A Wednesday vote by the Virginia Coalfield Coalition clears the way for a private firm to acquire BVU’s OptiNet network, though some unfinished details still remain.
The coalition’s board voted 14-0, with two members absent, to approve a deal for Sunset Digital Communications of Duffield to acquire the telecommunications network and assume an operational role in VCC’s 4G wireless network.
Sunset first announced its intention to buy the fiber-optic network for $50 million in February 2016.
The vote occurred at the end of a nearly five-hour meeting at the LENOWISCO Planning District Commission office. It included a four-hour closed session — excluding the public and news media — that featured nearly two hours of attorneys for VCC and Sunset shuttling between different rooms to review aspects of the deal with each other, BVU and Scott County Telephone Cooperative.
