Netomnia, along with ISP sister company YouFibre has completed an additional fundraise of £147.5m in its accordion facility welcoming three new lenders: Barclays, Alpha Bank and Nord/LB.
Wed, 26/10/2022 - 11:25
Perth & Kinross Council is seeking to extend its fibre footprint to nearly 10,000 residential and business premises across the city, inviting interest from the market.
Partnering with Neos Networks last year the Council connected 34 buildings across Perth including three Council data centres. The £2m project was also part-funded by the Tay Cities Deal.
The existing network gives other network operators the opportunity to gain access to connect local businesses and residential homes to gigabit-capable broadband in a cost-effective manner.
The Council and Neos Networks have reciprocal Indefeasible Rights of Use (IRU) agreements over the use of the duct and fibre for the next 20 years.
Councillor Andrew Parrott, Convener of the Council's Environment, Infrastructure and Economic Development Committee said: "We are committed to making Perth a thriving and dynamic city and having world-class digital connectivity is a key part of this.
“We are working with Neos Networks to open up our respective duct and fibre network infrastructure to the market to enable this to happen."
