Video Internet Broadcasting Corp. announced a memorandum of understanding Thursday to buy Provo Cable by the end of July, AP reported.
"The negotiations process with the city is now winding down," VIB TV chief operations officer Bob Murtagh told AP.
Ephrata, Wash.-based VIB TV is providing services in the Utah city through a municipal high-speed fiber-optic network.
The incumbent cable operator serves more than 2,400 subscribers.
VIB TV said that once its fiber-optic network is in place, it will offer Provo subscribers the option of upgrading to its “HomeNet” package of high-speed-data, television and telephone service.
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