Global Radio has sold its majority stake in national digital radio platform Digital One to Arqiva. The transmission company is understood to have paid a nominal fee for Global’s stake.
In return for Global Radio’s 63 per cent stake, Arqiva is expected to reduce the fee Global pays to broadcast on digital.
The Digital One platform has capacity for around a dozen stations, but currently only carries four, with only one, Planet Rock exclusive to digital.
The Arqiva director of radio, Paul Eaton, said: "As an independent operator, Arqiva is in a good position to realise the full potential of the multiplex and encourage new services to launch on the DAB digital radio platform.
"We believe in the long term future of DAB, and this deal with Global extends both of our companies' commitments to digital radio well into the future."
