Arqiva to buy pieces of BT satellite service - TvTechnology

Arqiva to buy pieces of BT satellite service

The $47.43 million deal includes long-term customer contracts, operations and personnel in the United States, France, Italy the Netherlands and the UK.
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Arqiva will acquire the full-time service components of BT’s Satellite Broadcast Services business for $47.43 million in cash.

The deal includes long-term customer contracts, operations and personnel in the United States, France, Italy the Netherlands and the UK. Completion of the deal is subject to regulatory approval in the UK and Germany.

BT’s Satellite Broadcast Services business currently provides both full-time and occasional-use satellite services from six teleports, three of which are in the UK, two in the United States and one in France. Arqiva will acquire the full-time business, including the United States and French teleports and one in the UK, while BT will retain the occasional-use part of the business.

For more information, visit www.arqiva.com .