News
The UK broadband operator has announced that they have raised £147.5m to fund their fibre rollout, alongside sister company YouFibre
In the process of the fundraising, Netomnia welcomed three new lenders—Barclays, Alpha Bank, and Nord/LB—in addition to their existing lenders.
Netomnia says that the financial backing will propel the company’s to become a leading fibre provider in the UK, known for its swift network deployment, innovation, and efficient capital utilisation.
Having recently surpassed 850,000 premises with fibre-to-the-home, Netomnia and YouFibre boast a combined customer base of 80,000.
“We are very pleased to welcome three new lenders to Netomnia and YouFibre with support from our existing lenders,” said Jeremy Chelot, CEO at Netomnia and YouFibre. “This backing demonstrates the strength of Netomnia’s deployment plans in the market and we’re delighted they have chosen to support the continued acceleration of our businesses.”
“Our success is a testament to the dedication and hard work of our team, as well as the unwavering support of our investors and partners. With this latest round of funding, we are well-positioned to accelerate our network deployment efforts and continue delivering best-in-class internet services and customer experience.”
Discover Netomnia’s UK network rollout plan here.
Join us at next month this year’s Connected North event – 22-23 April in Manchester – get your tickets now!
Also in the news:
BT wins £26m contract to connect UK schools
Apple fined €1.8bn by European Commission over Spotify row
Japan to reduce regulatory pressure on incumbent NTT