Netomnia forays off-net with Openreach tie-up, lures new debt investors
UK altnet to add 1.5 million premises to footprint as it seeks to attract fresh customers and reduce churn through wholesale tie-up with the nation’s incumbent provider. Coincides with new investors and long-term backers completing debt raise with a £140m boost.
This article includes:
- Organisations: Advencap; AllPoints Fibre Networks; Alpha Bank; Avenue Capital Group; Bain Capital; Barclays; brsk; BT Group; Cuckoo; Community Fibre; DigitalBridge; ESO Capital Partners; Fern Trading; Freedom Fibre; Hyperoptic; I Squared Capital; Netomnia; Nord/LB; Openreach; Palistar Capital; Rand Merchant Bank; Trooli; Vitrifi; Virgin Media O2 (VM O2); Vorboss; YouFibre; Zen Internet.
- Geographies: Europe; United Kingdom (UK).
- People: Jeremy Chelot.
- Themes: Altnets; Broadband; Capital investment; Churn; Connectivity; Dark fibre; Debt; eSIM; Ethernet; Fibre (FTTP); Fibre expansion; Fibre infrastructure; Funding; Internet service providers (ISP); Investors; Mobile services; Network build; Roaming; Wholesale; Wholesale agreement; Wholesale tie-up.
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