Reports: Arqiva selects banks ahead of possible flotation

Sky News and other sources have reported today that Arqiva – the UK’s largest owner of mobile, TV and radio masts – has selected four of the City’s biggest banks to explore a stock market listing.

A float of the business – which is thought could value the firm at around £6bn – is one half of a twin-track process being run by Arqiva’s backers. A private sale is the alternative route.

According to Sky News, Barclays, Goldman Sachs, HSBC and JP Morgan have been engaged to oversee a float.

At present Arqiva is owned by the Canadian Pension Plan Investment Board (48%), Macquarie (25%) and several smaller investors based in Australia.