Original article Total Telecom:Read More
Press Release
The facility strengthens Netomnia’s position as the UK’s fastest-growing Alt-Net, supporting its path to profitability in 2025 and rollout target of five million premises by 2027.
Netomnia, the UK’s second-largest alternative network provider (Alt-Net), has completed its £300 million junior debt raise. This includes £160 million from existing investors I Squared Capital and Palistar Capital, originally part of the May 2025 funding, and an additional £140 million subscribed through increased commitments from I Squared Capital and Palistar Capital alongside new lenders Rand Merchant Bank (RMB) and Bain Capital. This latest investment builds on Netomnia’s £880 million senior debt commitment, bringing total debt funding support to £1.2 billion.
Netomnia, together with YouFibre and brsk, now serves 2.7 million premises serviceable and 375,000 premises connected. With an annual build rate of one million premises, Netomnia is on track to achieve three million premises serviceable by the end of 2025 and is targeting five million by the end of 2027. The group has also achieved positive EBITDA.
“The last funding round was oversubscribed, showing the clear demand for Netomnia from both new and existing lenders,” said Jeremy Chelot, Group CEO of Netomnia, YouFibre, and brsk, “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.”
“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”** Robert Leon, Global Co-head of IBD and Sponsor Client Segment at RMB David Haswell, a Director at Bain Capital, added**: “Bain Capital is delighted to support Netomnia as they reshape the UK fibre market by delivering both innovation and resilience in critical infrastructure. The leadership team has an impressive track record of execution and a clear vision for the next phase of bringing affordable, full-fibre connectivity to more UK consumers.”
Supported by Advencap, DigitalBridge, and Soho Square Capital, Netomnia, YouFibre, and brsk remain firmly on track to become the UK’s most scaled and capital-efficient retail, wholesale, and consolidation platforms.
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