EarthLink to Sell Off its Muni Wi-Fi Business
Tell me something new: “Last November, EarthLink announced it would not make any further “significant investments” in its muni wireless business and that it would “begin a process to consider its strategic alternatives.” Yesterday, the company announced that the alternative it has settled on is to sell off the business altogether. The news came when EarthLink released its Q4 and Full Year 2007 financial results. While the company has committed to a plan to sell its muni wireless assets, which it values at $40 million, as yet, there are no takers. The move did not come as a surprise to…