Deal Snapshot
123NET ACQUIRES MICHIGAN, USA TELECOMMUNICATIONS FIRM T2
Monday 04 May 2015

US-based telecommunications and Internet service provider 123Net Inc. has acquired fellow Michigan, US-based telecommunications company T2 Communications, the company said on Monday. 123Net has been active in West Michigan since 2000, investing in its Grand Rapids fiber ring, wireless PoP sites and its Grand Rapids/Byron Center data centre. T2 Communications was a division of Texas-based CornerWorld Corp. and was originally formed in 2002 by a Holland-based entrepreneur. The company has a diverse customer base and owns proprietary fiber. 123Net serves thousands of businesses across Michigan with a network that includes over 2,500 route miles of fiber, 70+ high speed fixed wireless towers and four world-class data centers.


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Details
Date Published: 04/05/2015
Target: T2 Communications
Country: USA
Sector: Telecommunications
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: 123Net Inc
Comment:
Terms of the transaction were not disclosed

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