Last night, Provo Mayor John Curtis gave an update on iProvo and the city’s continuing involvement with the network and it looks like the city finally has an executive who wants to face facts. The reality of iProvo (or more accurately, the network sold to Veracity) is that revenues still… Continue reading
I just got word that Veracity and Broadweave have completed their merger into Veracity Networks. It’s been all quiet on the Provo front for some time, so it’s good to know that things are still moving. Press release is after the jump.
As I predicted yesterday, Provo’s Municipal Council signed off on the proposal from Veracity to merge with Broadweave and float some of the bond payment for 10 years. (I also totally called Steve Turley voting against the proposal.) I’m not surprised at all given the political climate surrounding the network…. Continue reading
Tonight, Provo’s Municipal Council will likely make a decision on the proposal from Veracity to float part of the bond payment for upwards of 10 years. I’m not going to delude myself or any of you: the meeting and vote is mere formality. The Council will, amidst some grumbling, approve… Continue reading
The Salt Lake Tribune wrote up an article on Tuesday’s decision to delay the vote on accepting Veracity’s offer and it brings up interesting points on how the loan from the Energy Department’s reserves will be secured. The plan is to have existing customer accounts and any new accounts on… Continue reading
Just a head’s up that Provo’s Municipal Council had to delay the vote and discussion on the proposal from Veracity and Broadweave until another day. Some of the language in the final resolution needed a bit of tweaking and I’m sure it didn’t help that a council member was absent…. Continue reading
Provo’s municipal council will meet tomorrow to discuss and vote on the proposal from Veracity and Broadweave to ease up on payments for a few years. The meeting will be at 7PM in the council chambers at 351 W. Center St. I’d encourage everyone to show up and share your… Continue reading
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
While many cablecos and telcos are holding the line on broadband pricing, UTOPIA may be stepping it up a notch. FuzeCore lists pricing for Internet connections that is more money for less bandwidth than we’re used to getting. XMission lists similar pricing for UTOPIA services in Tremonton, though the prices… Continue reading