Broadband Altnet Netomnia Puts 100 UK Staff on Redundancy Notice

Alternative broadband operator Netomnia (Substantial Group), which has already expanded their full fibre (FTTP) network to cover over 3 million UK premises (inc. 500,000 customers) and is in the process of being acquired by the parents of Virgin Media (O2) and nexfibre, has confirmed to ISPreview that they’ve put around 100 further workers on notice of possible redundancy.

Sources began informing us about this development last night and a quick bit of checking via social media confirmed that there had been a clear increase in the number of employees reporting that they were now open to work, which has just been confirmed by Netomnia. The move follows an earlier cut of around 50 jobs in February 2026 (here), although that related to the merging of retail ISP brand Brsk into YouFibre.

The latest round of redundancies have instead been linked to the same wider market conditions as many other network operators have had to face, such as high interest rates, rising build costs and competition. The challenges have, over the past few years, already caused plenty of redundancies across the sector, particularly as operators have gradually switched from a focus on new network build to commercialisation. Netomnia is not immune to such strains.

The company’s most recent results to the end of Q4 2025 revealed that their revenues had increased to £104m (up 168% year-on-year) and they were delivering positive adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of £5m (up from £0.3m in Q3). However, Netomnia’s ongoing network build also meant that their Net Debt had grown by 69% in the year to total £905m (debt drawn to date including accrued interest less cash), which is up from £801m in Q3.

The expected acquisition by nexfibre’s parents is another factor, which may yet have further impacts in the future (once the deal has been approved by the competition watchdog). We are currently awaiting an official statement from Netomnia and will update again when that arrives, although it’s possible the current regulatory process may limit their ability to comment.