The City of Provo, Utah has sold its iProvo network to Broadweave Networks, a local fiber-optic services provider, for $40.6 million. 
Under the terms of the deal, which is subject to municipal council approval, the city retains a license to use the network to connect city buildings, schools, and power infrastructure. Broadweave will operate as both the network owner and the service provider.
The City said the sale price is enough to retire the outstanding bonds incurred to build the network.
iProvo is believed to be the largest municipally owned fiber-to-the-premises network in the U.S., passing all 36,000 residences and businesses within the city.
Broadweave, which offers Triple Play residential services, also plans to sharpen its focus on business subscribers.http://www.provo.orghttp://www.broadweave.comUTOPIA (Utah Telecommunication Open Infrastructure Agency) is a different municipal fiber project.
