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Comment on YouFibre Follow Netomnia’s UK Full Fibre Build Slowdown with Hiring Spree by Tod
['Mark Jackson', 'August', 'Up', 'Gift', 'Reward Card', 'Bt Reward Card', 'Contract', 'Data', 'The Wee Bear', 'Gift Card']
Comments for ISPreview UK
At the last count the operator’s 7-8Gbps speed broadband network had already covered over 3 million UK premises (inc. 500,000 customers) and they were initially still expanding at pace.
NOTE: The Substantial Group is backed by £1.6bn+ of equity and debt from investors Advencap, DigitalBridge, and Soho Square Capital etc.
But it’s worth noting that Netomnia are currently in the process of being acquired by InfraVia, Liberty Global and Telefónica for £2bn ( here ).
Since then, Netomnia has been reducing their roll-out, which is also partly what fuelled some of the recent redundancies.
Some good news then, after the recent job cuts in their network business.