Arqiva has reported record revenues across broadcasting and telecoms.
The transmission company, which continues to seek a buyer for the business, said revenues had increased by 9 per cent on a like for like basis.
The clearance on the 700MHz band for the introduction of new broadband services is on schedule and Digital Audio Broadcasting (DAB) network coverage achieved 97% of the population for BBC and is expected to reach 91% for commercial local DAB by December 2017.
Arqiva CEO, Simon Beresford-Wylie, said it had been an excellent year: “The strength of our financial performance reflects the capital investment decisions made over recent years and is driven by the success of major programme rollouts, including 700MHz clearance, DAB, 4G and smart metering.
“Whilst we continue to focus on our critical national infrastructure, we are also looking to the future with our successful 5G FWA trial, in partnership with Samsung. The trial is a great example of Arqiva’s focus on market opportunities and our commitment to helping the UK become a vibrant digital economy.”
Arqiva made £273 million from terrestrial broadcasting and £176 million from digital platforms. Arqiva had capacity of 31 videostreams on its main multiplexes, all of which were in use.
