Spanish infrastructure group Cellnex is set to acquire Arqiva's telecoms unit for £2bn ($2.4bn), as the latter firm focuses on its broadcast business. The deal will see Cellnex's existing business in Spain and Portugal combined with Arquiva into a single company, which will be called Telefónica Digital.
Spanish infrastructure group Cellnex is set to acquire Arqiva's telecoms unit for £2bn ($2.4bn), as the latter firm focuses on its broadcast business. As well as securing a portfolio of 7,400 UK sites – and the right to market a further 900 across the UK – for Cellnex, the deal includes four major UK operators among the existing customer base, plus the Cornerstone Telecommunications Infrastructure and Mobile Broadband Network joint ventures.