Tech
National Grid Transco is to buy Crown Castle UK, part of the consortium that runs Freeview.
Crown Castle's UK operations were valued at £1.1bn, and will be merged in with Transco's wholly owned telecoms subsidiary Gridcom. Peter Abery, currently Crown Castle UK, will become CEO of the merged company which will initially trade under the Crown Castle name. The current chief at Gridcom, Steven Marshall, will become Chief Operating Officer with direct responsibility for integrating the two companies.
NGT CEO Roger Urwin said: "Crown Castle UK is a high quality infrastructure business with low risk characteristics. It is a natural extension of our own towers and sites business, Gridcom, and is clearly consistent with National Grid Transco’s core focus on owning, operating and managing networks. Combining Crown Castle UK with Gridcom will, we believe, create value from integration savings and the opportunities presented by growth in the mobile and broadcast infrastructure markets."
Crown Castle's UK operations were valued at £1.1bn, and will be merged in with Transco's wholly owned telecoms subsidiary Gridcom. Peter Abery, currently Crown Castle UK, will become CEO of the merged company which will initially trade under the Crown Castle name. The current chief at Gridcom, Steven Marshall, will become Chief Operating Officer with direct responsibility for integrating the two companies.
NGT CEO Roger Urwin said: "Crown Castle UK is a high quality infrastructure business with low risk characteristics. It is a natural extension of our own towers and sites business, Gridcom, and is clearly consistent with National Grid Transco’s core focus on owning, operating and managing networks. Combining Crown Castle UK with Gridcom will, we believe, create value from integration savings and the opportunities presented by growth in the mobile and broadcast infrastructure markets."
More: Tech, Terrestrial TV
Apple News
Apple 'testing small screen iPad tablet'The US firm said to be prepping new 8-inch iPad to compete with Samsung, Amazon.
Android News
PlayStation titles for HTC devices?HTC's mobile devices are rumoured for PlayStation certification.
Satellite TV News
Premier League wins pub TV casePubs showing football on foreign satellite TV decoders 'in breach of copyright'.
Cable News
Virgin Media tops 1bn VOD views in 2011Coronation Street most popular for catch-up, Vampire Diaries more viewed series.
Freeview News
Freeview HD sales top 1.3m in Q4 2011The digital terrestrial platform now has 2m active Freeview HD homes in the UK.
Video on Demand
Netflix pays out $9m in privacy suitNetflix pays out $9m in compliance with the Video Protection Privacy Act.
