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UK ISP Giganet Secures £250M Investment from New Owner

UK ISP Giganet Secures £250M Investment from New Owner Image Credit: Giganet

UK ISP Giganet recently announced the acceleration of its growth plans to deliver full fibre connectivity across multiple platforms, following investment from its new owner Fern Trading, which has acquired Giganet's parent company M12 Solutions.

The investment will allow Giganet to offer high speed full fibre connectivity to over 2 million homes and businesses in the UK, as the provider significantly increases its existing offering on CityFibre and Openreach fibre and begins construction of its own network, said the operator. 

 

Work has already begun in Hampshire, Wiltshire, Dorset and West Sussex, with more locations to follow, focusing on connecting local and rural communities and offering homes and businesses access to honest, reliable and cost-effective full fibre broadband.

Over 200 new jobs will be created in the regions Giganet is building in, providing significant opportunities to grow local economies. Founders Andrew and Matthew Skipsey will join newly appointed CEO, Jarlath Finnegan and a strong senior leadership team to deliver the growth plans.

Jarlath Finnegan, CEO, GIGANET
Together with Fern Trading, Giganet now has the resources to quickly connect lots more customers across the UK. As an experienced provider, it is an exciting time for Giganet as we look to become the best performing ISP in the region, bringing people together like never before and creating sustainable high tech job opportunities for local communities.

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Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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