"Founded in 2019 and owned by investors Advencap, DigitalBridge and Soho Square Capital, Substantial Group is expected to have more than 3.4 million fibre premises and over 500,000 customers by completion. Substantial Group's fibre network, Netomnia, is regarded as the UK's fourth-largest full-fibre network and second-largest UK altnet. Netomnia undertook a merger with fellow altnets YouFibre and Brsk in the summer of 2024, and the company ended 2024 with 2.08 million premises serviceable,"
"The acquisition will be made by the parties' joint venture company, Nexfibre, and is claimed as being the key to unlocking £3.5bn of investment in the UK market to create a scaled, financially secure challenger to BT Openreach, with a full-fibre footprint of around eight million premises by the end of 2027. The value is a calculation based on projected Nexfibre capex spend between 2026-40 as a result of the transaction."
InfraVia, Liberty Global and Telefónica have agreed to acquire Substantial Group, owner of alternative fibre provider Netomnia, through their joint venture Nexfibre. Substantial Group, founded in 2019 and backed by Advencap, DigitalBridge and Soho Square Capital, is expected to control more than 3.4 million fibre premises and over 500,000 customers on completion. Netomnia, regarded as the UK's fourth-largest full-fibre network and second-largest altnet, merged with YouFibre and Brsk and ended 2024 with 2.08 million premises serviceable. Nexfibre aims to unlock £3.5bn of investment and target around eight million full-fibre premises by the end of 2027, amid sector consolidation pressures.
Read at ComputerWeekly.com
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