The Loop 

The Memphis Networx deal approved by the MLGW board last week is awash with apparent conflicts of interest. How real are they?

It's difficult to tell who exactly emerged victorious from last week's MLGW board meeting that finalized approval of the sale of its interest in Memphis Networx to Denver-based Communications Infrastructure Investments (CII). The big losers, however, were easier to spot: MLGW ratepayers,…

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  • Memphis Networx: Why the Rush?

    The clock is ticking. On Thursday, July 5th, MLGW's Board of Governors will vote whether to sell Memphis Networx to a Colorado-based holding company, Communications Infrastructure Investments (CII), for $11.5 million -- a loss for MLGW exceeding $28 million. Networx representatives have cautioned that any significant delay could negatively impact a deal that, for MLGW ratepayers, is already negative.

    Before the vote, however, some serious questions should be asked regarding potential conflicts of interest and the business practices that led MLGW to this juncture...

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