FCC Bureau Clears TKC Holdings' Planned Buy of Inmate Calling Solutions
FCC staff approved the planned sale of Inmate Calling Solutions to TKC Holdings, which is controlled by H.I.G. Capital, a private equity investment firm. The transaction was approved in a Wireline Bureau order in docket 16-188. The bureau declined to…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
impose a condition requiring TKC to stop the payment of site commissions to correctional authorities, which had been proposed by Securus, another inmate calling service provider (see 1607050055). "The issues Securus raises concerning ICS rates and practices with regard to the payment of site commissions are based on allegations of conduct by ICSolutions that do not directly arise from the transaction," said the order, which noted the applicants said ICSolutions' rates, terms and conditions would stay the same post-transaction. "The Commission has been clear that transactions should not be denied or conditioned based on non-merger specific issues. In addition, we agree with Applicants that ICS rate setting issues and practices are best addressed in the Commission’s pending industry-wide rulemaking proceeding on this subject."