Vitts closes; President wants Internet tax bans
Vitts Networks, a Manchester, N.H.-based DSL provider, shut off its network last Wednesday after a lengthy legal battle between the state PUC and creditors. The company filed for Chapter 11 protection in January, claiming $62 million in debt and weekly losses of about $500,000.
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With the current bans on Internet taxes set to expire on Oct. 21, President George W. Bush last week called for the bans to be made permanent. “We need to understand how powerful the Internet can be to commerce and growth,” Bush said in a speech to the Electronic Industries Alliance.
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© 2012 Penton Media Inc.
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