Arqiva up for sale

UK cellular and TV distribution business Arqiva is up for sale.

Arqiva has a near monopoly for the distribution of the UK’s digital terrestrial TV signals, and handles most of the Britain’s cellular towers.

The company’s owners include pension funds under the control of Australian bank Macquarie, and the Canada Pension Plan Investment Board.

Sources say that potential bidders have been invited to express their interest in the business, and City sources say that the company has a value of between £5 billion and £6 billion. Investment bank Rothschild is handling the sale.

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