Arqiva plans to cut costs
Transmission company Arqiva is planning to reduce the amount it charges radio stations by an average of 15 per cent if the pending merger with National Grid Wireless is approved, according to a newspaper report.
The reality could mean savings of up to £4m per year for the likes of GCap, but as little as three thousand pounds per year for smaller stations paying Macquarie-owned Arqiva £25k per year for a transmission contract.
It is thought broadcasters would be able to give 12 months notice to cancel a broadcast contract, once the capital costs have been recouped.
A final decision is expected in March on the takeover of NGW.