All your masts are belong to us outfit Arqiva confirms IPO plan

Britain’s biggest mast outfit, Arqiva, has confirmed it will float on the London Stock Exchange next month, a move it hopes will raise £1.5bn and reduce its debt.

The private equity owned business is a dominant player in Blighty’s infrastructure and communications landscape. Some 19 million homes are connected via its 1,500 TV and radio terrestrial transmission and broadcasting sites and 8,000 wireless towers.

Based in Crawley, Hampshire, the biz began in 1922 when the BBC made its first radio broadcast.

Arqiva hopes to raise £1.5bn by selling at least 25 per cent of its shares, on a £6bn listing.

more