Arqiva is reportedly preparing to sell its UK operations, including its broadcast towers business.
According to Bloomberg, the company is working with an advisor to solicit bids and could sell for £2.5 billion.
The report adds indicative offers are expected in September, with a sale drawing interest from both private equity and “strategic suitors”.
Arqiva currently owns about 1,150 television transmission sites that deliver Freeview to 98.5 per cent of the UK population, as well as roughly 1,500 broadcast transmission sites.
In 2018 the company exited the playout business following a strategic review of its operations, and in 2020 it sold its cellular towers business to Spain’s Cellnex Telecom in a deal worth £2 billion.
The company is currently attempting to restore TV and radio signal to around half a million households following a fire at the Bilsdale transmitter in the North East of England.