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Digital Teleport to Auction Fiber Optic Business

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ST. LOUIS, Jan. 1 -- Digital Teleport Inc. has asked a federal bankruptcy court for approval to conduct an auction for the sale of its regional fiber optic business to the highest bidder and disclosed it has received a definitive $38 million bid from local exchange telephone company CenturyTel Inc. Digital Teleport Friday afternoon also asked the US Bankruptcy Court for the Eastern District of Missouri in St. Louis to approve bidding procedures and to set a Feb. 10 auction date with a potential sale to be approved by the court on Feb. 18. Bids from any other qualified buyers are due Feb. 7....Read full article

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    Published: January 2003
    Communicationsfiber opticsNews & Features

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