Arqiva reached an agreement Nov. 17 to acquire the full-time service components of BT’s Satellite Broadcast Services business for 25 million British pounds ($47.2 million) in cash.

The Satellite Broadcast Service unit provides full-time and occasional-use satellite services from six teleports — three in the United Kingdom, two in the United States and one in France.

Arqiva will acquire the full-time business, including the teleports, while BT will retain the occasional-use portion of the business.

The deal will include long-term customer contracts, operations and personnel located in the United States, France, Italy, the Netherlands and the United Kingdom.

The agreement is subject to regulatory approval in the United Kingdom and Germany.