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.
Mon, 10/10/2022 - 15:19
Community Fibre has signed a new finance facility of £985m which will enable the company to continue its roadmap of passing 2.2m London homes by the end of 2024.
The £985m is made up of £685m committed facilities with a further £300m uncommitted accordion.
The secured finance facility follows Community Fibre's £400m investment announcement in 2020.
Community Fibre has now made 675,000 homes ready for service in London and the south east.
Graeme Oxby, CEO of Community Fibre, said: “We will now be able to accelerate our network roll out and bring the benefits of fibre to a much larger number of customers.”
