Keep BT Local has submitted a revised bid to the Burlington City Council. The revised bid includes:
- Carried Interest or cash for City and Citibank for the ‘base’ purchase offer of $12M
- An increase in our offer from $12M to $18M
- Revisions to the City and School contracts
- More favorable terms for the Maine Fiber Company Loan Contract in the event of a default.
- Working Capital improvement
- Increased Investment in the Tech Economy
- Specific Pricing Committments
For the details of our bid revisions, please see:
(0) Changes Overview, and (1) KBTL Offer.