18th Feb 2009 16:08
18 February 2009
ITV plc
ITV Network Limited sells shareholding in JFMG Limited
ITV plc has today announced the sale, by ITV Network Limited*, of its 70% shareholding in JFMG to Arqiva Limited as part of Arqiva's acquisition of JFMG's entire issued share capital. ITV plc will receive £1m in cash as consideration on completion of the sale of JFMG.
JFMG is a spectrum management company, providing access to radio spectrum that is used to provide essential mobility in broadcast production, entertainment and related activities.
The sale represents a further example of ITV's programme of non core asset disposals.
* ITV plc owns 90.1 % of ITV Network Limited, a company limited by guarantee.
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ITV plc
Tel: 020 7156 6000
Investor Relations
Christy Swords - Director of Investor Relations
Pippa Strong - Head of Investor Relations
Media Relations
Louise Evans - Head of Press, Financial and Commercial
Tulchan Communications (PR Advisers to ITV plc)
Tel: 0207 353 4200
Susannah Voyle
Lizzie Morgan
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