Fiber Networks Go on the Block

A decade ago, dozens of companies rushed to build fiber-optic networks, envisioning a new era of high-speed telecommunications. They overbuilt, triggering a string of bankruptcies and wasting billions.

Now, amid a surge in broadband Internet use, demand is finally catching up with supply. At least three privately owned operators of fiber-optic networks have put themselves on the block in recent weeks, hoping to fetch hefty prices.

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