Cellnex purchase of Arqiva telecoms division cleared by CMA
The CMA has cleared the £2bn merger between Cellnex UK and Arqiva’s telecommunication infrastructure division.
***JULY 2020 UPDATE: The sale of Arqiva's Telecoms and Site Share business to Cellnex was completed on 08 July 2020 ***
Both companies are independent providers of telecommunication infrastructure, including towers, pylons and masts, across the UK. As a result of the deal, Cellnex will acquire more than 7,000 sites currently operated by Arqiva.
“We are delighted with the decision. This is a significant boost for the UK’s digital future. We were pleased to engage constructively with the CMA throughout what was a rigorous process.
“Arqiva is now fully focused on strengthening its position as the UK’s No1 broadcast and M2M infrastructure solutions provider, particularly at a time when these critical services are showing their value and relevance so strongly.”