Broadband infrastructure provider Trueline goes out of business

The broadband construction firm Trueline Infrastructure Solutions was supposed to bring competition to the market, but instead the company has gone out of business. Trueline sent an email to its approximately 300 employees, terminating their employment immediately. The email said, “As many of you are aware, Trueline has been facing unprecedented changes in the market, compounded by increasing competitive pressures. After carefully evaluating and pursuing all potential options to strengthen Trueline’s financial position, we have made the difficult decision to initiate a wind-down of our business.” The company said a small group of employees will remain for a few weeks to shut everything down.