nexfibre to acquire Netomnia in £2 billion deal to consolidate UK fibre market

Type: Acquisition · Technology: Telecom · Country: United Kingdom · Value: GBP 2B · Announced: 2026-06-03

nexfibre agreed to acquire Netomnia for an estimated £2 billion, creating a combined fibre footprint of approximately eight million premises by the end of 2027. The transaction includes around 2.1 million Virgin Media O2 premises upgraded to full fibre, with Netomnia reporting £104 million in revenue for 2025 and a 15% take-up rate. InfraVia Capital Partners committed £850 million in new net funding, while Liberty Global and Telefónica jointly contributed £150 million, unlocking a total of £3.5 billion in investment for the UK fibre market. The deal is positioned as a turning point for the industry, aiming to create a wholesale challenger capable of competing nationally against Openreach. Rajiv Datta, nexfibre's chief executive, stated the acquisition marks a real turning point for the industry by establishing a wholesale challenger with the necessary footprint and funding. The transaction is expected to trigger a Phase 1 CMA merger review, with Assembly Research arguing that competition concerns would be limited due to the national scope of the market and the presence of Openreach.

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