"The Arqiva Telecoms division acquisition is a key milestone for Cellnex,” said Cellnex CEO Tobias Martinez. 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 total of 7,400 UK sites – and the right to develop a further 500 across the UK – for Cellnex , the deal includes four major UK operators among the existing customer base , plus the Cornerstone Wireless Group and Mobile Broadband Network joint ventures .
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 total of 7,400 UK sites – and the right to develop a further 500 across the UK – for Cellnex , the deal includes four major UK operators among the existing customer base , plus the Cornerstone Wireless Group and Mobile Broadband Network joint ventures .