Attractive and growing national IoT platform providing connectivity for utilities, connecting over 15 million business and consumer premises.įollowing the investment in Arqiva, the Company has built a c.43% pro forma exposure to wireless networks, complementing its c.39% exposure to data centres and c.18% to subsea fibreoptic networks.Long-established customer relationships, and a high quality, blue-chip customer base including the BBC, ITV, Discovery, BT Sport, and Sky.
A weighted average contract length of c.8 years4 with inflation protection against 69% of the revenues Arqiva generates. Significant and highly visible Sterling-denominated cash flow generation, part of which is regulated by Ofcom. Further portfolio diversification across the digital infrastructure asset classes in which the Company invests. At that date, the business reported a total EBITDA of £332.4 million and £1,878.3 million of net external debt.Īrqiva provides the Company with a unique opportunity to benefit from: The valuation for the acquisition has been based on the financial results of Arqiva as at 30 June 2021, being the latest audited accounts. The DGI9 Equity component will be funded through the Group’s existing cash resources including its Revolving Credit Facility. The acquisition has been funded through a combination of £300.0 million in cash and a £159.3 million non-recourse vendor loan note. The remaining shares in Arqiva are held by its existing shareholders.Īrqiva Group 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 (“IoT”) connectivity platform for utilities, including a smart water metering platform working at scale in the UK. 
CPP Investments first acquired a stake in Arqiva in 2009. The stake is being acquired from Canada Pension Plan Investment Board (CPP Investments).
The acquisition will be funded through a combination of £300.0 million in cash and a vendor loan note. The completion of the acquisition is subject to customary regulatory approvals. LONDON, UK: Digital 9 Infrastructure plc has agreed the terms of an acquisition of a 48.02% voting stake in Arqiva Group Limited, a statement said.
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