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With the strong support of the Virginia Tobacco Commission (VTC) and the US Department of Commerce Economic Development Administration (EDA), MBC received $12 million in capital grants to build the first phase of the open-access fiber network in early 2004.
The MBC business plan called for cash-flow break even (operating revenue exceeding operating expenses) by June of 2008.
In 2012, MBC began sponsoring FIRST First Robotics Competition (FRC) teams in the MBC footprint.
In December 2013, MBC joined the Dynamic Spectrum Alliance, a global TVWS advocacy group.
Virginia Beach was announced in May 2016 as the location for the first transoceanic fiber cable landing station in the Mid-Atlantic United States to support MAREA, a partnership among Microsoft, Facebook, and Telefónica.
In April 2019, MBC and Microsoft announced a plan to build the SOVA Innovation Hub in downtown South Boston, Virginia.
MBC and QTS announced in June 2020 the successful implementation of an initial field trial that demonstrated 200 gigabits per second coherent transmission over a 50 gigahertz (GHz) channel on an existing MBC long-haul route.
The strategy was officially adopted by the GO Virginia Region 3 Council in October 2020.
As of 2021, the MBC network footprint spans 41 counties and cities in Southern Virginia with nearly 2,000 route miles of fiber stretching across the region.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Verizon Communications | 1983 | $134.8B | 132,200 | 88 |
| AUTOMATED DIGITAL TECHNOLOGIES | - | $284.9K | 5 | - |
| Altice USA | 2016 | $9.0B | 9,000 | - |
| WOW! Internet | 2001 | $630.9M | 1,500 | 4 |
| Coco Communications Corp. | - | - | - | - |
| Sinclair Broadcast Group | 1986 | $3.1B | 8,400 | 761 |
| Fox News | 1982 | $14.0B | 22,400 | 1 |
| Spectrotel | 1996 | $3.6M | 50 | 4 |
| Vyve Broadband | 2012 | $11.1M | 750 | 129 |
| Knology | 1995 | $518.6M | 1,861 | 63 |
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