A refocussed Arqiva has reported stable profits after its broadcast and utility business declined by 10%.
Last October Arqiva, which provides transmission facilities to UK broadcasters, sold its telecoms business to Cellnex for £2 billion.
As expected, group revenues decreased 11.2% during the year to £879.9 million as Arqiva continued its exit from the occasional use satellite distribution market. Its 700MHz Clearance programme is also drawing to a close. This left EBITDA on £522.4 million.
Paul Donovan, Arqiva’s newly appointed CEO, commented: “Having delivered solid financial performance in 2020, Arqiva is now entering a period of evolution. Our focus is now squarely on maintaining our position as the number one provider of broadcast infrastructure in the UK and establishing ourselves a leading player in the utilities market. With a newly refocused organisation supported by a stronger financial position, I feel we are well-positioned to capitalise on the opportunities ahead of us.”
Arqiva’s DTT multiplexes had 90% of available capacity sold as at 30 June 2020.