UK based Digital 9 Infrastructure has planned to acquire 48% stakes of Arqiva Group, an eminent British company that provides broadcast transmission, infrastructure, and smart meter facilities. Arqiva owns 1450 broadcast transmission sites, 80 satellite ground stations and an IoT utilities connected platform that is accessed by 12 million premises.

Digital 9 Infrastructure will pay £459.3 million for the holding. Recently, the company raised £300 million with its IPO. The funds will be used to make investments in subsea fibre, Nordic data centre and edge data centre platforms.

The proposed investment will boost reliable connectivity, support sustainable economic development, promote inclusive and sustainable industrialization, and encourage innovation. Also, it is expected to boost the growth prospects of Digital 9 Infrastructure that aims to make a distinct change in global connectivity by democratizing and carbonizing the internet.

“Arqiva expands the company’s exposure to wireless networks and will support the company’s total return and yield targets as we continue to build a high-quality portfolio of scalable platforms and technologies,” said Chair Phil Jordan from Digital 9 Infrastructure.