Arqiva

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61.90 - Other telecommunications activities
500 jobs
Number of planned job losses
Job loss
Announcement Date
11 July 2020
Employment effect (start)
Foreseen end date

Description

Arqiva, the British telecommunications infrastructure company, which owns television masts across the UK and charges fees to broadcasters for distributing their programmes over the airwaves, is  reported to be planning to make more than 500 jobs, a third of its workforce, redundant.

According to industry experts, the restructure is partly prompted by the decline of traditional television broadcasting due to the increased popularity of online streaming services, which has been accelerated by the coronavirus crisis.

Arqiva, which is owned by an international investment consortium, has recently sold its mobile phone mast business to the Spanish company, Cellnex Telecom.

Sources

Citation

Eurofound (2020), Arqiva, Internal restructuring in United Kingdom, factsheet number 101456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101456.