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18.02.26 - 17:27
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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 (Business Wire)
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LONDON--(BUSINESS WIRE)--Soho Square Capital LLP (“Soho Square”), an investment firm focused on financing established and growing UK and European SMEs, is pleased to confirm its portfolio company Netomnia, the UK's second largest alternative fibre provider, has announced an agreement to be acquired by InfraVia, Liberty Global and Telefónica. The acquisition, which is subject to customary clearances, will be made by the parties' joint venture company, nexfibre, and will unlock £3.5 billion of investment in the UK market.
In 2020, Soho Square was the first institutional investor in Netomnia and subsequently committed additional capital as the business scaled. The company has also attracted backing from fellow shareholders Advencap and DigitalBridge, and now has more than 3 million fibre premises and 460,000 customers.
The combination of nexfibre, Netomnia and more than 2 million Virgin Media O2 premises, which will be upgraded by nexfibre, will create a scaled, financially secure challenger to BT Op...
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18.02.26 - 14:06
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InfraVia, Liberty Global and Telefónica acquire Substantial Group for £2 billion through their existing joint venture, nexfibre (Business Wire)
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Transaction unlocks £3.5 billion* in international investment, underlining confidence in UK economy
Acquisition creates sustainable, scaled network competition and wholesale choice in the UK
Millions of UK consumers to benefit from faster access to full-fibre broadband
DENVER, Colorado--(BUSINESS WIRE)--InfraVia, Liberty Global (NASDAQ: LBTYA, LBTYB, and LBTYK) and Telefónica (TEF) have announced an agreement to acquire Substantial Group. Founded in 2019, Substantial Group, owned by investors Advencap, DigitalBridge and Soho Square Capital, is the UK's second largest alternative fibre provider, expected to have more than 3.4 million fibre premises and over 500,000 customers by completion. The acquisition will be made by the parties' joint venture company, nexfibre, and will unlock £3.5 billion of investment in the UK market.
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)...
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