Broadband network operator Netomnia (inc. Brsk and YouFibre) will today post their latest Q3 2024 results, which among other things reveals that the annual build rate for their new 8Gbps speed full fibre (FTTP) network has exceeded 1 million premises (total 1.82m, up 258k in quarter) and customer take-up hit 10.4% to total 190,000 (up 9% or 40k in quarter).
The combined networks of Netomnia and Brsk currently harbour a short-term target of growing their Fibre-to-the-Premises (FTTP) broadband coverage to reach 2 million UK premises (homes and businesses) and 235,000 customers by the end of 2024, rising to 3 million premises by 2025 (inc. 1 million customers by 2028). This will make then one of the country’s largest national broadband networks.
According to a preview of the results, which has been seen by ISPreview, Netomnia will also report revenue (QTD) of £12.3m (up 317% year-on-year), adjusted EBITDA (QTD) of -£8.9m (up 13% year-on-year) – excluding exceptional items – and capital efficiency of £406 (up 2% improved quarter-on-quarter). The capital efficiency figure reflects cash consumed to date divided by number of premises serviceable.
Jeremy Chelot, CEO of the Netomnia Group, said:
“August 2024’s landmark merger of Netomnia, YouFibre, and brsk has supercharged our growth. With integration in full swing and PXC’s H1 2025 arrival on the horizon, we’re confidently advancing toward our year-end targets: 2m premises serviceable and 235k premises connected.”
The full results have yet to be published and as such we don’t yet know any of their other key figures, such as in terms of losses, employee count and so forth. But we’ll come back to check that later this morning.