UK-based Netomnia Secures €346.2M Funding

The round includes £160M from existing backers I Squared Capital and Palistar Capital, plus £140M in new commitments from them and new lenders RMB and Bain Capital.

This funding complements Netomnia’s £880 million senior debt facility, bringing its total debt financing to £ 1.2 billion.

Jeremy Chelot, Group CEO of Netomnia, YouFibre, and brsk, says, "The last funding round was oversubscribed, showing the clear demand for Netomnia from both new and existing lenders."

"This £140M extension reinforces confidence in our ability to deliver at scale while staying firmly on track with our build plan and profitability targets. Our mission remains clear: connecting millions more homes and businesses with the UK’s most powerful internet."

Netomnia is a wholesale fibre operator and the UK’s fourth-largest full-fibre network provider. Backed by over £1.6B in funding, the company aims to reach five million premises by 2027.

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Alongside sister companies YouFibre and Brsk, Netomnia currently covers 2.7 million premises and has connected 375,000. With an annual rollout rate of one million premises, it's on track to hit three million by the end of 2025 and five million by 2027. The group has also achieved positive EBITDA and focuses on capital-efficient network expansion to support future innovation.

David Haswell, Director at Bain Capital, says, "Bain Capital is delighted to support Netomnia as they reshape the UK fibre market by delivering both innovation and resilience in critical infrastructure. The leadership team has an impressive track record of execution and a clear vision for the next phase of bringing affordable, full-fibre connectivity to more UK consumers."

Netomnia aims to become the UK’s largest and most capital-efficient platform for retail, wholesale, and consolidation services.

RMB is an African corporate and investment bank offering advisory, lending, trading, securities, private equity, and more. It operates as the corporate and investment banking arm of FirstRand Limited, a leading African financial group.

Founded in 1984, Bain Capital is a global private investment firm with 24 offices worldwide. Managing around $185 billion in assets, Bain focuses on delivering impact through sector expertise and collaborative investments across multiple asset classes.

About Netomnia

Building your fibre future! Netomnia is creating a new full-fibre network across the UK, providing fast reliable internet for homes and businesses. With live networks in many towns and cities, they’re connecting more places quickly using advanced tools, aiming to reach 1 million UK premises by 2023.