FCC Bureau OKs GTT Buy of Hibernia With Conditions Sought by Team Telecom
The FCC Wireline Bureau cleared GTT Communications' takeover of Hibernia Atlantic conditioned on commitments sought by DOJ and other executive branch departments (Team Telecom) in their review of national security, law enforcement and public safety matters. The departments sought GTT…
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compliance with two letters of assurance Hibernia provided -- in 2010 about its Atlantic cable system connecting the U.S., Ireland and the U.K., and in 2014 about its Project Express system -- both of which GTT agreed to in filings Wednesday (here and here). The bureau approved Hibernia license transfers from Hibernia's corporate parents to GTT subject to its compliance with those letters, said a public notice in docket 16-388 listed in Monday's Daily Digest. The PN said the approval didn't prejudice related commission actions; the parties also filed applications on the transfer of affected international authorizations. GTT, a cloud network provider, agreed in November to pay $590 million to buy Hibernia (see 1611090048) from majority owner Murosa Development -- a Luxembourg company owned by KCK Ltd., a British Virgin Islands company -- and others.