More investment
Unlocking £3.5bn of international investment in the UK.
The scale, speed and resilience of broadband infrastructure will be a
determining factor in productivity, public services and national
competitiveness for decades to come.
That’s why nexfibre’s acquisition of Netomnia is vital.
Unlocking £3.5bn of international investment in the UK.
Delivering faster access to fullfibre broadband for millions of UK consumers and businesses by 2027.
Increasing wholesale choice and strengthening sustainable competition across the market.
InfraVia, Liberty Global and Telefónica acquire Substantial Group for £2 billion through their existing joint venture, nexfibre.
The combination of nexfibre, Substantial Group’s fibre network (Netomnia) and the customers on 2.1 million Virgin Media O2 premises (which will be upgraded to fibre by nexfibre), will create a scaled, financially secure challenger to BT Openreach, with a full fibre footprint of around 8 million premises by the end of 2027.
Infravia, Liberty Global and Telefónica are committing £1bn in new net funding for nexfibre to fund the transaction – made up of £850m from Infravia and £150m jointly from Liberty Global and Telefónica, with Virgin Media O2 committing traffic on 4.6m overlapping and adjacent homes.
* Projected nexfibre capex spend between 2026-2040 as a result of the transaction.
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Soho Square Capital's First Unicorn - Netomnia - to Be Acquired by InfraVia, Liberty Global and Telefónica Through Their Existing Joint Venture nexfibre