TalkTalk is nearing completion of refinancing, following a cash injection of £235m made available by its existing shareholders, the company has said in a recent update.
Tue, 6/05/2025 - 12:09
Netomnia has raised £160m in junior debt from I Squared Capital and Palistar Capital, a significant investment that builds on an £880m senior debt commitment, bringing total funding support to £1.04 billion.
The new funding will help to reinforce the company’s position in the market and continue its path to profitability in 2025 and an increased target of five million premises serviceable by 2027.
Together with YouFibre and brsk, Netomnia now has 2.4 million premises serviceable and 310,000 premises connected.
With an annual build rate of one million premises and the new capital, Netomnia is increasing its target from three million premises serviceable by the end of 2025 to five million by the end of 2027.
Jeremy Chelot, Group CEO of Netomnia, YouFibre and brsk said: “This £160 million junior debt facility represents resounding market confidence in our execution and financial discipline.
“As we connect more homes and businesses, this funding ensures we can sustain our growth trajectory while delivering strong, long-term value.”
Mohamed El Gazzar, Senior Partner, I Squared Capital said: “With one of the lowest build costs in the market, a highly experienced management team, and strong backing from premier sponsors, Netomnia is well positioned to continue its impressive growth trajectory.
“As part of our European strategy, we are supporting the company’s next phase of expansion, helping extend reliable, affordable fibre connectivity to millions more homes across the UK.”
Supported by Advencap, DigitalBridge, and Soho Square Capital, Netomnia, YouFibre, and brsk have collectively raised around £1.5 billion.
