Arqiva grew its Terrestrial Broadcast business by seven per cent in the second half of 2017.
Revenues of £239.4 million were buoyed by the transmission company’s part in the 700 MHz spectrum clearance programme ahead of the rollout of 5G communications in the UK, and also by DAB radio rollout.
However, revenue in the Satellite and Media business decreased 9.6 per cent to £67.9 million from £75.1 million in the same period last year as Arqiva continued to exit low margin contracts.
Group revenue in the period was up 3.4 per cent to £482 million from £466.3 million in the same period last year. EBITDA increased 11 per cent during the period to £256.1 million.
Simon Beresford-Wylie, Chief Executive of Arqiva, commented: “These results show that Arqiva continues to make excellent progress. We are a highly Operating Cash-generative business and our strong operating performance indicates improved efficiency across the entire Group. The strength of our financial performance reflects our vital role in delivering the technology that will ensure Britain’s digital future. From the delivery of new TV content to the clearance of the airwaves over which 5G will come to life, and the overall increasing demand for connectivity over the airwaves, we are a key enabler of a coming change.”
Arqiva is continuing to work on 700 MHz clearance, where it says it has made “excellent progress”.
