I’ve spent the last week rolling over the proposed merger of Veracity and Broadweave as well as their proposal to Provo City upon which it is contingent. I’ve gotten more information from Veracity and Broadweave on their position and talked to other people who’ve been keeping an eye on things…. Continue reading
After a failed attempt at merger around a year ago, Veracity and Broadweave have decided to give a merger a second shot. The new company will be named Veracity Networks with Veracity’s Drew Peterson as CEO. Broadweave CEO Dave Moon will remain on the board. So what’s the new company’s… Continue reading
I received word from a reliable source at a service provider that Broadweave may be considering joining UTOPIA. This information was passed along from a company that both of them do business with. According to this company, Broadweave has stepped up its outsourced call center operations in preparation for adding… Continue reading
Found a nice little tidbit buried at the end of a story on Provo’s financial difficulties. Apparently the city is already preparing for the worst case scenario of getting the network back as Broadweave has depleted half of the reserve fund to make bond payments. Given that Broadweave is likely… Continue reading
A blog post showed up in my Google Alerts from a Provo resident who claims that Broadweave may be charging big-time install fees for customers not already wired to iProvo. Per the poster’s account, they called on behalf of a neighbor and was told that any home not already hooked… Continue reading
The Daily Herald quotes Broadweave’s acting CEO David Moon as saying that Broadweave doesn’t have the capital to agressively sign up new customers right now. The money required to hook up hundreds of new customers each month just isn’t there and they plan to continue making bond payments from the… Continue reading
The Society of Professional Journalists gave Provo an award, but not the kind they would want to get. The city received the 2009 Black Hole Award for repeatedly refusing to provide documents concerning the sale of iProvo to reporters from the Salt Lake Tribune. The failure to provide documents prevented… Continue reading
A solid source tells me that Nuvont is selling their iProvo customers to Broadweave effective today. Nuvont will retain its VoIP and Internet customers on UTOPIA and remain a service provider there. This isn’t much of a surprise given that Broadweave would likely not negotiate an extension of existing contracts…. Continue reading
Inside sources confirm the rumor from a month ago: Steve Christensen will leave his position as CEO of Broadweave and will not longer be a part of the company effective today. After months of relying on the line-of-credit to make the bond payment and facing an increasingly hostile HOA in… Continue reading
Word around the campfire is that EsNet isn’t very happy with how Broadweave is doing and plans to find a new operations manager as part of taking a more active role in the company. I’ve confirmed with with two sources, so it seems pretty solid. One of the sources claims… Continue reading