The company was purchased by a private equity firm, which is grouping five telecommunications companies under the same name.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Sebasco Harbor Resort sold to hotel management firm
The Phippsburg retreat has been sold to Massachusetts-based Giri Hotel Management, which operates nearly two dozen Maine hotels.
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Posted inBusiness, Maine, Uncategorized
Gov. Mills signs law legalizing sports betting; tribes get exclusive rights to online wagering
The law also reduces the tax burden on Maine’s indigenous communities and creates a new collaboration process between the tribes and the state.
Posted inBusiness, Maine, News
Portland’s outdoor dining scene won’t be as expansive this summer
Regulations that took effect last month replace the more relaxed permit standards that were allowed because of the pandemic.
Posted inBusiness, Maine
Rare cannabis research operation planned in Brunswick
Florida-based Maridose LLC has set up shop in TechPlace, a business incubator facility at Brunswick Landing and is seeking federal approval to grow pot for research.
Posted inBusiness, Maine
Maine seeks to preserve downtowns with tax credit program
Lawmakers have extended a program to help rehab and reuse historic buildings that produce income.
Posted inBusiness, Lewiston-Auburn, News
Workers Memorial Day celebrated in Lewiston
The 16th annual May Day Dinner, organized by the Western Maine Labor Council, honors workers lost to workplace accidents and illnesses, and those who have lobbied to improve working conditions.
Posted inBusiness, Maine
Maine lobstermen fear disaster as new gear regulations take effect
Lobstermen say new requirements for weak ropes and links, designed to protect the endangered North Atlantic right whale, will cause gear loss and injuries.
Posted inBusiness, Maine, News
How to protect yourself from real estate scams
TIPS FROM THE FEDERAL TRADE COMMISSION Be suspicious of anyone who asks for a cash deposit up front to see a property or asks you to wire a deposit. Try searching the local property appraiser’s website to find out who the current property owner is and look for contact information online. Avoid doing transactions via […]
Posted inBusiness, Maine
Real estate fraud in Maine rising as scammers take advantage of tight housing market, desperate buyers
Real estate is the third most common sector for fraud attempts behind construction and commercial services, according to the findings of a 2019 report by the Department of Treasury.