Netomnia and YouFibre secure additional £147.5m

Netomnia and YouFibre secure additional £147.5m

Netomnia, one of the fastest growing altnets in the UK, along with ISP sister company YouFibre, has raised a further £147.5 million, increasing its committed debt financing to £377.5 million.

Netomnia has successfully completed an additional fundraise of £147.5 million in its accordion facility welcoming three new lenders: Barclays, Alpha Bank and Nord/LB, with support from all incumbent lenders.

The backing will see Netomnia continue its rapid ascent to become one of the UK's leading fibre providers. The company, known for its speedy network deployment, innovation, and efficient use of capital, has now passed 850,000 premises, with YouFibre welcoming 80,000 customers.

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