Arqiva, in addition to providing the transmission masts for digital-terrestrial broadcasting in the UK and range of media services, also owns a network of mobile phone masts used by providers including EE, O2 and Vodafone.
The company is owned by a number of investors including Canada Pension Plan Investment Board, with a 48% stake, and Australia’s Macquarie with 25%.
Arqiva posted revenues of £884 million for the year to June, up 3.2%, and EBITDA before exceptional items of £428 million, up 2%. Free cash-flow was £219 million, up 23.9%, while capex fell from £195 million to £163 million. Total debt stands at just over seven times EBITDA.
The company sold its enterprise WiFi unit to Virgin Media in September.
Arqiva hired former Vodafone Europe CEO and CFO Liliana Solomons as CFO in May, replacing Phil Moses, who led a £3 billion refinancing process prior to his departure.