Netomnia, the UK’s second-largest alternative network provider, has raised £300M (~€346M) in junior debt funding to expand its nationwide fibre rollout.
The round included £160M previously committed by I Squared Capital and Palistar Capital, plus an additional £140M from the same investors alongside new backers Rand Merchant Bank (RMB) and Bain Capital.
This financing brings Netomnia’s total debt facilities to £1.2B, supporting its plan to reach 5 million premises by 2027.
Scaling full-fibre connectivity
Based in Tewkesbury, Netomnia operates the UK’s fourth-largest wholesale full-fibre network. Alongside its retail brand YouFibre and sister company Brsk, the group currently covers 2.7 million premises with 375,000 connected customers.
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The company builds at a rate of 1M premises annually, targeting 3M by end of 2025 and 5M by 2027, while maintaining positive EBITDA.
“This extension reinforces confidence in our ability to deliver at scale while staying firmly on track with our build plan and profitability targets,” said Jeremy Chelot, Group CEO of Netomnia, YouFibre, and Brsk. “Our mission remains clear: connecting millions more homes and businesses with the UK’s most powerful internet.”
Investor confidence in UK fibre
Bain Capital’s David Haswell commented:
“We are delighted to support Netomnia as they reshape the UK fibre market by delivering both innovation and resilience in critical infrastructure.”
With over £1.6B raised across equity and debt, the company aims to become the UK’s most scaled and capital-efficient fibre operator, strengthening both retail and wholesale offerings.
