Schurz final letter of intent to buy Burlington Telecom released

BURLINGTON, Vt. (WCAX) The final letter of intent to buy Burlington Telecom was released Wednesday.

It outlines the late night, last-minute deal approved in concept by Burlington City councilors earlier this month. The mayor says the city has now started working with Schurz Communications on the purchase agreement for BT.

Next, the City Council will discuss the letter at its meeting Monday. A vote is expected after that on Dec. 18. The goal is to sign a deal by the end of the year. State regulators would then have to sign off on the sale next year.

Click here to see the letter of intent from Schurz.