Netomnia secures €346.2M to expand its fibre network in the UK: Know more

Tewkesbury-based Netomnia, the UK’s second-largest alternative network provider, has secured junior debt funding, bringing its total debt funding to £1.2B.

Tewkesbury-based Netomnia, the UK’s second-largest alternative network provider, has secured £300M (nearly €346.26M) in junior debt funding. 

The raise includes £160M from existing investors I Squared Capital and Palistar Capital, originally part of the May 2025 funding, and an additional £140M through increased commitments from the same investors and new lenders RMB (Rand Merchant Bank) and Bain Capital.

This financing adds to Netomnia’s £880M senior debt facility, bringing total debt funding to £1.2B.

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.”

A fibre network operator

Netomnia is a wholesale fibre operator and the UK’s fourth-largest full-fibre network. The company has a rollout plan to reach 5 million premises serviceable by 2027, backed by over £1.6B in funding. 

Netomnia states that it is building a capital-efficient fibre network to support innovations. Together with YouFibre and Brsk, Netomnia currently serves 2.7 million premises serviceable and has 375,000 premises connected. 

With an annual build rate of one million premises, the company is on track to reach three million premises serviceable by the end of 2025 and five million by the end of 2027. The group has also achieved positive EBITDA.

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 most scaled and capital-efficient retail, wholesale, and consolidation platforms.

Brief about the investors

RMB is an African corporate and investment bank that provides advisory, lending, trading, securities, corporate banking, private equity, and investment services. It represents the CIB activities of FirstRand Limited, a major financial services group in Africa.

Bain Capital, Founded in 1984,  is a private investment firm with a global platform that invests across Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. 

Bain Capital has 24 offices on four continents, over 1,850 employees, and manages approximately $185B in assets. Bain Capital focuses on creating impact for investors, businesses, and communities through sector expertise and collaborative investment approaches.