Arqiva has completed its acquisition of BT Satellite Broadcast Services.
Arqiva announced in November 2006 that it was going to acquire the company in a cash deal worth 25 million pounds ($49.32 million). The acquisition provides infrastructure to extend Arqiva’s operations – including teleports in the United Kingdom, Paris, Washington, D.C. and Los Angeles – adding breadth of service, flexibility and long-term security for customers.
Nick Thompson, managing director of Arqiva’s satellite media solutions division, told Satellite News (Vol 29. No. 46 December 4 2006) that the deal could give it more opportunities in the lucrative in the U.S. market. He commented at the time that “we already have a number of major U.S. customers [for whom] we are providing aggregation services, and collecting content from Europe, and transmitting it across to the U.S., and also bringing services from the U.S. into Europe. So, this puts bodies on the ground and gives us facilities in both the East and West coasts, and an ability to look at the market and start to develop it.”
