MetroBridge Networks International Inc., based in Vancouver, British Columbia, has announced a letter of intent to acquire Utah Broadband LLC, based in Salt Lake City, for $5.4 million.
Utah Broadband has broadband wireless operations in six counties and about 3,000 customers. It has annual revenues of more than $2.2 million. MetroBridge also delivers broadband wireless access.
The transaction involves $4 million in cash and $1.4 million in MetroBridge shares. It is expected to close in early 2008.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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