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Announced

Completed

Digital 9 Infrastructure completed the acquisition of a 48% stake in Arqiva from Canada Pension Plan Investment Board for £300m.

Financials

Transaction Value

£300m

Consideration Type

Cash

Capital Owned

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Capital bid for

48%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Transaction Tags

tv and radio

United Kingdom

Single Bidder

Acquisition

Friendly

Domestic

wireless infrastructure

Private

Minority

Radio and TV Broadcasters

Private Equity

Completed

Synopsis

Digital 9 Infrastructure, an investor in the infrastructure of the internet, completed the acquisition of a 48% stake in Arqiva, a wireless infrastructure provider of television and radio broadcasting services, from Canada Pension Plan Investment Board, an investment management firm, for £300m. "We believe the safe and reliable access to data and content across multiple devices and the closer connectivity between broadcasters, utilities and their customers will contribute to the UK's sustainable economic development. Arqiva is a long-standing trusted communications infrastructure operator in the UK and complements our investment mandate to build resilient infrastructure, promote inclusive and sustainable industrialisation, and foster innovation. Arqiva expands the Company's exposure to wireless networks and will support the Company's total return and yield targets as we continue to build a high-quality portfolio of scalable platforms and technologies," Phil Jordan, Digital 9 Infrastructure Chair.

Sources

RNS Announcement

Digital 9 Infrastructure

Completion Announcement

Digital 9 Infrastructure

Financials

Transaction Value

£300m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

48%

EV/Sales

+ Add

EV/EBITDA

+ Add

Share Price Premium

+ Add

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