City Council Authoriszes sale of AP&T Telcom Business
ALAMEDA, Calif., November 19, 2008 At its meeting Tuesday night, following a recommendation made by Alameda's Public Utilities Board the previous evening, the City Council authorized the sale of Alameda Power & Telecom's telecommunications business line to Comcast.
The actions, adopted unanimously by both bodies, allow the sale of telecommunications assets to Comcast to proceed. "The sale of the telecommunications system brings certainty and eliminates future financial risk to Alameda Power & Telecom and the City from continued operation of the telecommunications system," said Public Utilities Board President Ann McCormick. "Selling now also enables us to focus on our core electric business."
Full Press Release here:
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