Netomnia Acquisition, Valuation, Funding & Investors

Netomnia was acquired by Nexfibre for $2.7B in February 2026, a 26.1x multiple on $104M of revenue.

Netomnia acquisition price

$2.7B

Acquired by Nexfibre · Feb 2026

Netomnia revenue at acquisition

$104M

Last twelve months · Feb 2026

Netomnia revenue multiple at acquisition

26.1x

EV/Revenue · Feb 2026

Cumulative funding Netomnia raised

$438M

across 2 funding rounds

Netomnia Overview

About Netomnia

Netomnia is a London-headquartered full-fiber broadband provider established in 2019. The company builds FTTP networks across the United Kingdom, delivering symmetrical multi-gigabit services to homes and businesses for reliable high-speed internet.


Founded

2019

HQ

United KingdomLondon

Status

Acquired

Customer focus

B2C & B2B

Revenue model

Subscription

Revenue

$104M (Feb 2026)

Valuation

$2.7B (acquired Feb 2026)

Netomnia Acquisition

Netomnia was acquired by Nexfibre for $2.7B on 18 February 2026.

The acquisition price implies a 26.1x revenue multiple on $104M of revenue.

Before the acquisition Netomnia had raised $438M across 2 funding rounds.

Netomnia acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Nexfibre
18 Feb 2026Strategic M&A$2.7B26.1x542.5x

Netomnia Funding History

Netomnia has raised a total of $438M across 2 funding rounds.

Netomnia's first fundraising round was a $67M undisclosed-stage round in November 2021. The most recent completed round was a $371M Series C in April 2022.

Netomnia funding rounds

Netomnia funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2022Series CDigitalBridge Investment Management (lead); AdvenCap; Soho Square$371MNetomnia is a UK-based wholesale full fibre broadband infrastructure provider founded in 2019 by CEO Jeremy Chelot, focused on delivering multi-gigabit fibre-to-the-premises (FTTP) networks. In April 2022, Netomnia and its ISP partner YouFibre secured £295 million in new funding led by DigitalBridge Investment Management, with follow-on commitments from existing shareholders Soho Square Capital and Advencap. The equity investment aimed to support rapid scaling toward a target of one million premises passed within two years from rollout commencement in 2020, having already achieved over 130,000 premises passed by the funding announcement. The transaction closed in Q2 2022 subject to regulatory approvals, advised by Greenhill for the group and Vinson & Elkins for DigitalBridge. DigitalBridge highlighted Netomnia's lean, scalable operating model partnering with major UK construction firms for swift deployment and praised the team's growth in the FTTP sector. The funding positioned Netomnia to expand its network footprint and operational development amid the UK's push for advanced broadband infrastructure. Later developments include DigitalBridge, Advencap, and Soho Square agreeing to sell Substantial Group, Netomnia's parent, to Nexfibre (backed by InfraVia Capital Partners, Liberty Global, and Telefónica) at an enterprise value of £2 billion (approximately $2.7 billion in one report). By the sale announcement, Netomnia had grown to serve over 3 million premises and around 460,000 customers, becoming the second-largest alternative fibre provider behind BT Openreach. The deal supports further UK fibre investments and network completion.
Nov 2021Undisclosed stageAdvenCap; ESO Capital Group$67MNetomnia is a UK-based wholesale full fibre network operator, focused on building capital-efficient fibre infrastructure to serve businesses and communities with high-speed internet. In November 2021, it raised £50 million in equity funding from AdvenCap (£25m), ESO Capital Partners UK (£20m), and founders (£5m) to support network expansion. This round built the foundation for subsequent investments, including £123m towards the end of 2021 from existing shareholders and £295m in 2022 led by DigitalBridge, joining ESO Capital Partners, AdvenCap, Avenue Capital Group, and Soho Square Capital, aimed at accelerating fibre roll-out to one million premises by 2023. Netomnia merged with brsk in 2024 to form one of the UK's largest alternative fibre providers, reaching over 3 million premises serviceable and approximately 460,000 customers. The company positioned itself as the fourth-largest full fibre network, backed by over £1.6 billion in total funding, competing against BT Openreach in the consolidating UK fibre market. By 2025-2026, it expanded to more than 3.4 million premises passed and over 500,000 customers post-buildout. In February 2026, Advencap, DigitalBridge, and Soho Square Capital agreed to sell 100% of their stake in Netomnia (via parent Substantial Group) to InfraVia, Liberty Global, and Telefónica's joint venture nexfibre for an enterprise value of £2 billion (approximately $2.7 billion), facilitating further UK fibre investment. This exit valued the scaled platform after years of growth from the 2021 funding, with the buyer committing additional capital amid market consolidation where nexfibre-Netomnia-Virgin Media O2 aimed to pass 20 million premises collectively.

