Fourth Bidder for Burlington Telecom Says He’s Out for Good

Fourth Bidder for Burlington Telecom Says He's Out for Good
Fourth Bidder for Burlington Telecom Says He’s Out for Good
“Everyone treated me with respect,” he said. “This is a great city. This is a phenomenal asset,” he added, talking about Burlington Telecom. “They seemed to be very very strong in that area,” he said.He had liked ZRF’s emphasis on growing Burlington Telecom and nurturing small business growth in the city, he said. 

Schurz’s CEO, Todd Schurz, said he was approached by a “third party that knows BT and knows us.” He declined to say who the person was, but a Schurz spokesperson, Brian Lynch, said it was not Dorman or anyone associated with their firm. “Since Tuesday we have spent hours together and with other parties exploring whether there is a way in which the fourth bidder could re-enter the BT sales process. The bidder has chosen to remain withdrawn from the process,” said a joint statement issued Thursday by Mayor Miro Weinberger and City Council President Jane Knodell, P-Central District.

Sep 28 2017, 7:38 PMSeptember 29, 2017 no comments

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The vote will take place Oct. 16 instead of Oct. 2, according to a statement from Weinberger and Knodell, further delaying a process that officials hope to complete before the end of the year. If Burlington hasn’t selected a buyer for the fiber network by the end of the year, it will retain a smaller portion of the sale proceeds.

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