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.

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