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Arqiva announces record results

Arqiva, the UK’s largest independent towers provider and communications infrastructure group, has announced record revenues and earnings.

In its latest results, for the 12 months ended 30th June 2017, Arqiva reported £944m of revenues, up 7% on the previous 12 months.

Within Terrestrial Broadcast, the business arm including its Freeview and DAB multiplexes, revenues increased 6.3%. The company said that growth was driven by several factors including recurring revenues from new channels on the digital terrestrial television (DTT) multiplexes, new video streams on their multiplexes, radio contracts resulting from the DAB rollout, and increased activity related to the continuing clearance of the 700 MHz spectrum. Regarding DAB, as at 30 June 2017, Arqiva had completed upgrades at 215 of the 221 sites required. The remainder are expected to be completed by December 2017, taking local DAB coverage to over 91%

Arqiva also provides infrastructure used by mobile telecoms network operators and satellite TV broadcasters. The company has taken a leading role in the deployment of machine-to-machine (M2M) connectivity devices, including smart meters for energy and water. Revenues from telecoms and M2M increased 9%.