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).
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. 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.
Acquisitions Since its founding, 123NET has made acquisitions including: T2 Communications of Holland, MI (April 2015) Michigan Network Services (October 2014) 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