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Kansas City Power to buy Fiber Network

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KANSAS CITY, Mo. Dec. 28 -- KLT Telecom Inc., a unit of Kansas City Power & Light Co., will acquire a controlling interest in DTI Holdings Inc., in a purchase agreement worth $33.6 million in cash. KLT Telecom, which manages Kansas City Power & Light's equity holdings, is interested in DTI Holding's soon-to-be-constructed fiber optic network. We see a significant opportunity to realize value for Kansas City Power & Light shareholders through the completion and marketing of this high-capacity network, said Greg Orman, chief executive and president of KLT Telecom. KLT Telecom will...Read full article

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    Published: December 2000
    Communicationsfiber opticsNews & Features

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