Arqiva, the communications infrastructure and media services company, has agreed terms with the Board of Spectrum Interactive, a leading UK based Wi-Fi operator, for an offer to acquire 100 per cent of the shares for total cash consideration of £23.4 million.
The deal will enable Arqiva to accelerate its wholesale mobile data business by acquiring a sizeable independent Wi-Fi portfolio, providing a highly scalable platform across the market.
Nicolas Ott, Managing Director, Government, Mobile and Enterprise, Arqiva commentied: “The strategic fit of Spectrum with Arqiva is compelling and our customers and business will benefit from the 15,500 access points in over 2,100 premium Wi-Fi locations across hotels, restaurants and leisure outlets as well as airports, airline lounges, motorway service station and public locations on high streets. We can accelerate the roll out of Arqiva’s wholesale mobile data offer, whilst enhancing services provided to Spectrum Interactive’s customers. “