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Euronews
Euronews
Quirino Mealha

Telefónica and Liberty Global to buy UK fibre firm Netomnia for €2.3bn

Nexfibre, the UK full-fibre broadband venture backed by InfraVia, Liberty Global and Telefónica, is set to buy alternative network provider Netomnia.

According to an announcement on Wednesday, the deal agreed values Netomnia's parent company, Substantial Group, at £2bn (€2.3bn), and it is anticipated that it will attract around £3.5bn (€2.3bn) of international investment into the UK.

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