8:08PM July 28, 2016
So, Elevate is a wholly owned for-profit subsidiary of DMEA. How does that work? Where will the profits go?
From the article, http://www.deltacountyindependent.com/dmea-chief-unveils-broadband-details-cms-3215, it stated that DMEA will own the middle mile and lease it to Elevate.
Why does Elevate have the for-profit structure, when DMEA is not-for-profit? Is this just to get funding to build the construction, or is this just a vehicle to limit losses? Does this allow for Elevate to declare a dividend and send the profits back to DMEA?