Peter’s Soapbox

ECFiber Finds Underwriter

It was announced this evening at the regular ECFiber governing board meeting that the group, representing 23 towns in east central Vermont with an aim to build a municipal fiber-to-the-home network, is in negotiations with Oppenheimer & Company, Inc. to underwrite an $80M investment to create the network. Sovereign Bank has been hired as a financial advisor on the deal, and Greenberg and Traurig, LLP has been chosen as financial counsel to ECFiber and its member towns.