{"id":39819,"date":"2024-10-24T09:45:45","date_gmt":"2024-10-24T08:45:45","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=39819"},"modified":"2024-10-24T10:02:32","modified_gmt":"2024-10-24T09:02:32","slug":"netomnias-uk-fttp-broadband-rollout-boosted-by-25m-from-nwf","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2024\/10\/netomnias-uk-fttp-broadband-rollout-boosted-by-25m-from-nwf.html","title":{"rendered":"Netomnia&#8217;s UK FTTP Broadband Rollout Boosted by \u00a325m from NWF"},"content":{"rendered":"<p>Network builder <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a> (inc. retail ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/youfibre\" rel=\"nofollow\" target=\"_blank\">YouFibre<\/a>), which is currently merging with <a class=\"shortlink shortlink-229\" title=\"Brsk broadband\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/brsk\" target=\"_blank\" rel=\"nofollow noopener\">Brsk<\/a> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2024\/06\/brsk-and-netomnia-agree-large-uk-full-fibre-broadband-merger.html\">here<\/a>) and rolling out a new 10Gbps capable Fibre-to-the-Premises (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a>) broadband network across the UK, has today announced that they&#8217;ve secured an additional investment (loan) of \u00a325m from the <a href=\"https:\/\/www.ukib.org.uk\/\" target=\"_blank\" rel=\"noopener\">National Wealth Fund<\/a> (NWF) to help accelerate their deployment.<!--more--><\/p>\n<p>The investment bolsters a \u00a375m debt commitment made in March 2023, which occurred before the recent transformation of UK Infrastructure Bank (UKIB) into the NWF \u2013 bringing the total NWF backing to \u00a3100 million. To date, this specific part of their funding has been credited with helping to facilitate the connection of more than 100,000 premises to their network, with around 10,000 customers live and growing.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> The combined group is backed by more than \u00a31.3bn of equity and debt from investors Advencap, DigitalBridge, and Soho Square Capital.<\/div>\n<p>The combined networks of <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a> and Brsk currently reach over 1.82 million UK premises as \u2018<em>Ready for Service<\/em>\u2018, which is home to a total customer base of 190,000 (30th Sept 2024). But the merged group also has a short-term target of growing this <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/fttp\">FTTP<\/a> coverage to reach 3 million premises (coverage) by the end of 2025, as well as 1 million customers by 2028 &#8211; cementing their position as one of the largest national fibre networks.<\/p>\n<blockquote class=\"bq1\"><p><strong>Jeremy Chelot, CEO at <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/netomnia\" target=\"_blank\">Netomnia<\/a> and Group, said:<\/strong><\/p>\n<p>&#8220;This additional \u00a325 million investment from NWF is a powerful vote of confidence in Netomnia&#8217;s vision and execution. It will significantly accelerate our ability to deliver fast, reliable broadband to more homes and businesses across the UK, particularly in underserved communities. We&#8217;re not just building infrastructure; we&#8217;re laying the foundation for the UK&#8217;s digital future, and Netomnia is committed to ensuring no one is left behind.&#8221;<\/p><\/blockquote>\n<blockquote class=\"bq1\"><p><strong>Stuart Nivison, NWF Head of Portfolio Management, said:<\/strong><\/p>\n<p>\u201cThis investment will directly support improvements in areas that would otherwise miss out on the opportunities fast, reliable broadband affords, and so we\u2019re pleased to extend our support to Netomnia as an existing client of the National Wealth Fund.\u201d<\/p><\/blockquote>\n<p>Take note that the UKIB officially became the NWF on 14th October 2024. The new NWF will expand UKIB&#8217;s remit beyond infrastructure in support of the Government\u2019s new industrial strategy. With additional financial capacity and an enhanced risk budget, the NWF will be capitalised with \u00a327.8bn to catalyse private investment in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Network builder Netomnia (inc. retail ISP YouFibre), which is currently merging with Brsk (here) and rolling out a new 10Gbps capable Fibre-to-the-Premises (FTTP) broadband network across the UK, has today announced that they&#8217;ve secured an additional investment (loan) of \u00a325m from the National Wealth Fund (NWF) to help accelerate their deployment.<\/p>\n","protected":false},"author":1,"featured_media":39824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[2660,56,2353],"class_list":["post-39819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-brsk","tag-fttp","tag-netomnia"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/113361528612659846","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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