Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
Mon, 19/02/2024 - 10:42
nexfibre will invest £1bn in broadband infrastructure this year as it looks to become the UK’s second-largest competitive network.
The company is buoyed by InfraVia Capital Partners, Liberty Global and Telefónica with £4.5bn in agreed financing goals.
nexfibre will ramp up build activity significantly, as it plans to outbuild all fibre operators aside from Openreach in 2024.
Alongside the announcement, CEO Rajiv Datta indicated that the business intends to play an active role in market consolidation.
He said: “Our focus is on addressing the historical lack of investment that has left the UK lagging behind its European counterparts, and providing a platform for progress and innovation to deliver lasting value to the communities we serve, and the wider economy.”
