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Broadband Infrastructure Inc. Recapitalized for 2021 Growth

Broadband Infrastructure Inc., the parent company of Carolina Underground Solutions, LLC and Absolute Technologies, LLC, kicked off 2021 by closing on a funding and recapitalization deal with Emigrant Business Credit. The deal is worth $7.5 million in total capital. The new capital will allow BbI to finance its growth and allow the company to accommodate its pipeline of business. “We are in an industry boom, based on the massive fiber optic infrastructure buildouts taking place across the country,” said Brad Cunningham, BbI CEO. “These buildouts will likely go on for the next 10 years. Securing access to significant capital is critical to growth and long-term success for the BbI team and our customers.”