ISP Giganet has acquired parent company M12 Solutions following a £250m funding deal with Fern Trading.
The investment enables Giganet to offer high speed full fibre connectivity to over two million homes and businesses, building on its existing offering on CityFibre and Openreach fibre.
The company is now building its own network in Hampshire, Wiltshire, Dorset and West Sussex (with more locations to follow) creating 200 new jobs in these regions.
Founders Andrew and Matthew Skipsey will work alongside newly appointed CEO Jarlath Finnegan.
“Giganet now has the resources to quickly connect lots more customers across the UK, creating sustainable high tech job opportunities for local communities," said Finnegan.