Digital 9 Infrastructure has agreed a deal to acquire Canada Pension Plan Investment Board’s (CPP Investments) entire stake in Arqiva.
The deal will see Digital 9 pay £459.3 million for 48 per cent of the company.
CPP Investments first bought into Arqiva in 2009.
“Since the initial investment, CPP Investments supported the company in its operational and financial transformation to adapt to the dynamic nature of the UK’s digital and broadcast infrastructure and we are confident the business will be well supported by both its new and existing investors,” said Scott Lawrence, managing director, head of infrastructure, CPP Investments.
“With D9’s investment expertise in digital infrastructure, we feel they are well positioned to help deliver Arqiva’s ongoing strategy and ambitions.”
Arqiva currently owns about 1,450 broadcast transmission sites in the UK, as well as satellite ground infrastructure delivering 1,100 TV channels internationally to five continents, via 80 ground stations accessing over 30 third-party owned satellites.
The deal is subject to customary conditions and regulatory approvals and is expected to complete in the second half of 2022. TVB Europe