{"id":33998,"date":"2023-03-17T16:02:05","date_gmt":"2023-03-17T16:02:05","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=33998"},"modified":"2023-03-17T16:19:08","modified_gmt":"2023-03-17T16:19:08","slug":"netomnia-and-youfibre-secure-230m-for-uk-full-fibre-rollout","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/03\/netomnia-and-youfibre-secure-230m-for-uk-full-fibre-rollout.html","title":{"rendered":"Netomnia and YouFibre Secure \u00a3230m for UK Full Fibre Rollout"},"content":{"rendered":"<p>Network operator <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a> &#8211; supported by UK ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/youfibre\" rel=\"nofollow\" target=\"_blank\">YouFibre<\/a> &#8211; have today announced that their rollout of 10Gbps capable <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a> broadband has been boosted after they completed their latest fundraise of \u00a3230m in committed debt financing from a group of six bank lenders (HSBC UK, ING, NIBC, RBC, Standard Chartered, and UKIB).<!--more--><\/p>\n<p>The operator, which has now covered <strong>410,000 UK premises<\/strong> (up from 300k in November 2022) and is present in parts of 35 towns and cities (with many more in-planning), currently aims to reach 1 million premises across England, Wales, Scotland and Northern Ireland by the end of 2023 (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/08\/netomnia-publish-uk-full-fibre-broadband-rollout-plan-to-2023.html\">coverage plan<\/a>). In addition, their network is now home to 28,000 customers.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> Until today the company was being fuelled by an equity investment from <strong>DigitalBridge<\/strong>, plus commitments from existing shareholders (Soho Square Capital LLP, Advencap Ltd etc.). Total funding of \u00a3418m.<\/div>\n<p>&#8220;<em>The company, known for its fast network rollout and efficient use of capital, has become the fourth largest altnet in the UK in two and half years<\/em>,&#8221; said <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a>&#8217;s announcement today. Overall, they&#8217;re the sixth largest for full fibre coverage if we also include <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a> (VMO2) and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/openreach\" target=\"_blank\">Openreach<\/a> into the mix. Only <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/cityfibre\" target=\"_blank\">CityFibre<\/a>, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/hyperopticfibre\" rel=\"nofollow\" target=\"_blank\">Hyperoptic<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/communityfibre\" rel=\"nofollow\" target=\"_blank\">CommunityFibre<\/a> are bigger on the alternative network side.<\/p>\n<p><a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/youfibre\" rel=\"nofollow\" target=\"_blank\">YouFibre<\/a> were advised by Rothschild &amp; Co and Allen &amp; Overy on the latest debt deal. At the current pace of build, they&#8217;re set to reach around 750,000 premises passed by the end of this year, but we&#8217;d expect them to ramp-up a bit more in order to hit the next milestone of 1 million premises in time.<\/p>\n<blockquote class=\"bq1\"><p><strong>Wil Wadsworth, CFO at Netomnia and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/youfibre\" rel=\"nofollow\" target=\"_blank\">YouFibre<\/a>, said:<\/strong><\/p>\n<p>&#8220;We are very pleased to welcome this new group of lenders to Netomnia and are thrilled they have chosen to support the continued acceleration of our business. The enthusiasm from these institutions to support our business is a testament to our successes at Netomnia and YouFibre, and our unique approach to building our full fibre network and providing best-in-class Internet speeds and services to customers across the UK.<\/p>\n<p>Everyone in the UK is impacted by the rising cost of living, and interest rates are hitting businesses and families alike. Now more than ever it\u2019s vital that we continue to build our network at pace to provide better and more affordable broadband to as many homes and businesses as we can.&#8221;<\/p><\/blockquote>\n<p>The service, once live, is typically supplied to consumers via YouFibre, which offers unlimited usage, symmetrical speeds, a Wi-Fi router, free installation and 24\/7 UK based support. Customers pay from just \u00a321 per month on a 24-month term for their unlimited 150Mbps package (\u00a325 thereafter), which rises to just \u00a329.99 if you want their top 920Mbps plan (\u00a340 thereafter). The latter is also on an offer of \u00a31 a month for the first 3 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Network operator Netomnia &#8211; supported by UK ISP YouFibre &#8211; have today announced that their rollout of 10Gbps capable FTTP broadband has been boosted after they completed their latest fundraise of \u00a3230m in committed debt financing from a group of six bank lenders (HSBC UK, ING, NIBC, RBC, Standard Chartered, and UKIB).<\/p>\n","protected":false},"author":1,"featured_media":29233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,2353,34],"class_list":["post-33998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-netomnia","tag-statistics"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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