19th May 2021: Today we announce new plans to connect over 300,000 UK homes and businesses and employ 200 new staff, as work begins on our own full fibre network in Hampshire, Dorset, Wiltshire & West Sussex.
We’ll be delivering full fibre connectivity across multiple platforms, following the acquisition of our parent company M12 Solutions, and a £250 million funding injection from Fern Trading Limited, advised by Octopus Investments.
The investment will allow us to offer high speed full fibre connectivity to over 2 million homes and businesses in the UK, as we significantly increase our existing offering on CityFibre and Openreach fibre and begin construction of our own network.
Work has already begun in Hampshire, Wiltshire, Dorset and West Sussex, with more locations to follow. We’re 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 we are building in, providing fantastic opportunities to grow local economies. Founders Andrew and Matthew Skipsey join newly appointed CEO, Jarlath Finnegan and a strong senior leadership team to deliver our growth plans.
CEO Jarlath Finnegan commented, “Together with Fern, 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 leading 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.”
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