HickoryTech Files for FCC Approval of IdeaOne Deal
Monday, January 16, 2012 at 4:19PM
Deborah Rand in Deal_IdeaOne:HickoryTech, Deals - CLEC, Deals: CLEC, HickoryTech:HTCO, IdeaOne, Monitor, North Dakota Telecom I, Southeast Rura Vision Enterprise, The CLEC Monitor, The Deal Monitor, The RLEC Monitor

Source: FCC 214 Applicaition

North Dakota Telecom I, Southeast Rural Vision Enterprises Co. and Hickory Tech Corporation filed an application with the FCC to transfer control of IdeaOne Telecom Group, LLC from transferors to Hickory Tech.

IdeaOne, a North Dakota limited liability company, is a non-dominant, competitive local exchange carrier that provides local exchange telephone services and interstate exchange access and long distance toll services in the Fargo and West Fargo, North Dakota, and Moorhead, Minnesota areas.  IdeaOne provides fiber optic-based voice and data services, high speed and dial up Internet access and wireless broadband services to approximately 3,600 business and residential customers.  IdeaOne is directly owned by NDT, a North Dakota limited liability company and SRVE, a North Dakota corporation.

The proposed transaction involves the purchase by HickoryTech of all of the membership/ownership interests in IdeaOne from NDT and SRVE, resulting in Hickory Tech becoming the direct parent of IdeaOne.  Applicants state that the proposed transaction will be transparent to IdeaOne’s customers, and that after completion of the transaction, the current customers of IdeaOne will continue to be served by IdeaOne pursuant to IdeaOne’s existing domestic Section 214 authorization. 

The FCC found that the transfer of control identified herein has been found, upon initial review, to be acceptable for filing as a streamlined application. 

Article originally appeared on JSI Capital Advisors (http://jsicapitaladvisors.com/).
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