Knology plans debt restructure
Broadband communications provider Knology Inc. announced Tuesday a deal to restructure its existing debt to eliminate about $250 million, company President and CEO Rodger Johnson said.
"While bonds are trading down ... it's a great time to renegotiate your deal," Mr. Johnson said. "The much stronger financial structure this gives us ensures that people in Augusta will enjoy competition in broadband for years to come."
Knology employs 300 at its regional call center in Augusta. The money it saves through restructuring will be used to increase the company's customer base, Mr. Johnson said, creating the need for more call center jobs in Augusta.
SunCom expands along Furys Ferry
SunCom, a member of the AT&T Wireless Network, has extended its digital wireless network along Furys Ferry Road, southeast of Evans.
The move was made to enhance signal strength in the West Lake community, where there is a concentration of current and potential customers, said Eric McCarty, the market manager for SunCom's Augusta, Aiken and Athens markets.
"We'll basically be filling in a gap in coverage where the signal strength was not as high," he said. "It's more of an enhancement of service than anything."
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