Netomnia, the United Kingdom’s second-largest alternative network provider, has raised £160 million ($213 million) in junior debt financing from I Squared Capital and Palistar Capital. This investment builds on an £880 million ($1.2 billion) senior debt commitment, bringing the total funding support to £1.04 billion ($1.4 billion).
Netomnia, together with YouFibre and brsk, now boasts 2.4 million premises serviceable and 310,000 premises connected. With an annual build rate of 1 million premises and the new capital, Netomnia is increasing its target from 3 million premises serviceable by the end of 2025 to 5 million by the end of 2027.
“Netomnia has firmly established itself as one of the United Kingdom’s leading alternative broadband providers through a unique combination of rapid deployment, operational excellence and cost efficiency,” said Mohamed El Gazzar, senior partner, I Squared Capital. “With one of the lowest build costs in the market, a highly e
