Saturday, November 13, 2010
PSC Approves FiberNet Sale
WEST VIRGINIA...
West Virginia regulators on Friday approved nTelos' plan to purchase Charleston-based FiberNet for $170 million.
The state Public Service Commission cited nTelos' financial strength and its pledge to spend $40 million in West Virginia as reasons for approving the sale, according to a 10-page order filed Friday afternoon. Waynesboro, Va.-based nTelos will become the state's second-largest telecommunications provider -- behind only Frontier Communications -- after the deal closes.
# posted by Homer Owens @ 4:04 AM 
