News

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 refinance the Fibrant system’s $26.5 million in bonds. They...

Dan Way
News

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 percentage of its revenue from...

CJ Staff
News

Salisbury voters to choose whether to lease money-hemorrhaging broadband system

Salisbury residents will vote Tuesday on whether to lease its city-owned broadband system to a private provider. Critics say it could be a case of making the best of a bad situation. Salisbury officials want to lease the assets of Fibrant to Hotwire Communications — everything from the fiber to offices to vehicles — for...

Johnny Kampis
News

Six N.C. city systems make list of ‘broadband boondoggles’

RALEIGH – A North Carolina municipal broadband network has made the Taxpayers Protection Alliance’s “Dirty Dozen” — 12 high-profile taxpayer-funded internet projects that have cost the public more than $2 billion. The North Carolina network is MI-Connection, which provides broadband service to the Charlotte suburbs of Mooresville and Davidson. MI-Connection —$80 million in debt and has an annual...

Barry Smith

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