Thursday, December 12, 2013

Is Utopia in Utah a Potential Investment Target for Google?

Is Google Fiber, now the owner of Provo, Utah’s municipal fiber access network, about to buy or invest in Utopia, the other municipal-owned fiber access network in Utah?

It appears that is at least possible, as officials  from the 11 municipal investors in Utopia recently have signed nondisclosure agreements with Utopia, in advance of revealing talks with a new investor said to be an “Internet giant.”

To be sure, talks might be possible with any number of “Internet giants,” Google Fiber likely is the logical potential entity interested in investing.

Utopia is a financially-challenged supplier of open access gigabit fiber to the home networks in Brigham City, Centerville, Layton, Lindon, Midvale, Murray, Orem, Payson, Tremonton
and West Valley City, Utah.

Utopia operates a wholesale network used by Beehive Broadband, Brigham-net, Dish Network, Fibernet, InfoWest, SumoFiber, Veracity Networks, Webwave and XMission.

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