I have never seen this as a problem. Town forms corporation that builds outside the town limits. Towns can invest in private corporations. Towns can own all the shares of a private corporation.
From: Jaime Solorza Sent: Wednesday, September 21, 2016 6:58 AM To: Animal Farm Subject: [AFMUG] Appeals Court Decision Kills North Carolina Town’s Gigabit Internet, Could Your Town Be Next? http://hothardware.com/news/appeals-court-decision-severs-nc-towns-gigabit-internet