123NET

123NET wins $86M BEAD award for Michigan fiber buildout

Southfield – October 29, 2026 -- 123NET, a Michigan-based fiber, colocation and voice provider, has been awarded approximately $86 million through the federal Broadband Equity, Access and Deployment (BEAD) program to build fiber across underserved Michigan communities.

BEAD money covers 17,000 addresses within a 49,300-address buildout

The funding will deliver fiber connectivity to 17,000 BEAD-funded addresses. These form part of a total network expansion reaching 49,300 addresses. 123NET worked with municipalities and community partners to apply and is coordinating with the Michigan High-Speed Internet Office (MIHI). The National Telecommunications and Information Administration and MIHI administer the program.