An order drafted by FCC Chairman Kevin Martin would approve Allte...
An order drafted by FCC Chairman Kevin Martin would approve Alltel’s pending purchase and privatization by TPG Capital and Goldman Sachs Capital, but would cap Universal Service Fund payments to Alltel at 2007 levels. In what agency sources see…
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as a surprising twist, the cap would come off only if Alltel can show immediate compliance with E-911 accuracy standards. Alltel called commissioner offices asking for a quick vote on the merger, though the order as circulated by Martin doesn’t invoke an abbreviated timeline. The Alltel order is expected to get approval. Officials from TPG Capital and Goldman Sachs had been pressing harder for a vote in recent weeks (CD Oct 22 p10). Martin also circulated an order that would approve AT&T’s acquisition of Dobson, also with a USF cap.