News Release — Burlington City Progressive Steering Committee October 15, 2017 Contact: Kelly Mangan, [email protected], 802-324-6560 Don Schramm, [email protected], 802-399-2493 KBTL offers the longest term value for Burlington citizens Burlington, VT – The Burlington City Progressive Steering Committee has voted unanimously to support Keep BT Local’s bid to purchase Burlington Telecom. Members cited numerous reasons […]
The Burlington City Council chair says Keep BT Local could have a difficult time making debt repayments.
As we near a decision on a Burlington Telecom buyer, though, let’s make sure the council and mayor weigh all of the risks and benefits.
Burlington Mayor Miro Weinberger and the city council will choose two finalists on Monday.
Miro Weinberger said there is a “near certainty” the city would be sued if it accepts the $12 million offer from Keep Burlington Telecom Local.
Stormfront’s domain is now registered by Tucows, the parent company of Ting, a finalist in the bid to purchase Burlington Telecom.
“Keep BT Local has weaknesses with various financial benchmarks,” an accountant wrote to a legal firm helping the city with the sale.
Keep BT Local supporters say that without the community oversight of a local cooperative, Burlington Telecom could be resold to a telecommunications giant.
The Burlington City Council will delay a vote to winnow the offers down to two finalists until Oct. 16.
The mayor and the city council have agreed to try and work out a conflict of interest that led to a fourth Burlington Telecom bidder dropping out.
News Release — Burlington Business Association September 20, 2017 Contact: Kelly Devine Phone: 802-863-1175 www.bbavt.org Burlington, VT –This morning, Mayor Miro Weinberger and City Attorney Eileen Blackwood announced details of the three bids to buy Burlington Telecom. The offers come from 2 companies: Ting, which is owned by Tucows, Schurz Communications and a local cooperative bid from Keep […]
Some City Council members are crying foul at the withdrawal of one of the bids, saying their trust was violated.
KBTL’s bid offers $12 million to the city in return for a Burlington Telecom that will be wholly owned by its subscribers.
City officials said they were motivated, in part, by residents calling for greater transparency in the sale process.