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.
Foresight Group has made a significant investment into F&W Networks, enabling the altnet to expand its fibre network which currently passes 185,000 premises in the south of England.
F&W is building fibre infrastructure in 21 towns and cities, including Surrey, Oxfordshire, Buckinghamshire, Hertfordshire, Greater London and West Sussex.
This new investment will enable F&W to accelerate its ambition to pass one million properties by 2025.
Carlos Bock, Executive Chairman of F&W Networks, said: “This partnership, with Foresight’s infrastructure investment capacities, will provide us with the ability to rapidly scale our roll-out.”