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Conterra Raises $41 Million

Conterra Ultra Broadband Inc., a Charlotte, N.C.-based provider of broadband transport services in suburban and rural markets, has raised $41 million in private funding. The deal was led by an undisclosed “investment management firm with more than $13 billion in assets.” Also participating were DukeNet Communications LLC, a subsidiary of Duke Energy Corp., and another undisclosed existing shareholder. www.conterra.com