Update on the Process of Sale for Burlington Telecom

from the desk of Burlington Telecom Advisory Board

Update on the Process of Sale for Burlington Telecom
Dear BT Subscriber,

I’d like to take a moment to update you on where the City stands in the process of selling the assets of Burlington Telecom. As outlined in the document describing the process and timeline for the sale of BT, which was approved by the City Council on February 27, 2017, we are approaching the last quarter of the time period during which interested parties are able to conduct due diligence to learn more about BT’s operations.

At this point, we have received interest both from local groups as well as from around the country. Initial Letters of Interest are required by the end of May. The Burlington Telecom Advisory Board (BTAB) will spend the month of June reviewing and discussing offers received, and will identify those that best meet the criteria established by the BTAB and approved by the City Council in 2016 for a new owner of BT. Finalists will be presented to the full City Council in July.

We are encouraged, at this stage, by the number of interested parties, as well as the conversations and meetings to date. It is too early yet to get a sense of how many offers might be received, but we look forward to sharing more detailed information about the finalists with the public and the City Council in July.

For more information on the criteria, history, and timeline of the sale, please visit: www.burlingtontelecom.com/settlement.

Thank you for your continued interest in and support of Burlington Telecom, an “Unmatchable Internet for an Unmatchable City.”

David Provost
Chair, Burlington Telecom Advisory Board
The next Burlington Telecom Advisory Board meeting will be held on

Wednesday, June 14 at 5:30pm in City Hall, Room 12.

These meetings are open to the general public.