Netomnia to Build FTTP Broadband into Peabody’s UK Homes

Broadband network operator Netomnia (inc. Brsk and YouFibre) has today announced that they’ve signed a deal to expand their 10Gbps full fibre network into properties managed and owned by Peabody (inc. subsidiaries). This is a not-for-profit housing association that serves thousands of residents across their housing stock in Oxfordshire, Hertfordshire and Kent (England).

The new deal reflects a “non-exclusive framework wayleave agreement” (i.e. a legal land/property access agreement), which means that Peabody has permitted Netomnia to carry out cabling in their housing stock, and to thus install fibre infrastructure to properties owned and managed by the organisation. The framework is a bulk agreement, enabling fibre infrastructure to be deployed without delay.

NOTE: The combined group of Netomnia and Brsk is backed by more than £1.3bn of equity and debt from investors Advencap, DigitalBridge, and Soho Square Capital.

At present Netomnia’s full fibre network currently covers more than 1.8 million premises (over 90 cities and towns). But the operator is aiming to reach 2 million UK premises (homes and businesses) and 235,000 customers by the end of 2024, before then rising to 3 million premises by the end of 2025 (inc. 1 million customers by 2028). The figures include the impact from their recent Brsk merger.

Sophia Koopman, Business Development Director at Netomnia, said:

“Our partnerships with housing associations are crucial to ensuring our network is available to as many people as possible. Our partnership with Peabody reinforces our commitment to ensuring no one is left behind when it comes to fibre broadband access.”

Peabody itself is understood to be responsible for 108,000 homes (many are MDUs) and 220,000 residents, including 26,275 care and support residents, across the country. But it should be noted that Peabody also has similar agreements with other broadband operators, such as G.Network around Camden and Westminster in London.

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