FCC Clears Cincinnati Bell's Buy of Hawaiian Telcom, With Team Telecom Condition
FCC staff approved Cincinnati Bell's planned takeover of Hawaiian Telcom, subject to a condition proposed by the Department of Homeland Security, backed by DOD and DOJ (see 1806070054). Team Telecom said they wouldn't object to communications license transfers if conditioned…
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on Cincinnati Bell assurances to abide by undertakings listed in a June 1 commitment letter. "We condition grant of the cable landing license transfer of control applications ... on compliance by Cincinnati Bell with the commitments and undertaking," said a Wireline, Wireless and International bureaus' order Tuesday in docket 17-207. "Applicants contend that the transaction will provide Hawaiian Telcom a stronger financial and operational foundation, which will 'enhance future planning and development for interisland submarine cables.' We find that the transaction is likely to result in continued, and perhaps improved, financing for Hawaiian Telcom, which may result in a greater incentive or ability to enhance its service offerings."