A&O advises Digital 9 Infrastructure on Arqiva acquisition
28 June 2022
Allen & Overy has advised Digital 9 Infrastructure on the acquisition of a 48.02% in stake in Arqiva Group Limited, the UK’s leading and essential data, network and communications service provider.
The stake is being acquired from Canada Pension Plan Investment Board.
Headquartered in the UK, Digital 9 Infrastructure (DGI9) is a leading investor in the infrastructure of the internet.
Arqiva is the sole operator of digital terrestrial television and radio infrastructure in the UK and an Internet of Things ("IoT") connectivity platform for utilities.
The A&O team was led by partner and co-head of the global infrastructure group, Sara Pickersgill alongside Senior Associate, Eimear Coady and supported by Associate, Laura Green. Partner, Christopher Harrison, and Senior Associate, Sorsha Reilly, provided tax advice. Andrew Fincham and Charles Gibbs provided regulatory advice.
Commenting on the transaction, Sara Pickersgill said: “We’re pleased to have supported on this significant deal in the UK’s telecommunications infrastructure sector. This transaction will allow DGI9 to play a key role in furthering its efforts to build a resilient, sustainable and innovative digital infrastructure in the UK.”
The transaction is subject to regulatory approvals.