“The majority of proceeds from the sale will be used to reduce debt, thereby providing a solid financial base for Arqiva and its shareholders to invest in the future of the UK’s terrestrial TV and radio platforms as well as its data networks and capability. 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. 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.