Netomnia and YouFibre secure a further £147.5m

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.