Who has invested in Netomnia?

4 investors have backed Netomnia across its funding rounds, including AdvenCap, ESO Capital Group, Soho Square and DigitalBridge Investment Management.

Lead investors include DigitalBridge Investment Management.


Netomnia Investors

Investors in Netomnia by funding rounds participated
InvestorHQRoundsRoleFirst check
AdvenCapMauritiusGrand Baie2ParticipantNov 2021
ESO Capital GroupUnited KingdomLondon1ParticipantNov 2021

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Acquisitions by Netomnia

Netomnia has acquired 1 company to date.

Last acquisition by Netomnia was on June 15th 2024. Netomnia acquired Brsk for undisclosed valuation.


Latest Acquisitions by Netomnia

Brsk
Description
Brsk is a Nottingham-headquartered full-fibre broadband provider building gigabit networks across the United Kingdom. The company delivers symmetrical speeds up to one thousand Mbps to residential homes on monthly flex or eighteen-month contracts. Brsk's infrastructure reaches East Midlands and plans expansions to multiple cities, emphasizing transparent pricing without installation fees.
HQ CountryUnited Kingdom
HQ City
London
Deal Date15 Jun 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Netomnia Competitors

Netomnia competitors include listed companies like Time Dotcom, Omantel, Sonatel and PT XLSmart Telecom, and private ones like United Internet Ventures and Digital InfraCo.

Public and private companies comparable to Netomnia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
United Internet VenturesGermanyMontabaurPrivate-$324M$2.7B-
Time DotcomMalaysiaMalaysiaPublicly listed$438M$183M$2.7B5.8x
OmantelOmanOmanPublicly listed$8.9B$3.1B$2.7B1.7x
SonatelSenegalSenegalPublicly listed$3.4B$1.6B$2.8B0.9x
PT XLSmart TelecomIndonesiaIndonesiaPublicly listed$2.4B$948M$2.6B2.3x
Digital InfraCoSingaporeSingaporePrivate--$4.3B-

Netomnia Public Comps

Netomnia is no longer listed, but its public comps include Time Dotcom, Omantel, Sonatel, PT XLSmart Telecom, Grameenphone, Space42, Ooredoo, Okinawa Cellular, Megacable and NetLink NBN.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Time Dotcom$438M$183M6.1x5.8x14.6x13.3x
Omantel$8.9B$3.1B1.8x1.7x5.1x5.1x
Sonatel$3.4B$1.6B1.0x0.9x2.1x1.9x
PT XLSmart Telecom$2.4B$948M2.5x2.3x6.2x5.1x
Grameenphone$1.3B$744M2.5x2.4x4.3x4.1x
Space42$577M$88M3.7x3.4x24.1x8.7x
Ooredoo$2.5B$948M1.3x1.3x3.6x3.2x
Okinawa Cellular$555M$161M4.7x4.6x16.2x15.8x

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Common questions about Netomnia

When was Netomnia founded?Netomnia was founded in 2019.
Where is Netomnia headquartered?Netomnia is headquartered in London, United Kingdom.
Is Netomnia publicly listed?No, Netomnia was acquired by Nexfibre in February 2026.
Who acquired Netomnia?Netomnia was acquired by Nexfibre in February 2026.
How much was Netomnia acquired for?Netomnia was acquired for $2.7B in February 2026, a 26.1x revenue multiple.
How much funding has Netomnia raised?Netomnia has raised $438M across 2 funding rounds.
What was Netomnia's last funding round?Netomnia's last funding round was a $371M Series C in April 2022, led by DigitalBridge Investment Management.
Who are Netomnia's investors?Netomnia's investors include AdvenCap, ESO Capital Group, Soho Square and DigitalBridge Investment Management.
Which companies are comparable to Netomnia?Companies comparable to Netomnia include United Internet Ventures, Time Dotcom, Omantel, Sonatel, PT XLSmart Telecom and Digital InfraCo.
How many companies has Netomnia acquired?Netomnia has acquired 1 company, including Brsk.

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