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Mar 6, 2024
Netomnia, one of the fastest growing altnets in the UK, along with ISP sister company YouFibre, has raised a further £147.5 million, increasing its committed debt financing to £377.5 million.
Netomnia has successfully completed an additional fundraise of £147.5 million in its accordion facility welcoming three new lenders: Barclays, Alpha Bank and Nord/LB, with support from all incumbent lenders.
The backing will see Netomnia continue its rapid ascent to become one of the UK's leading fibre providers. The company, known for its speedy network deployment, innovation, and efficient use of capital, has now passed 850,000 premises, with YouFibre welcoming 80,000 customers.
Supported by Advencap, DigitalBridge and Soho Square, Netomnia and YouFibre have raised £795.5m (over 1bn USD) in just three years.
Jeremy Chelot, CEO at Netomnia and YouFibre, says:
"We are very pleased to welcome three new lenders to Netomnia and YouFibre with support from our existing lenders. 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."
Netomnia and YouFibre were advised by Allen & Overy LLP.
The capital raise was led by DigitalBridge.
For the latest information on Netomnia’s rollout plans, please visit netomnia.com/rollout
