Tag:fibrant

  • State lets Salisbury refinance debt for muni broadband system

    Bleeding money, unable to sign up enough subscribers, and incapable of investing in new technology to attract users, Salisbury’s beleaguered municipal broadband service is about to be leased to a private firm. The N.C. Local Government Commission approved a deal Tuesday, July 10, allowing Salisbury to…

  • Salisbury voters approve leasing Fibrant broadband to Hotwire

    An overwhelming 81 percent of voters in Salisbury on Tuesday said the city should lease its Fibrant broadband service to Hotwire Communications. The unofficial vote was 2,602 to 590. As Carolina Journal reported, the proposed lease would go for 20 years beginning July 1, with Hotwire paying back the city a…

  • Salisbury Sewer Fees Prop Up Broadband

    SALISBURY — This spring, Moody’s downgraded Salisbury’s bond rating, citing debts by its Fibrant broadband service. Moody’s notes that Salisbury borrowed $7.6 million from its water and sewer fund to support the Fibrant fiberoptic network. The report also points out that while Salisbury is making 1 percent interest payments on the…