Posted inPolitics, Politics Feature

More Questions about Networx

In June 2005, Joseph Lee lobbied the city to up its investment in Memphis Networx.

“We don’t believe that having a $32-million stake in [Networx] and failing to get a $6-million loan guarantee should result in us losing such a strong equity position,” he said, stressing the value of the Memphis utility’s majority share in the public/private telecom venture. …

Posted inNews

Is Networx Being Undersold?

Before taking on the $11 million Networx deal, Communications Infrastructure Investments entered into an agreement with Pennsylvania Power & Light to buy PPL-Telecom, a Networx-like subsidiary. That deal is valued at $60 million. Yes, $60 million.

Chris Davis ponders the situation …

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