Carolina Broadband Inc.
| Position | Cancels operations launch in Charlotte and Raleigh, North Carolina - Brief Article - Statistical Data Included |
Blaming the sluggish economy, Charlotte-based Carolina Broadband Inc., a privately held cable- and phone-service start-up, has mothballed plans to launch operations in Charlotte and Raleigh. The company laid off 88 of its 110 employees in June -- 64 in Charlotte and 24 in Raleigh -- as it announced it was delaying construction of fiber-optic networks in both cities. Carolina Broadband moved from Boston to Charlotte last year and landed cable-TV franchises in Charlotte and Raleigh. It raised $402 million in venture capital to start building...
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