DigitalBridge (NYSE: DBRG), a leading global alternative asset manager focused on digital infrastructure, today announced that a DigitalBridge investment fund, together with fellow shareholders Advencap and Soho Square Capital, has entered into a definitive agreement to sell Substantial Group, the parent company of UK-based wholesale full fibre operator Netomnia.
Founded in 2019, Netomnia has grown to serve more than 3 million premises across the UK and approximately 460,000 customers. DigitalBridge invested in 2022 to support the continued expansion of the company’s fibre network and its operational development.
Under the terms of the agreement, Netomnia will be acquired by nexfibre for an Enterprise Value of £2 billion. The transaction is expected to support continued investment in full fibre infrastructure across the UK.
Marc Ganzi, Chief Executive Officer of DigitalBridge, said, “We are proud to have partnered with Netomnia’s management team to help build a scaled full fibre platform serving communities across the UK. Since its founding, the company has expanded its network footprint and established a meaningful presence in the market. We believe this agreement provides a clear path forward for the business.”
Jeremy Chelot, Group Chief Executive Officer of Netomnia, said, “With the support of our shareholders, including DigitalBridge, we have built a scaled, capital-efficient full fibre platform serving more than three million premises across the UK. The partnership with DigitalBridge has been instrumental in helping us expand our network and strengthen our operations. This agreement marks an important milestone for the business and provides a pathway for its continued development.”
The transaction remains subject to customary regulatory approvals and other closing conditions.
