Broadweave to acquire embattled iProvo

Fiber network operator Broadweave is acquiring iProvo, the initially much ballyhooed but not very successful municipal fiber network in Provo, Utah. The network supplying triple play services to 10,400 residents in Provo will be sold for $40.6 million. Customer sign-up had been slow entering 2007, and in the spring of last year, Provo city officials began entertaining acquisition offers for the network. The network reportedly was on course to lose $2 million this year.

For more:
- read this article at The Deseret News

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceTelecom!

The Telecom industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceTelecom as their must-read source for the latest news, analysis and data on the intersection of telecom and media. Sign up today to get telecom news and updates delivered to your inbox and read on the go.

Suggested Articles

Thanks to the European and Asia-Pacific regions, global data center switch revenue bounced back in Q3 after two consecutive quarters of declines.

Lumen has teamed up with Itential to boost automation across multi-domain networks for service providers, enterprises and cloud providers.

The Open Networking Foundation's Aether platform, which includes 5G, edge and cloud, has taken flight with a $30 million contract funded by DARPA.