Charlotte’s Brightspeed Closes on $7.5 Billion Deal To Become One of America’s Top ILECs

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This past March, we announced that telecom giant Brightspeed was building their new headquarters right here in Charlotte.

The company has now closed on a $7.5 billion deal to acquire the network assets of Lumen Technologies across 20 states, positioning Brightspeed to become one of the largest incumbent local exchange carriers (ILEC) in the nation.

They also recently commenced the construction of its state-of-the-art $2 billion fiber optics network, consisting of 1 million new fiber passings across 17 states. When completed, the new network will bring high-speed internet to more than 3 million homes and businesses.

“After more than a year of preparation, we are thrilled to officially begin serving customers as Brightspeed, and to start work to accelerate reliable connectivity for existing and new customers across our footprint,” said CEO Bob Mudge in a press release. “We believe internet equals opportunity for households and businesses alike and are committed to making an impact on the rural-urban digital divide. We are fortunate to have an exceptional strategic partner in Apollo, whose significant investment speaks volumes about the potential of our service area and what fiber technology can do to further the growth and competitiveness of our communities.”

For more information about Brightspeed’s vision and career opportunities, please visit the company’s website, www.brightspeed.com.

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