UK altnet Netomnia acquired for roughly €2.3bn by telecom joint venture Nexfibre 😊

UK altnet Netomnia acquired for roughly €2.3bn by telecom joint venture Nexfibre 😊

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UK altnet Netomnia acquired for roughly €2.3bn by telecom joint venture Nexfibre
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Nexfibre, a UK full-fibre broadband venture, is set to acquire Netomnia for £2bn, attracting £3.5bn in international investment. This move consolidates independent fibre operators and strengthens the market amid rising construction costs and tighter credit conditions. The acquisition is expected to enhance geographic reach and financial capacity, although it awaits regulatory approval.

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