Thursday, June 30, 2011 at 3:29PM 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.





