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Sunday, August 14, 2022
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Apollo-backed telco plans HQ in Charlotte’s South End

Telecommunications company Brightspeed signed a lease agreement for a 27,000-square-foot corporate headquarters in Charlotte’s South End neighborhood. It will start occupying the space at the Vantage South End building in the fourth quarter.

The HQ will house corporate functions including legal, marketing, finance, and human resources  as the company expands in its 20state footprint. Brightspeed expects to hire for more than 100 positions for the office.

Ex-Verizon execs Robert “Bob” Mudge, Tom Maguire and Chris Creager are joining with private-equity giant Apollo Global Management to acquire $7.5 billion of independent local exchange assets from Monroe, La.-based Lumen Technologies. The deal was announced last year and is pending regulatory approval. Lumen was formerly called CenturyLink.

Brightspeed’s plans call for spending $2 billion to deploy fiber to 3 million locations over the next five years, or about half of the addressable locations in Brightspeed footprint.

 “Brightspeed is thrilled to be setting down roots in Charlotte. The dynamic economy, customer community, employee talent pool, firstclass real estate opportunities, and access to transportation all factored into our decision to select the Queen City as our new home base,” Chris Creager, chief administrative officer, said in a press release. Our goal is to create the kind of sustainable, highperformance workplace that will inspire our employees as we undertake our mission to improve and enhance internet access and Wi-Fi for new and existing customers.

David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

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