Cash Crunch Curtails Carolina Broadband

Farrell, Mike
July 2001
Multichannel News;7/2/2001, Vol. 22 Issue 27, p1
Start-up Carolina Broadband Inc. (CBI) last week joined the list of competitive broadband-service providers that have significantly scaled back their ambitions. The company said it would let most of its employees go and suspend its plans to build a cable and telephone network in Charlotte, North Carolina. CBI said last Tuesday that it would eliminate 88 of 100 workers, mostly network-construction employees. President William Schuler said the company could not secure the debt financing it needed.


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