Soho Square Capital LLP (“Soho Square”), an investment firm focused on financing established and growing UK and European SMEs, is pleased to confirm its portfolio company Netomnia, the UK’s second-largest alternative network provider (Alt-Net), has completed its £300 million junior debt raise, securing an additional £140 million from new lenders Rand Merchant Bank (RMB) and Bain Capital, alongside participation from existing lenders. This latest investment builds on Netomnia’s £880 million senior debt commitment, bringing total debt funding support to £1.2 billion.
Walid Fakhry, Co-Managing Partner at Soho Square, commented:
"Netomnia has achieved exceptional growth and is now firmly established as the UK’s fastest-growing Alt-Net. Today’s successful fundraising further strengthens its path toward profitability in 2025, while supporting its ambitious growth target of servicing five million premises by 2027, meeting the growing demand for full-fibre broadband across the UK. Soho Square partners with ambitious companies like Netomnia, where we are fully aligned with the management team, who remain significant shareholders in the business. Having initially backed the company in 2020, we are excited to see Netomnia solidify its position as one of the UK’s leading fibre broadband providers."
NETOMNIA’S ANNOUNCEMENT:
NETOMNIA COMPLETES £300 MILLION JUNIOR DEBT RAISE WITH ADDITIONAL £140 MILLION
The facility strengthens Netomnia’s position as the UK’s fastest-growing Alt-Net, supporting its path to profitability in 2025 and rollout target of five million premises by 2027.
Tewkesbury, 1st September 2025 – Netomnia, the UK’s second-largest alternative network provider (Alt-Net), has completed its £300 million junior debt raise. This includes £160 million from existing investors I Squared Capital and Palistar Capital originally part of the May 2025 funding, and an additional £140 million subscribed through increased commitments from I Squared Capital and Palistar Capital alongside new lenders RMB - Rand Merchant Bank and Bain Capital. This latest investment builds on Netomnia’s £880 million senior debt commitment, bringing total debt funding support to £1.2 billion.
Netomnia, together with YouFibre and Brsk, now serves 2.7 million premises serviceable and 375,000 premises connected. With an annual build rate of one million premises, Netomnia is on track to achieve three million premises serviceable by the end of 2025 and is targeting five million by the end of 2027. The group has also achieved positive EBITDA.
“The last funding round was oversubscribed, showing the clear demand for Netomnia from both new and existing lenders,” said Jeremy Chelot, Group CEO of Netomnia, YouFibre, and brsk, “This £140 million 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.”
“Netomnia has established itself as one of the UK’s leading digital infrastructure players, combining rapid rollout with cost efficiency while driving the delivery of critical connectivity across the UK. RMB is proud to partner Netomnia and its shareholder grouping once again as part of our sponsor led strategy” Robert Leon, Global Co-head of IBD and Sponsor Client Segment at RMB David Haswell, a Director at Bain Capital, added: “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.”
Supported by Advencap, DigitalBridge, and Soho Square Capital, Netomnia, YouFibre, and brsk remain firmly on track to become the UK’s most scaled and capital-efficient retail, wholesale, and consolidation platforms.
For further information
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About Soho Square Capital
Soho Square Capital is an investment firm focused on providing flexible capital solutions, typically in the form of senior or preferred capital with minority equity stakes, to established and growing UK and European SMEs. Headquartered in London, the firm is led by a highly experienced team that has been investing together for over 15 years, through many economic cycles and have the expertise and flexibility to invest up to £45 million in any given transaction, across the capital structure, from senior debt to equity. The team works closely with business owners and management teams to structure innovative, bespoke financing solutions and offer enhanced portfolio company support.
About Netomnia
Netomnia is a wholesale fibre operator, the UK's fourth-largest full-fibre network. With an ambitious rollout plan to reach 5 million premises serviceable by 2027, backed by over £1.5 billion in funding, we are building an uncompromising, capital-efficient fibre network that delivers tomorrow's innovations today. The Netomnia network is where the most powerful internet lives, redefining what’s possible for businesses and communities across the UK.
For more information, visit: www.netomnia.com