The American Fork, Utah fiber-optic network is up for sale, again
American Fork, Utah was in negotiations to sell their fiber-optic network to a Swedish partnership, but had to cancel the sale when the partnership was unable to gather the funding needed to invest a planned $8 million in American Fork’s network.
The city purchased the network in 2002 for $6 million, with officials expecting to bring in $300,000 a month. The network ended up losing $1.2 million a year, with American Fork currently owing about $5 million on the bond used to purchase the network.
Back to the drawing board, American Fork is collecting new proposals to buy the network.
CWA urges the FTC and the DOJ to take into account in merger review guidelines the role of collective bargaining in counterbalancing employer market power