Netomnia secures £295 million Series C investment led by DigitalBridge
Summary
TEWKESBURY, UK Netomnia, a provider of full fibre broadband infrastructure, and internet service provider YouFibre (collectively, the Group) have secured \xa3295 million in new funding led by DigitalBridge Investment Management (DigitalBridge), the investment management platform of DigitalBridge Group, Inc. (NYSE: DBRG).DigitalBridges equity investment will come alongside follow-on commitments from existing shareholders Soho Square Capital LLP and Advencap Limited.Founded by CEO Jeremy Chelot, who has a strong track record in the full fibre network sector, Netomnia is committed to delivering a multi-gigabit broadband network across the UK. Working in partnership with major UK construction companies, the Group has a lean and scalable operating model that enables it to achieve swift deployment.Mr. Chelot said: We are thrilled to partner with DigitalBridge and benefit from their support and industry expertise as we work towards our target of one million premises passed in the next two years. served as legal counsel to DigitalBridge and Stephenson Harwood LLP advised The Group and the existing shareholders in connection with the transaction. The Group was advised by independent investment bank Greenhill.Netomnia is developing full-fibre infrastructure, utilising innovative technology and agile deployment, to bring ultrafast broadband to under-served towns and cities across the UK.