Internet and communications provider NorthState will make a big impact in Forsyth and Randolph counties, bringing ultra-high-speed fiber internet service to approximately 38,000 residents and businesses. The NorthState expansion will blanket the region with more than 683 miles of the latest fiber-optic technology featuring 100 Gig speed capacity at a cost of approximately $51 million.
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A public-private partnership will expand broadband access in Orange County. $10 million in federal funds will be used, and NorthState will invest as well.
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Fiber internet provider NorthState will operate as an independent company, with continued financial support from Swedish firm, following the sale of its parent company’s commercial business to Cox Communications.
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Royster Tucker III, chief executive officer at Triad-based NorthState, is stepping down as Charlotte-based Segra closes on the $240 million acquisition of the communications firm.
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Here’s our latest wrapup of upcoming conferences, contests, workshops, application deadlines and socials happening across North Carolina in February.
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The voting results indicate that 99.1 percent of votes cast were in favor of the merger agreement, representing 88 percent of NorthState’s outstanding voting shares.
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North State Telecommunications, a North Carolina-based provider of telecommunications, cloud, cybersecurity and other services, is being acquired by Segra in a deal worth $240 million.
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Here’s our latest wrapup of upcoming conferences, contests, workshops, application deadlines and socials happening across North Carolina in July and August.
Read MoreThe NorthState Tech Lab is open at HQ Greensboro with the first four startups selected for the two-month acceleration program.
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