The City of Dryden has two offers on the table to sell off its telephone company.
Tbaytel of Thunder Bay and Bell Aliant have put in offers to acquire parts of the Dryden Municipal Telephone System (DMTS), which has been an operating city department since 1996.
In a Sept. 20 release, the city council has agreed in principle to an offer by Tbaytel to buy the “customer assets” of Dryden Mobility. The proposed purchase price was not disclosed in the press release.
Council has also agreed to a separate offer from Bell Aliant to buy DMTS's landline and internet assets for $4.5 million.
“It makes good business sense to consider the offer from Tbaytel and its potential benefits to the City of Dryden and Dryden Mobility Customers,” said Mayor Craig Nuttal in a statement. “Dryden Mobility has been a great asset to the City of Dryden but now is the time to consider what is best for its future in light of increased competition and technological changes in the telecommunications sector.”
The transaction is subject to final approval by the city at a special public meeting, Sept. 27, followed by government regulatory approval from Industry Canada and the Canadian Radio-television and Telecommunications Commission.
.jpeg;w=120;h=80;mode=crop)
