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Another Municipal Broadband Sale

December 7, 2017

Last week, this blog reported that Burlington, Vt. is very close to finalizing the sale of its municipal broadband network. This week, a network in Florida is on the auction block. According to Government Technology, Leesburg, Fla. “has reached agreement with a broadband company to sell its fiber-optic utility for $7.25 million.” Summit Broadband is …

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Burlington, Vt. City Council Approves Municipal Broadband Network Sale

December 1, 2017

The sale of Burlington, Vt.’s municipal broadband network is final. According to MyChamplainValley.com, on Tuesday the City Council accepted a $30.8 million offer from Schurz Communications, a family-owned cable company out of Indiana, and the private equity firm ZRF Partners to buy the network.  Coalition for the New Economy blog readers will remember that Burlington …

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Heartland Institute Scholar: Time To Sell Burlington Telecom

October 17, 2017

The Coalition for the New Economy has discussed the failure of Burlington, Vt.’s municipal broadband network, Burlington Telecom (BT), several times over the past few years. In 2013, we noted the system “borrowed” (perhaps illegally) $17 million from city taxpayers. We’ve reported that, at one point, the system was carrying at least $50 million in …

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