Source: FCC Daily Digest
News-Press & Gazette Company (NPGC), Mercury Voice and Data Company and Cequel Communications, LLC d/b/a Suddenlink filed an application pursuant to section 63.03 of the Commission’s rules to request authority to transfer control of Mercury Voice from NPGC to Cequel.
Mercury Voice, a Missouri corporation, offers telecommunications services to small and medium businesses, and commercial enterprises, in Missouri and Arizona. Mercury Voice’s sole shareholder is NPGC. Cequel, a Delaware limited liability company, is an indirect, wholly owned subsidiary of Cequel Communications Holdings, LLC (Cequel Holdings), a U.S. entity.
Pursuant to the Stock Purchase Agreement dated November 24, 2010, by and among NPGC and Cequel, Cequel will acquire from NPGC all issued and outstanding capital stock in Mercury Voice. As a result of the proposed transaction, Cequel will wholly own, and control, Mercury Voice. Upon closing of the stock transaction, Cequel will initiate an internal reorganization such that a newly-formed limited liability company (formed for the purpose of integrating Mercury Voice into the Cequel organization) will merge with Mercury Voice. The surviving entity will be organized as a limited liability company and named Mercury Voice & Data, LLC d/b/a Suddenlink Communications. Thus, following the consummation of the proposed transaction, the newly formed limited liability company will continue to offer service with no change in the rates or terms and conditionals of service to Mercury Voice’s customers.