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Broadweave buys 2 iProvo providers

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Anonymous | 1:23 p.m. May 17, 2008
Mark my words. We are going to continue to hear about more and more nepotism and back door deals as this whole mess unfolds.
Help yourself to some stock | 2:23 p.m. May 18, 2008
At least the Provo city council is having sense enough to question the validity of Broadweave as a company. Why Veracity sold to Broadweave, I don't understand. "Hey, why don't you sell me your large profitable company for stock in my company with a weak history, no business licenses to operate, only 13 employees, little to no experience with the only customers being those who were obligated to sign up for service through their Traverse Ridge HOA contracts." Very surprising. If I had stock or some ownership in Veracity, I'd be quickly trying to sell it right now. Good move on Broadweave's part though.
Unhappy in Provo | 6:50 p.m. May 18, 2008
If the city is set on selling the network, or even bringing on a financial partner to back the bonds, why not open it up to an explicit, fair, and open opportunity for all interested parties to participate? To say the intention of the April 2007 RFP was such is rediculous. It was a call for service providers -- period. Talks with potential providers (i.e. MStar, Broadweave) then took in another direction.

MStar's proposal was turned down with the principal claim that it would not keep iProvo "open" as to the original design and ideals of the network.

Broadweave then arrives to the party a few months later with a similar, yet unimpressive proposal, and POOF, we now have a deal? Something definitely is not right about this one.

Council, keep a close eye on this one. You're asking many of the right questions. Keep digging.
Comments continue below
Concerned | 9:59 a.m. May 20, 2008
This turn of events is just following the long-term pattern of iProvo. The service providers were always given the gravy from any negotiation. So Veracity and Mstar walk away with the real money and the city pays Broadweave to take the network. The Veracity employees were guaranteed a job with Broadweave and the city employees were told to fend for themselves. It is no wonder this venture failed with Provo management constantly negotiating against themselves and the best interests of the city. I sure hope that someday there is a real accounting of the total dollars squandered away by those in charge. But this is Provo, so it's not likely. The mayor will probably have a special award given to those who managed this thing into the dirt and the spin will sound so sweet to those who have grown accustomed to lapping it up.
muniwatcher | 3:13 p.m. May 27, 2008
How did Broadweave get this deal w/out a number of bids from qualified outside parties?

Interested minds are inquiring?

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Jeffrey D. Allred, Deseret News

Broadweave Networks will acquire Mstar Metro and Nuvont Communications and integrate Veracity Communications' operations and customers.

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