DigitalBridge Strikes Deal To Sell Substantial Group To Nexfibre For £2B

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.