ConEd sells fiber unit to FiberNet Telecom

0 Comments : With all the noise around broadband over powerline, it is interesting to note that large energy companies still continue to get out of the bandwidth business. Today, Consolidated Edison agreed to sell its Consolidated Edison Communications Holding Co. fiber optic network operator unit to FiberNet Telecom Group Inc. for about $37 million in cash, according to The deal doubles FiberNet’s sales. Profits, well lets not talk about those things right now, shall we.

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