Arqiva is to purchase Spectrum Interactive in a £23.4 million deal that makes the transmission company one of the largest independent Wi-Fi providers in the UK.
Spectrum operates hotspots for companies that include BAA, Nokia, Virgin Atlantic, Premier Inn and Whitbread.
“The acquisition of Spectrum Interactive positions Arqiva as one of the UK’s largest Wi-Fi hotspot providers and uniquely we would be the only wholesale provider with no associated retail service,” said Arqiva CEO John Cresswell. “We are well placed to help define the Wi-Fi space for all UK landlords and business providers, allowing us to individually tailor services for our customers to meet the growing demand for data capacity.”
The Spectrum Wi-Fi network handles over 1.7 million user sessions at 2,100 premium locations every month.
