Looks like iProvo is going on the chopping block with a flurry of questions as to if it will even happen. Broadweave Networks of South Jordan has been announced as the buyer and will assume all wholesale and retail operations for $40.6M and they will assume the bond debt from the network. This means that MSTAR and Veracity are going to be cut out of the picture and Provo will have yet another vertically-integrated monopoly, one that apparently can't even deliver speeds close to iProvo's current speeds over its own network in Lehi.
Most disturbing is the lack of an open and transparent RFP process, something that makes the whole deal reek of a back-room deal. Mayor Billings just two weeks ago said a sale would be premature, then he pulls out this deal that was obviously in the works for some time. According to the Deseret News, the city had RFPs to buy the network from April of 2007 yet there was little-to-no public discussion about it. There's also the question as to if Provo can sell off the fiber rings that were paid for largely by federal grants as part of an air quality project to monitor traffic flows. While the city will still be able to use the network for municipal functions, eliminating the competitive marketplace for retailers is anathema to one of the original purposes of the network.
I'm left wondering if Veracity, Nuvont and MSTAR can survive having thousands of customers pulled out from underneath them like this and if this means that all three will no longer be viable options for UTOPIA. An implosion of all but XMission could have serious repercussions if new providers are not added soon, especially since CCG doubted that either company could escape bankruptcy for long.
I'm very disappointed in Mayor Billings and his lack of vision. I hope voters won't forget having the rug pulled out from under them like this.