Arqiva buys NGW for £2.5b
Posted by
Arqiva buys NGW for £2.5b

Arqiva and National Grid Wireless are to combine in a £2.5 bln takeover by Arqiva owners Macquarie. National Grid said it had received approaches from various parties seeking to purchase the business. Most recently, NGW submitted a rival bid to 4Digital to run the 2nd national DAB multiplex.

Tom Bennie, Arqiva's Chief Executive Officer, said: "We firmly believe that combining Arqiva and National Grid Wireless will result in a stronger entity which is better positioned to serve the needs of the UK's broadcast and mobile communications industries in the future. We will be able to deliver large-scale projects of national importance, such as Digital Switch Over, much more effectively and efficiently. This will also enhance our prospects in the mobile outsourcing market.

"Having a single broadcast transmission service provider brings the UK into line with most of the rest of the world. The UK's terrestrial broadcast transmission network will be in a much better position to ensure that terrestrial broadcasting remains a powerful and innovative service in the future."

Edward Astle, National Grid's Executive Director for Non-Regulated Business said: "The sale of National Grid Wireless to Arqiva represents the most attractive outcome for our shareholders and offers a good future for the business. Combined with Arqiva, the business will remain at the centre of digital broadcasting during Digital Switch Over and play a key role as wireless and broadcasting services converge."

The transaction will be subject to a review by the UK Competition authorities. During the review process National Grid Wireless will likely be subject to a "Hold Separate" arrangement and will remain a discrete entity. Business at both companies will continue as normal, with separate management teams and customer contracts. The review process is expected to last up to 12 months.

[link=] – non-stop radio news[/link] [email protected] or call 0871 315 6 315

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 376 03 April, 2007 Industry News 3:29 pm 20074 Tuesday, April 3rd, 2007

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
RAJAR Q3 2016 - October 26, 2016 at 11:00 pm (London)
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
More events