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Arqiva abandons plans for GBP 1.5 billion float
2017-11-03 14:04:00| Telecompaper Headlines
(Telecompaper) UK communications infrastructure and media services company Arqiva has abandoned plans to proceed with an IPO, citing market uncertainty. The company announced plans to finally float the business on the London Stock Exchange on 23 October, with directors expressing the hope that the GBP 1.5 billion offer would allow the group to reduce its outstanding debt by GBP 0.6 billion and cut the associated interest costs by around GBP 57 million on a full year basis.
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Category:Telecommunications