GIGANET TO ACCELERATE GROWTH PLANS FOLLOWING £250 MILLION FUNDING
The experienced broadband provider unveils new plans to connect over 300,000 UK homes and businesses and employ 200 new staff as work begins on its own full fibre network in Hampshire, Dorset, Wiltshire & West Sussex.
19th May 2021: OpinePR 🎯 Internet service provider (ISP), Giganet, has today announced the acceleration of its growth plans to deliver full fibre connectivity across multiple platforms, following the acquisition of its parent company M12 Solutions, and a £250 million funding injection from Fern Trading Limited, advised by Octopus Investments.
The investment will allow Giganet, which was Highly Commended for Best Reseller Innovation at the Comms National Awards, 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.
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.
CEO Jarlath Finnegan commented, “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.”
Rob Skinner from Octopus Investments added, “We’re really excited about Giganet’s plans to bring full fibre connectivity to customers in need of an upgrade from slow copper broadband. Working with Openreach and CityFibre, as well as building its own fibre network in underserved areas, Giganet will be bringing a broadband service with a reputation for excellent customer service to a huge number of homes and businesses. We look forward to helping Giganet become one of the UK’s leading full fibre ISPs.”
To find out more about the new network build, visit the Giganet website here.
For more information, spokesperson interviews and imagery, please contact Charlotte at MiTSO Marketing.
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Giganet is a highly experienced and well-proven Internet Service Provider with an almost perfect Trustpilot rating and an ambition to become one of the leading ISPs in the UK. With over eight years as an ISP, originally focussed on business connectivity and telecommunications, Giganet has been connecting residential customers to full fibre broadband for the past two years through relationships with CityFibre and Openreach.
Giganet is resilient, scalable and adaptable to its customer’s needs. With a focus on reliable, fast speeds and honesty, Giganet is here to be different.
Photo caption (Team image)
(L-R) Kevin Barry (Network Build Director, Giganet), Isobel Burlington (Investment Manager, Octopus Investments), Andrew Skipsey (Chief Sales & Marketing Director, Giganet), Rob Baynes (Chief Customer Officer, Giganet), Matthew Armes (Investment Associate, Octopus Investments), Rob Skinner (Head of Alternative Investments, Octopus Investments), Jarlath Finnegan (CEO, Giganet), Lukasz Michalak (Investment Manager, Octopus Investments), Matthew Skipsey (CTO, Giganet), Paul Brazel (CFO, Giganet).