123Net

January 2025 123.Net Inc. 123Net_logo.jpg Private Telecommunications 1995 03 05 LECMI Inc. Internet 123 Inc. Southfield, Michigan United States 350 Grain Management (2024–present) https://www.123.net 123.net 123.Net Inc., also known as 123NET, is a telecommunications company based in Southfield, Michigan, USA. Founded in 1995, it provides fiber internet, colocation, and business voice services. The company operates a network spanning over 3,100 route miles of fiber, connecting major metropolitan areas across Michigan. 123NET manages the Detroit Internet Exchange (DET-iX), one of the largest fee-free internet exchanges in the world, and the Grand Rapids Internet Exchange (GRR-iX).https://www.telecompetitor.com/grain-management-buys-majority-stake-in-123net/ Grain Management Buys Majority Stake in 123NET April 2024 October 14, 2024 Telecompetitor Even after having its controlling interest sold to Grain Management, 123NET continues to invest in expanding its high-density data centers and fiber infrastructure, with an emphasis on improving connectivity in underserved areas.https://www.bbcmag.com/breaking-news/grain-management-acquires-majority-stake-in-123net Grain Management Acquires Majority Stake in 123NET April 23, 2024 October 14, 2024 Broadband Communities Magazine The company is actively involved in public-private partnerships to support broadband expansion in Michigan. In July 2024, a majority stake in the company was acquired by Grain Management, a private equity firm specializing in broadband infrastructure, although the original leadership retained a significant ownership share.https://graingp.com/news/grain-management-completes-acquisition-of-123net/ Grain Management Completes Acquisition of 123NET Grain Management 2024-10-25 en Acquisitions Since its founding, 123NET has made acquisitions including: T2 Communications of Holland, MI (April 2015) Michigan Network Services (October 2014)http://www.123.net/123net-welcomes-michigan-network-services/ 123Net Welcomes Michigan Network Services October 9, 2014 October 14, 2024 123Net MICA.Net (July 2014) West Michigan Internet Services (January 2011) Waypoint Telecommunications and Fiber Networks (July 2010) Zing Networks (September 2009) References External links 123NET Website Category:Telecommunications companies established in 1995 Category:Telecommunications companies of the United States Category:Companies based in Southfield, Michigan Category:1995 establishments in Michigan Category:American companies established in 1995 Category:Internet service providers Category:Technology companies established in 1995 Category:Telecommunication services Category:2024 mergers and acquisitions