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$20 Million at Stake in AP&T Bond Lawsuit

Last week, Alameda Power & Telecom announced a deal to sell their Telecom division to Comcast for a nominal offer price of $17 million. They also announced that the City of Alameda is in litigation with holdout bondholders who refused to assent to the sale. $20 million hangs in the balance.

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Details on Alameda Power & Telecom – Comcast Deal

** CORRECTION – City Council to review the deal Tuesday, Nov. 18th. Details now online from AP&T here.

Alameda Power & Telecom has struck a deal to sell their struggling Cable TV and Internet division to Comcast. Here are some of the details, including a video statement by AP&T General Manager Girish Balachandran.

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