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Entries from June 1, 2011 - June 30, 2011

Thursday
Jun302011

MSouth Equity Files to Buy United Telephone Company

Source: FCC 214 Application

United Communications Holdings, LLC (UCH), United Telephone Company (UTC), and UTC Long Distance, LLC (UTC LD) (collectively, Applicants) filed applications pursuant to section 63.03 of the Commission’s rules to transfer control of UTC and UTC LD to UCH. 

UTC, a Tennessee corporation, is a rural incumbent local exchange carrier serving approximately 12,500 access lines in Bedford, Coffee, Davidson, Franklin, Marshall, Maury, Rutherford, and Williamson counties in Tennessee.  UTC LD, a Tennessee limited liability company, provides resold interexchange service to customers of UTC in the same service area. 

UCH, a Delaware limited liability company, is a newly formed holding company that does not provide telecommunications services.  Applicants state that the following entity and individual hold a 10 percent or greater interest in UCH:  MSouth Equity Partners, LP (MSouth), a U.S.-based investment entity (85.4 percent), and William H. Bradford, a U.S. citizen (10.6 percent). 

Applicants state that MSouth is controlled by its general partner, MSouth Equity Partners, GP, LLC, a Delaware limited liability company, that has the following managing members, all U.S. citizens:  Mark L. Feidler, Michael D. Long, Bart A. McLean, and Peter S. Petit.  None of the managing members has a 50 percent or greater interest in the general partnership.  Neither MSouth nor MSouth Equity Partners GP, LLC has a direct or indirect ownership interest in any telecommunications carrier.  Applicants further state that the only entity that owns at least 10 percent of the equity of MSouth is the Board of Regents of the University of Texas System, a U.S. based entity, that owns approximately 18.9 percent of MSouth. 

Thursday
Jun302011

Wireless Data Gains Stabilize Monthly Revenue

Source: Phone Numbers

Wireless providers generated increasing revenue from data over the past year and these gains served to offset declines in voice revenues, stabilizing the top line per subscriber.  Both wireless providers and ILECs, however, saw an increase in expenses which drove OIBDA per subscriber lower. Get the latest installments in JSI Capital Advisors' annual Per Unit Analysis at our Phone Numbers blog.

Thursday
Jun302011

Riverside Partners Files 214 Application for SegTEL

Source: FCC Daily Digest

TVC Albany, Inc., Tech Valley Holdings, LLC, and segTEL filed an application pursuant to section 63.03 of the Commission's rules to transfer control of segTEL to TVC and Holdings.

segTEL, a New Hampshire corporation, provides competitive local exchange carrier, interexchange, and private line services in Maine, New Hampshire, Vermont, and Massachusetts.  It is wholly a wholly owned subsidiary of segNET TECHNOLOGIES, INC., a Delaware corporation that does not itself provide any telecommunications services. TVC, a privately-held Delaware company, is a competitive LEC and interexchange carrier providing business and residential telecommunications services to approximately 1,000 customers in New ork and western Massachusetts.

Holdings is a Delaware limited liability company formed in 2010 to acquire TVC.  Holdings does not provide any telecommunications services.  Holdings is currently owned 77 percent by two U.S.-based investment funds – Riverside Fund IV, L.P. and Riverside Fund IV Offshore, LP – and 23 percent by current officers and former shareholders of TVC as a group.  Following the closing of the proposed transaction, Applicants state that the equity of Holdings will be as follows:  Riverside Fund IV, L.P. (46 percent), Riverside Fund IV Offshore, L.P. (16 percent), management and former shareholders of TVC and one former shareholder of segNET as a group (12 percent), all U.S. citizens, with no such individual owning 10 percent or more of the equity of Holdings, Jeremy Katz, a U.S. citizen (11 percent), Steven E. Goldsmith, a U.S. citizen (15 percent).

Thursday
Jun302011

How Do You Measure Wireless Competition?

Source: The ILEC Advisor

AT&T's response to the FCC's Fifteenth Annual Report on CMRS Competition focuses on the fact that much of the nation's population is now served by five different wireless carriers...but does that really demonstrate a competitive marketplace? Dave Selzer questions that conclusion and points out that in 2009, AT&T and Verizon Wireless together accounted for more than 90% of wireless industry subscriber growth.

Read the analysis here.

Thursday
Jun302011

ABRY Files to Acquire XAND Corporation

Source: FCC Daily Digest

XAND Corporation and XAND CLEC, LLC filed an application pursuant to section 63.03 of the Commission’s rules  to consummate a transaction whereby XAND CLEC, LLC will acquire communications assets of XAND. 

XAND, a New York corporation, provides competitive telecommunications services in New York for application hosting, data storage, and other services.  It is owned by Lee S. Weinstein, a U.S. citizen.  XAND CLEC, a Delaware limited liability company, does not currently provide telecommunications services.  Applicants state that ABRY Senior Equity III, L.P., a Delaware limited partnership, will own approximately 88 percent of XAND CLEC, and Cube Capital Group, LLC, a Wyoming limited liability company, will own approximately 10 percent of XAND CLEC. 

The general partner of ASE III is ABRY Senior Equity Investors III, L.P., a Delaware limited partnership that has ABRY Senior Equity Holdings III, LLC, also a Delaware limited liability company, as its general partner.  The sole member of ABRY Senior Equity Holdings III, LLC is Royce Yudkoff, a U.S. citizen.  Applicants state that no limited partner of ASE III will hold more than a 10 percent indirect interest in XAND CLEC.   Applicants further state that the sole member of Cube Capital is Lee S. Weinstein.   Pursuant to the terms of the proposed transaction, XAND CLEC will acquire the communication assets of XAND, including all fiber optic cable and customer agreements owned by XAND.