Funding reinforces Netomnia’s position as the UK’s fastest-growing Alt-Net, with a path to profitability in 2025 and an increased target of five million premises serviceable by 2027.
Tewkesbury, Friday 2nd May 2025 – Netomnia, the UK’s second-largest alternative network provider (Alt-Net), has raised £160 million in junior debt from I Squared Capital and Palistar Capital. This investment builds on an £880 million senior debt commitment, bringing total funding support to £1.04 billion.
Netomnia, together with YouFibre and brsk, now boasts 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. The group is expected to achieve positive EBITDA in 2025.
“This £160 million junior debt facility represents resounding market confidence in our execution and financial discipline,” said Jeremy Chelot, Group CEO of Netomnia, YouFibre, and brsk. “As we connect thousands more homes and businesses with the UK’s most powerful internet, this funding ensures we can sustain our growth trajectory while delivering strong, long-term value.”
Mohammed El Gazzar, Senior Partner, I Squared Capital, said: “Netomnia has firmly established itself as one of the UK’s leading alternative broadband providers through a unique combination of rapid deployment, operational excellence, and cost efficiency. 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 pleased to support the company’s next phase of expansion, helping extend reliable, affordable fibre connectivity to millions more homes across the UK.”
Carras Holmstead, Investment Partner and Head of Structured Opportunities at Palistar Capital, added “Netomnia’s innovative approach to network rollout and customer adoption exemplifies the future of digital infrastructure. This partnership underscores our commitment to supporting agile, high-impact platforms that bridge connectivity gaps and accelerate the UK’s digital economy.”
Supported by Advencap, DigitalBridge, and Soho Square Capital, Netomnia, YouFibre, and brsk have collectively raised c.£1.5 billion, cementing their position as one of the UK’s most scaled, capital-efficient retail, wholesale, and consolidation platforms.
Netomnia was advised by Guggenheim Partners and A&O Shearman.
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