The Department for Science, Innovation and Technology has announced a £62m investment to support the development of technologies that will be crucial to future telecoms networks.
Wed, 6/03/2024 - 15:11
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.
This facility includes support from all incumbent lenders and increases its committed debt financing to £377.5m.
Supported by Advencap, DigitalBridge and Soho Square, it has raised £795.5m in just three years.
Jeremy Chelot, CEO at Netomnia and YouFibre, says: "This backing demonstrates the strength of Netomnia’s deployment plans in the market.
“With this latest round of funding, we are well-positioned to accelerate our network deployment efforts and continue delivering best-in-class internet services and customer experience."
Netomnia has now passed 850,000 premises, with YouFibre welcoming 80,000 customers.
