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Tewkesbury-based network operator Netomnia (Brsk, Youfibre), which has so far deployed their full fibre broadband (FTTP) lines to cover 2.7 million UK premises (375,000 customers), has today announced another major funding boost by successfully completing a £300 million junior debt raise, including an additional £140 million from new and existing investors.
The funding includes £160m from existing investors I Squared Capital and Palistar Capital, originally part of the May 2025 funding announcement (here), and an additional £140m subscribed through increased commitments from I Squared Capital and Palistar Capital alongside new lenders Rand Merchant Bank (RMB) and Bain Capital. The investment builds on Netomnia’s £880m senior debt commitment, bringing total debt funding support to £1.2 billion.
The announcement also confirms that Netomnia has now achieved positive EBITDA (i.e. earnings before interest, taxes, depreciation, and amortisation). The ability to achieve a positive EBITDA can indicate that a company’s core operations are starting to become profitable (banks use this to help assess whether a company is able to pay off its debts). But this doesn’t fully consider everything (e.g. non-core financial expense), and there’s still a long road ahead to payback.
Jeremy Chelot, Group CEO, said:
“The last funding round was oversubscribed, showing the clear demand for Netomnia from both new and existing lenders. This £140 million extension reinforces confidence in our ability to deliver at scale while staying
firmly on track with our build plan and profitability targets. Our mission remains clear: connecting millions more homes and businesses with the UK’s most powerful internet.”
Robert Leon, Global Co-head of IBD and Sponsor Client Segment at RMB, said:
“Netomnia has established itself as one of the UK’s leading digital infrastructure players, combining rapid rollout with cost efficiency while driving the delivery of critical connectivity across the UK. RMB is proud to partner Netomnia and its shareholder grouping once again as part of our sponsor led strategy.”
The network operator concluded by saying that they “remain firmly on track to become the UK’s most scaled and capital-efficient retail, wholesale, and consolidation platforms“. The fact that their network coverage has increased by 140,000 premises since the last update on 23rd July 2025 is also significant and shows that they’re still deep into the roll-out phase, and during a period when many other alternative networks have stalled.
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