An effort by the state to sell the Iowa Communications Network created decades ago has fallen through.

Governor Terry Branstad has announced he has rejected the bids submitted by Iowa Network Services for the ICN. Branstad says the bids were not only significantly less than the amount the state invested in the network over the years, they were less than the $25 million the state recently spent to upgrade the system.

Branstad claims it would be a disservice to Iowans to sell the ICN for pennies on the dollar.

Lieutenant Governor Kim Reynolds says the decision not to sell was made in part because of input provided by stakeholders including health care providers, lawmakers and public safety officials.

The bids were also rejected in part because of a recommendation from the Iowa Telecommunications and Technology Commission.