Netomnia, YouFibre raise £230m in debt financing
The financing comes from a group of six bank lenders and will help towards Netomnia’s fibre build acceleration in the UK.
The financing comes from a group of six bank lenders and will help towards Netomnia’s fibre build acceleration in the UK.
The Ministry of Economic Affairs and Digital Transformation, via the Secretary of State for Telecommunications and Digital Infrastructures, published the proposal for a provisional resolution for the second call for the UNICO-Broadband programme.
The funding is able to be upsized to £178m over time to support future growth
The second round of funding included Applied Ventures ITIC Innovation Fund, a fund jointly created by Applied Ventures and Industrial Technology Investment Corporation (ITIC)-Taiwan.
Austrian operator Magenta Telekom has partnered with French investor Meridiam to finance the expansion of its fibre network.
UK alternative network provider, CityFibre has confirmed a debt package totalling £4.9bn.
UK start-up alternative provider, Freedom Fibre has secured a total £100m commitment of scale-up funding, just over a year since its formation.
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