Comment Sought on Bid to Transfer Control of West Telecom, West IP Within Parent

Applicants state the West wireline licensees are wholly owned subsidiaries of West Corp., which is wholly owned by Olympus Holdings, whose voting interests are indirectly held by AP VIII Olympus VoteCo and equity interests indirectly owned by investment funds managed by Apollo Global Management affiliates, the PN said. It said Joshua Harris holds 51 percent of the voting interest and 33.3 percent of the equity interest in Olympus VoteCo, and Matthew Nord and Robert Kalsow-Ramos each hold 24.5 percent of the voting and 33.3 percent of the equity interests. Under the deal, the PN said, Harris would transfer his interests in Olympus VoteCo to Nord and Kalsow-Ramos, who each will receive additional 20.55 percent voting and 11.75 percent equity interests, with Mount Olympus to receive 9.9 percent voting and equity interests. That would leave Nord and Kalsow-Ramos with 45.05 percent voting and equity interests in Olympus VoteCo, which will indirectly control all voting interests in the West companies. West Telecom provides telecom services to other providers in 47 states. West IP provides interconnected VoIP to business customers in all 50 states. Both also serve the District of Columbia. The parties have also sought transfer of wireless and international service authorizations.