Broadweave announced today that they plan to go one step further than buying out the customer lists and acquire Veracity as well. Veracity has over 10,000 clients but only a handful are on UTOPIA or iProvo. Most of Veracity's customer base is in T-1 lines or DSL services as well… Continue reading
I took the time to sit down with a copy of the proposed purchased agreement with Broadweave (warning, PDF) and found a number of glaring holes and deficiencies in this arragement. Broadweave Networks of Provo LLC is listed as the purchaser, yet no such corporation currently exists with the State… Continue reading
You'd like to think that a company planning to buy city assets would have all of their paperwork ducks in a row. Seems that Broadweave, however, has neglected to file a substantial amount of paperwork required to legally do business. South Jordan, the location of the company's headquarters, has no… Continue reading
This kind of news is almost too good to report. After being tipped off by an anonymous source, I did a bit of digging as to who owns Traverse Mountain. Turns out that it's a Mr. Stephen Christensen, an uncle of Broadweave CEO Steve Christensen. In short, it appears that… Continue reading
This opinion piece was published in today's Daily Herald. As an advocate for open-access municipal fiber optic networks, I was disappointed to learn that Provo planned to sell iProvo, the nation's largest such network, to a private entity who planned to become the sole retailer. This disappointment quickly turned to… Continue reading
There's been a lot of good commentary from other bloggers about the pending sale of iProvo to Broadweave Networks and it appears to be mixed at best. Pete Ashdown isn't happy with the way the RFP has been conducted. If they wanted to entertain purchase offers, they should have said… Continue reading
This morning, an inside source disclosed the fate of the existing iProvo retailers. According to this source, Broadweave plans to announce on Thursday that they will be buying out the customer lists from MSTAR, Veracity and Nuvont to become the sole retailer on the network. This move comes as MSTAR… Continue reading
As unveiled at the meeting in Payson, Todd Marriott was named as the new Executive Director of UTOPIA today. I had suspected it from the moment they introduced him at one of the earlier meetings and it's exciting to have someone with sales savvy and a passion for open networks… Continue reading
Despite high hopes. Payson's City Council voted 4-1 against the new UTOPIA bonds citing concerns about their future revenue streams. Council Member Hancock cast the lone yes vote despite getting a second for the motion to adopt the resolution. This means that they will likely have to start paying out… Continue reading
Talk about stretching yourself thin. Broadweave mentioned to the Daily Herald that they plan to buy a fiber optic network in Houston, Texas, likely the OEN network that went belly-up after less than a year of operations. They only manged to reach about 5,000 customers before abruptly halting service, falling… Continue reading