Netomnia has successfully raised £300 million in junior debt to accelerate its growth as the UK's fastest-growing Alt-Net, with plans to service five million premises by 2027.

Information on the Target

Netomnia, the UK's second-largest alternative network provider, has established itself as the fastest-growing Alt-Net in the country. The company has successfully raised £300 million through a junior debt facility, which includes £160 million from existing investors, I Squared Capital and Palistar Capital, and an additional £140 million from both existing and new lenders. With a total of £1.2 billion in debt funding support, Netomnia is well-positioned to pursue its expansion targets while steering towards profitability by 2025.

Currently, Netomnia, along with its subsidiaries YouFibre and Brsk, services 2.7 million premises and has successfully connected 375,000 homes and businesses. The company's annual build rate is impressive, aiming to reach three million serviceable premises by the end of 2025 and five million by 2027.

Industry Overview in the UK

The UK telecommunications industry is experiencing a significant transition, driven by the increasing demand for high-speed broadband services. With a surge in remote working and the need fo