That always sounded like a magic act to me. And presto - now you see em now you don't.
I wonder if that's what happened to the Dean Macdonald "this is a local company" cable operator?
One thing for sure - this company with it's partners in the great "Newfoundland" fibre optic trek - apparently needed money to make the "second" line project viable.
The thing that bothers me most about this magic trick - is the company that ended up buying out the Amazing Persona.
Here's the News Release
What's up with this?
You see - if you think back and remember what was said regarding the contribution of public money to the fibre optic project - Macdonald and Williams along with Minister Taylor explained the money was needed because there were no other possible partners to go in on the deal. They had the only possible partners in the deal - so government money was needed.
Now let's be logical - East Link - Bragg Communications can afford to buy out the entirety of the Amazing Persona but what? Could not afford to be a partner in the fibre-optic project? I think not!
So what is the truth?
Where does this leave the Auditor General's review - considering a portion of it would be to review Persona's need for Government money?
Which companies are involved in the fibre-optic project now? Which one received government money? Is there an official consortium yet? Does it have a name?
The sale made the whole thing look more questionable to me - who will go after the answers?
Are MTS and Rogers still involved?
Will their interests in the project be bought out?
Did the government money help the sale potential of Persona?
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