DGI9 to Acquire Stake in UK Data, Network and Communications Service Provider Arqiva.

MANews-(C)2009-2022

UK-based investment trust Digital 9 Infrastructure plc (LSE: DGI9), an investor in the infrastructure of the internet, has agreed to acquire a 48.02% voting stake in UK data, network and communications service provider Arqiva, the company said.

Completion of the acquisition is subject to customary regulatory approvals. The acquisition will be funded through a combination of GBP 300m in cash and a vendor loan note.

The stake is being acquired from Canada Pension Plan Investment Board. CPP Investments first acquired a stake in Arqiva in 2009. The remaining shares in Arqiva are held by its existing shareholders.

Arqiva is a UK-based data, network and communications service provider, the sole operator of digital terrestrial television and radio infrastructure in the United Kingdom and an Internet of Things connectivity platform for utilities, including a smart water metering platform working at...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT