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Nexfibre, Netomnia Agree £2B Deal in UK Fibre Push
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4 Articles
UK’s nexfibre goes big, gets Substantial
Deep dive: nexfibre’s planned takeover of Substantial Group, parent of infra rival Netomnia, is the UK’s first billion pound-plus fibre altnet transaction and may open the floodgates to long-anticipated consolidation in the fragmented, scale-hungry sector. Chief Executive Rajiv Datta speaks to TelcoTitans about how the deal boosts its challenge to incumbent Openreach on wholesale fibre.
InfraVia, Liberty Global and Telefónica announced the acquisition of Substantial Group worth £2 billion ($2.68 billion), with the aim of creating a strong wholesale competitor of fiber optics. The purchase will be made through their joint company nexfibre, in an operation aimed at redefining the competitive balance vis-à-vis the dominant operator in the UK, BT Openreach. Substantial Group owns Netomnia, the country’s second largest alternative f…
Nexfibre, Netomnia agree £2B deal in UK fibre push
Fibre player Nexfibre Networks agreed to acquire the parent company of UK challenger Netomnia in a £2 billion deal, in a move that is expected to heat up competition in the country’s broadband market. Nexfibre, which is owned by Liberty Global and Telefonica, will team with InfraVia Capital Partners to purchase Netomnia owner Substantial Group and its associated retail providers, with the investors committing £1 billion to fund the transaction. …
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