DigitalBridge sells stake in UK fiber operator Netomnia to nexfibre
DigitalBridge is selling its interest in Substantial Group, the parent company of Netomnia and its retail brand YouFibre, to nexfibre, a joint venture owned by Liberty Global, Telefónica, and InfraVia Capital Partners, in a transaction valuing the business at £2 billion.
Deal Analysis
- The deal involves a £2 billion valuation, indicating substantial investment in the UK fiber market.
- Nexfibre, backed by Liberty Global, Telefónica, and InfraVia Capital Partners, is the buyer, showcasing the involvement of major telecommunications and infrastructure investment firms.
- DigitalBridge, a leading digital infrastructure investor, is the seller, suggesting a portfolio realignment or realization of investment gains.
- The acquisition strengthens nexfibre's position as a key player in expanding full fiber access across the UK.
Source Intelligence
During the consortium's ownership, Netomnia aggressively expanded its network footprint, building out fiber infrastructure to more than three million premises and securing approximately 460,000 customers. "During the consortium's ownership, Netomnia aggressively expanded its network footprint, building out fiber infrastructure to more than three million premises and securing approximately 460,000 customers."
"DigitalBridge Group is realigning its European infrastructure holdings with the sale of its stake in UK fiber operator Netomnia."
"DigitalBridge Group is realigning its European infrastructure holdings with the sale of its stake in UK fiber operator Netomnia."
"The acquiring entity is nexfibre, a joint venture owned by Liberty Global, Telefónica, and InfraVia Capital Partners."
"The acquiring entity is nexfibre, a joint venture owned by Liberty Global, Telefónica, and InfraVia Capital Partners."
"The acquiring entity is nexfibre, a joint venture owned by Liberty Global, Telefónica, and InfraVia Capital Partners."
"The acquiring entity is nexfibre, a joint venture owned by Liberty Global, Telefónica, and InfraVia Capital Partners."
"This strategic exit occurs against the backdrop of DigitalBridge's own pending acquisition by SoftBank Group."
Global Infrastructure Sherpa