Where is 123NET located?

123NET is headquartered in Durban, South Africa.

How many employees does 123NET have?

As of Jun 30, 2026, the latest employee count at 123NET is 46.

Is 123NET a funded company?

123NET is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does 123NET rank among its competitors?

123NET ranks 30th amongst 99 active competitors, only 1 of which is funded., of which only BT Group is funded and secured an undisclosed amount in Aug, 2024.

Who are the top competitors of 123NET?

123NET's top competitors include BT Group, Vox and Openserve. Among them, BT Group secured the most recent funding round in August, 2024.

123NET - 2026 Company Profile, Team & Competitors

123NET is an unfunded company based in Durban (South Africa), founded in 2014. It operates as a FTTx service provider in South Africa. 123NET has not raised any funding yet. The company has 99 active competitors, including 1 funded and 12 that have exited. Its top competitors include companies like BT Group, Vox and Openserve.

Company Details

123NET is a FTTx provider for residental and business purposes. Offers internet and IPTVservices. Currently provides these services in Herrwood Park, La Lucia, Prestondale, Somerset Park etc. and still working on expansion. Business plans varies on world download and upload speeds from R999 to R2999 with no data caps.

Website: www.123net.co.za
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Key Metrics

Founded Year

2014

Location

Durban, South Africa

Stage

Unfunded

Ranked

30^th among 99 active competitors

Employee Count

46 as on Jun 30, 2026

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View 123NET's full profile

123NET has not raised any funding rounds yet.

123NET's employee count trend

123NET has 46 employees as of Jun 26. Here is 123NET's employee count trend over the years:

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Top competitors of 123NET include BT Group, Vox and Openserve. Here is the list of Top 10 competitors of 123NET, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BT Group 1981, London (United Kingdom), Public	Provider of mobile phones and fiber broadband services for home & business	-	Triodos Investment Management, Bharti Enterprises ... & 5 others	70/100
2nd	Vox 1998, Johannesburg (South Africa), Late Stage	Fixed line telecom services provider	$73.1M	Investec, Metier & 3 others	57/100
3rd	Openserve 2015, Centurion (South Africa), Unfunded	Provider of internet services for home & business	-	-	57/100
4th	Wave Broadband 2003, Kirkland (United States), Acquired	Fiber Optic Broadband Services	-	Deutsche Bank, RBC Capital Markets & 2 others	50/100
5th	SEACOM 2007, Cape Town (South Africa), Acquired	Provider of internet services	-	-	50/100
6th	Afrihost 2000, Sandton (South Africa), Acquired	Fixed line and wireless telecom services provider in South Africa	-	-	49/100
7th	Axxess 1997, Gqeberha (South Africa), Acquired	Fixed line and wireless telecom services provider in South Africa	-	-	48/100
8th	Fibertime Stellenbosch (South Africa), Series A	Provider of pay-as-you-go uncapped fiber internet to underserved communities	$2.35M	Finnfund	39/100
9th	Mweb 1997, Cape Town (South Africa), Acquired	Fixed-line internet service provider	-	Naspers	39/100
10th	Webafrica 1997, Cape Town (South Africa), Funding Raised	ISP in South Africa	-	Agora Tec	30/100
30th	123NET 2014, Durban (South Africa), Unfunded	FTTx service provider in South Africa	-	-	22/100