Carolina Broadband Inc.Blaming the sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. , Charlotte-based Carolina Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). Inc., a privately held cable- and phone-service start-up, has mothballed plans to launch operations in Charlotte and Raleigh. The company laid off 88 of its 110 employees in June -- 64 in Charlotte and 24 in Raleigh -- as it announced it was delaying construction of fiber-optic networks in both cities. Carolina Broadband moved from Boston to Charlotte last year and landed cable-TV franchises in Charlotte and Raleigh. It raised $402 million in venture capital to start building the networks, with which it planned to offer cable, Internet and telephone service in competition with companies such as Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. and BellSouth Corp. But the economic downturn prevented Carolina Broadband from raising an additional $400 million it needed for construction. Company officials still hope to begin building the network when the economy bounces Bounces is a 1985 sports/fighting game released for the Commodore 64 and ZX Spectrum. Points are scored by catching and throwing the bouncing ball into a goal, or by knocking the opponent out with the ball or hand-to-hand combat. back. |
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