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The American Fork, Utah fiber-optic network is up for sale, again

11 Apr, 2007

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.

Fiber-optic network for sale (Desert News)


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