JT has published its Annual Review for 2017, which shows an increase in turnover of 41 per cent from £185 million to £261 million, creating an operating profit for the year of a little over £11 million.
The group attributes the increase in turnover to growth in its international business – it has signed up more than 1,600,000 mobile devices around the world, which connect equipment ranging from heart monitors to payment systems, smart traffic lights, solar farms and livestock trackers.
Some 70 per cent of JT’s revenue now comes from outside of Jersey – which then supports JT’s investment in local infrastructure, such as its 4G and island-wide full-fibre networks.
During 2017, JT says it connected another 11,000 broadband customers to the full-fibre network, reaching a total of 38,700, with the small number remaining being connected by the summer.
JT Chairman Phil Male commented: “Due to Jersey’s manageable size, existing mast network and diversity of terrain, we are fast becoming an ideal ‘sandbox’ for innovation – global giant Sony has recently chosen the island and JT to test its technology.”