The U.S. is a land of opportunity for broadband providers now that universal broadband has become a national priority and unprecedented funding has become available to cover some construction costs in unserved areas. Those opportunities also were a big factor…
Broadband provider Brightspeed has completed a network deployment in Eutawville, South Carolina that was funded, in part, through the South Carolina 2021 Rural Broadband Grant Program. The network provides service to more than 3,000 addresses in the town and the…
The newest large broadband service provider Brightspeed is implementing a plan, the Shared Success Plan, under which employees would benefit from any future transaction that includes a change of control of the company. Employees with at least a year with…
Lumen’s sale of incumbent local exchange carrier (ILEC) operations in 20 states in the Midwest and Southeast to Brightspeed has closed. When the deal was announced in August 2021, the selling price was $7.5 billion, with the acquiring company also…
Charlotte, N.C. – September 16, 2022 – Connect Holding II LLC d/b/a Brightspeed (“Brightspeed”) today commenced marketing to potential lenders and investors the debt financing for its previously announced acquisition (the “Acquisition”) of the incumbent local exchange carrier business of…
North Carolina’s Growing Rural Economies with Access to Technology (GREAT) matching grant program has awarded Brightspeed more than $90 million to bring broadband to 38,000 addresses in 29 counties. The grants were announced last week by the North Carolina Department…
Brightspeed, which is heading into the home stretch of announcements, says that it will deploy fiber broadband to more than 72,000 addresses in New Jersey. The first phase will bring the network to as many as 20,000 addresses in Hunterdon,…
Brightspeed continues its methodical run of announcements with the news that it will pass more than 120,000 Indiana addresses with fiber broadband. As usual, the project will be executed in two phases. More than 50,000 passings in 20 counties will…
Brightspeed says that it will deploy its multi-gigabit fiber broadband network in Illinois and Michigan. In total, the service provider will pass 69,000 addresses over the next several years. In Illinois, Brightspeed will pass as many as 14,000 addresses in…
The FCC has approved the sale of Lumen local exchange carrier operations in 20 states to Apollo-managed funds. The deal is expected to close early in the fourth quarter. FCC approval was the final hurdle in obtaining regulatory approvals for…
Brightspeed says that it is bringing its symmetrical multi-gigabit fiber broadband platform to Kansas. The company says that it will pass more than 10,000 addresses by the end of next year and 45,000 in subsequent years. The initial build will…
Brightspeed will bring its all-fiber broadband network to 50,000 addresses in South Carolina. The first phase will focus on 14,000 addresses in Beaufort County and will be completed by the end of next year. The balance of the passings –…
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