Solen and NexTalk Seek Conditional Certification to Receive TRS Fund Payments After Merger
Solen Ventures and IP-captioned telephone service (IP CTS) provider NexTalk want the FCC to grant conditional certification, allowing NexTalk to remain eligible for compensation from the interstate telecommunications relay service fund (TRS) fund following Solen's purchase of the company, said…
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an application posted Tuesday in docket 03-123. That deal closed Dec. 13. Under acquisition terms, NexTalk will be dissolved and a new entity, NexTalk Software, will control its assets. The conditional certification would allow NexTalk Software “to remain eligible to receive compensation from the TRS Fund for providing its IP CTS under new ownership for an additional two years” while the FCC assesses its eligibility for full certification. FCC rules don’t allow certifications to provide internet-based TRS to be transferred to entities that don’t already hold it, and require such certifications as a condition for payment from the TRS fund. “Despite having received conditional authority in January 2024, NexTalk has yet to actually seek TRS funding, and will not do so unless and until the Commission approves this conditional application,” the filing said. “There have been no changes in NexTalk’s operations and the ways in which it will comply with TRS obligations. The only change is the new ownership and name change.”