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CHARLOTTE-Working on a 15-year, city-signed franchise contract, locally-based Carolina Broadband is going cable-to-cable with Time Warner and satellite TV companies to win market share from local residents next year.

The company will lay about 4,000 miles of fiber-optic cable at a cost of $300 million in the Charlotte area. First Union Capital Partners, Bank of America Capital Investors and Carousel Capital, all local lenders, contributed to the company’s $400-million funding package.

The firm will also build a new corporate headquarters and a customer services center with a potential work force of 1,500. The contract stipulates the company’s services must be available to 60% to 75% of the city within four years.

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