Broadweave Networks says they've
completed the acquisition of the iProvo municipal fiber network after announcing plans to purchase the system for $40.6 million last May. "The acquisition makes Broadweave one of the largest Fiber-To-The-Home (FTTH) network operators in the country with a network that passes 36,000 homes, businesses, government buildings, and schools at speeds up to 1,000 times faster than cable or DSL," proclaims the company. Broadweave's first order of business for those 36,000 customers was to replace all in-home gateways, which were thought to be causing VoIP connectivity issues for those customers.
After gobbling up Utah's iProvo municipal broadband operations for $40 million
last March,
Broadweave, a small fiber to the home operator, looks to be
picking up the remnants of the Eagle broadband network in Houston. Eagle broadband filed for bankruptcy last fall, but are most noteable for their 2005
suit against 25 anonymous individuals for posting fake press releases and critical statements on the Yahoo finance message boards, which Eagle claimed led to a 76% drop in stock value. That suit
wound up much like their broadband business.
Earlier this month I noted that Broadweave networks was buying one of two Utah municipal fiber networks (
iProvo) for
$40 million. Broadweave
has announced that their first order of business will be to replace all of the gateways in the 10,500 homes currently connected to the network. According to Broadweave, the gateways (which aren't specified) have been the cause of telephone service failures on the fiber-optic network. Can anyone in Utah confirm the brand and model of the previously used gateways?