Arqiva eyes FTSE 100 inclusion with £1.7bn London float

Telecoms tower mast Fotolia 230x150
By Aidan Gregory
23 Oct 2017

One of the biggest IPOs in London this year was revealed on Monday when Arqiva, the UK’s largest operator of TV and radio broadcast towers, launched an IPO with a projected valuation of about £5.5bn.

Arqiva said it planned to raise £1.5bn of primary proceeds via a flotation in November. The 15% greenshoe is the only secondary component of the IPO.

Arqiva is owned by a consortium of investors. Frequency Infrastructure Communications Assets, which is 86% owned by the Canada Pension Plan Investment ...

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