By Marguerite Reardon
CNET News.com
July 29, 2004, 1:42 PM PT

The first phase of a project to build a fiber network in 11 cities in Utah is set to begin, as organizers secured the needed cash to break ground.
The Utah Telecommunication Open Infrastructure Agency, or Utopia, announced Thursday that is has closed $85 million in revenue bonds to finance the first phase of the project. Utopia, which plans to provide a fiber network to homes and businesses, is one of the largest fiber-to-the-premises projects in the country.

Story continues