An arbitrator has dismissed Kincardine council's attempt to recover costs related to the failed sale of Bruce Telecom.
Council began an arbitration process last year with Eastlink's parent company Bragg Communications to formally cancel the proposed $24-million sale of Bruce Telecom, which included Kincardine seeking about $1-million to cover costs associated with the negotiation process.
Mayor Anne Eadie says their claim has been dismissed, though she declined to provide specifics, citing a confidentiality order from the arbitrator.
Eadie says Kincardine is fully committed to its ownership of Bruce Telecom, adding they are looking at governance changes as they continue to explore ways to continue running the company successfully.
She says there's no sense dwelling on the past.
"We just have to move on, of course hindsight is great, we're disappointed, but we have to move on," says Eadie.
Kincardine originally agreed to sell Bruce Telecom to Eastlink in 2014, only to have the Competition Bureau quash the deal, though talks briefly resumed last year before being called off for good.
