TV sells JFMG to Arqiva


ITV is continuing to sell off non-core assets, striking a deal to offload a 70 per cent stake in spectrum management company JFMG to transmission outfit Arqiva for 1 million (E1.13m) in cash. The sale is being carried out by ITV Network Limited, in which ITV owns a 90.1 per cent share.Arqiva now owns all of JFMG, providing access to radio spectrum that is used to provide mobility in broadcast production, for example through the use of wireless equipment, entertainment and related activities.