Recent Acquisitions 123NET was acquired by Grain Management, LLC, a global investment firm focusing on broadband and digital infrastructure investments. This acquisition opens up potential collaboration opportunities with a well-funded, growth-oriented partner.
Infrastructure Investment 123NET has been actively investing in expanding its infrastructure, such as launching new fiber optic cables and participating in large-scale fiber infrastructure projects. This indicates a growing network footprint, presenting opportunities to offer new services in these expanded areas.
Federal Grants for Expansion Securing federal grants of $30M and $65M showcases 123NET's commitment to expanding broadband services in underserved areas. Leveraging these grants, there are opportunities to partner with local communities in delivering high-speed internet solutions.
Corporate Partnerships By partnering with entities like Lee Township, Allegan County, and the City of Saline, 123NET is building strong relationships at the local level. Leveraging these partnerships can lead to collaborative projects and bundled offerings for mutual benefit.
Market Penetration in Michigan With a strong presence in Michigan and peering relationships with tech giants, 123NET has a solid base for further market penetration in the region. Targeted sales campaigns focusing on local businesses and institutions can leverage this existing network.