outcome. JT received the Digital Company of the Year award at the Jersey TechAwards during the same year.

  Source
• 2012Gigabit Isles and JT Fibre rollout

  Jersey · Guernsey · Channel Islands

  JT pursued broad fibre-to-the-premises access through its Gigabit Isles strategy and the JT Fibre programme, targeting homes and businesses across the islands.

  Outcome. JT later reported that its Jersey full-fibre network reached all broadband users, although the construction programme experienced delays and contractor-related difficulties.

  Source
• 2010Next Generation Networking relaunch

  Jersey · Channel Islands

  JT relaunched its Next Generation Networking programme after technical problems had disrupted the initiative during the preceding year.

  Outcome. The relaunch restored the programme as part of JT’s broader network-modernisation effort.

  Source

• 2021Sell majority stake in IoT businessM&A

  JT reviewed the ownership structure of its Internet of Things activities while retaining a continuing connection to the business in Jersey.

  What changed. JT sold a majority stake in its IoT business to the family-backed private equity firm Perwyn.

  Aftermath. The business continued operating from Jersey under the name Velos IoT.

  Source
• 2020Increase broadband speeds without additional chargePrice change

  JT responded to increased demand for home connectivity during the COVID-19 period and discussions with Digital Jersey and other telecommunications operators.

  What changed. JT first doubled stated broadband speeds from 250 Mbit/s to 500 Mbit/s and later raised speeds to 1 Gbit/s at no extra cost.

  Aftermath. The measure provided additional fixed-network capacity to subscribers during a period of heightened reliance on remote connectivity.

  Source
• 2014Build and launch Jersey 4G networkProduct launch

  JT needed to upgrade mobile infrastructure and provide higher-capacity wireless data services in Jersey.

  What changed. JT began work on a reported £12 million 4G network, activating the first masts in February 2015.

  Aftermath. The company reported full island coverage three months after the first masts went live.

  Reported 4G network investment. £12 million (Project announced in 2014)

  Source
• 2012Commit to island-wide fibre infrastructureStrategy

  JT sought to modernise local fixed access and expand high-speed broadband availability through the Gigabit Isles and JT Fibre programmes.

  What changed. The company began a fibre-to-the-home rollout in Jersey using a stated £41.5 million programme budget, including £20 million from the States of Jersey.

  Aftermath. The project suffered delays and contractor disputes but was later reported by JT to have reached all Jersey broadband users.

  JT Fibre programme budget. £41.5 million, including £20 million from the States of Jersey (Programme announced in 2012)

  Source
• 2008Withdraw proposed sale of JTStrategy

  The States of Jersey had considered selling JT, but scrutiny concerns and uncertainty in the telecommunications market affected the proposal.

  What changed. The Minister for Treasury and Resources withdrew the proposition to sell the company.

  Aftermath. JT remained wholly owned by the States of Jersey.

  Source

• 2021JT sells a majority stake in its IoT business

  JT sold a majority interest in its Internet of Things business to Perwyn. The operation continued from Jersey under the Velos IoT name.

  M&A
  Source
• 2020JT increases broadband speeds during the COVID-19 response

  JT first announced a doubling of standard broadband speeds from 250 Mbit/s to 500 Mbit/s, then increased speeds to 1 Gbit/s at no additional cost after discussions with Digital Jersey and other operators.

  PricingOther
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• 2019JT partners with Speednet Communications on managed roaming

  JT agreed to provide Belizean operator Speednet Communications with a managed roaming service using JT’s existing 2G, 3G and 4G roaming connectivity.

  Other
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• 2018JT completes its full-fibre broadband network in Jersey

  JT reported that completion of its full-fibre network meant all broadband users in Jersey were served by its fibre network.

  Product launch
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• 2018JT expands technology partnerships for IoT and 5G trials

  JT partnered with Sony to test low-power wide-area networking for Internet of Things applications and with ZTE in connection with 5G development in the Channel Islands.

  Product launchOther
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• 2018JT receives a Jersey technology industry award

  JT was named Digital Company of the Year at the Jersey TechAwards.

  Other
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• 2014JT begins construction of a 4G network in Jersey

  JT started work on a reported £12 million 4G network for Jersey. The first sites went live in February 2015 and full island coverage was reported later that year.

  Product launchProduct generation
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• 2011Jersey Telecom adopts the JT brand

  Jersey Telecom changed its public-facing name to JT as the group moved toward a unified brand identity.

  Other
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• 2010JT relaunches its Next Generation Networking programme

  The company restarted its Next Generation Networking programme after technical difficulties had interrupted the initiative the previous year.

  Other
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• 2006JT announces a high-capacity submarine cable project for Guernsey

  JT announced plans to install a new optical submarine cable linking Dartmouth with L'Ancresse Bay in Guernsey to strengthen communications capacity.

  Other
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1. JT Group Limited