DE 98-215
TELECOM RESOURCES, INC.
ADVANCED COMMUNICATIONS GROUP, INC.
Transfer of Assets
Order NISI Approving Transfer of Control of Telecom Resources,
Inc. to Advanced Communications, Inc.
O R D E R N O. 23,119
January 27, 1999
The Petitioners, TELECOM RESOURCES, INC.(TRI), and
ADVANCED COMMUNICATIONS GROUP, INC. (ACG) filed with the New
Hampshire Public Utilities Commission (Commission), a joint
petition for approval of a proposed transfer of TRI assets to
ACG. In the proposed transaction ACG will acquire control of TRI
through the merger of an ACG subsidiary, ADVANCED COMMUNICATIONS
GROUP ACQUISITION CORPORATION (ACGAC), a wholly-owned subsidiary
of ACG created for the transaction with and into TRI. The
separate corporate existence of the subsidiary will cease as a
result of this merger leaving ACG in control of TRI.
Pursuant to Order No. 22,473, the Commission authorized
TRI as a Competitive Toll Provider (CTP) in New Hampshire on
April 16, 1998.
As a result of the increasingly competitive nature of
the market, the degree of agency regulation of CTPs has
decreased. Nonetheless, pursuant to RSA 374:30, a New Hampshire
public utility may not transfer its franchise, stock, or system,
or acquire other utilities without Commission approval.
RSA 374:30 requires a finding that the transfer is for
the public good. TRI submits that the company will continue to
operate as Telecom Resources, Inc. and only the underlying
ownership of TRI will change as a result of this transaction.
This transaction will not adversely effect the rates, terms,
service or operation of TRI within New Hampshire and will be
transparent to customers.
Based upon the foregoing, it is hereby
ORDERED NISI, that the proposed transfer of control of
Telecom Resources, Inc., to Advanced Communications Group, Inc.
is Approved; and it is
FURTHER ORDERED, that pursuant to N.H. Admin. Rules,
Puc 1604.03 or Puc 1605.03, the petitioners shall cause a copy of
this Order Nisi to be published once in a statewide newspaper of
general circulation or of circulation in those portions of the
state where operations are conducted, such publication to be no
later than February 3, 1999 and to be documented by affidavit
filed with this office on or before February 10, 1999; and it is
FURTHER ORDERED, that all persons interested in
responding to this petition be notified that they may submit
their comments or file a written request for a hearing on this
matter before the Commission no later than February 17, 1999; and
it is
FURTHER ORDERED, that any party interested in
responding to such comments or request for hearing shall do so no
later than February 24, 1999; and it is
FURTHER ORDERED, that this Order Nisi shall be
effective February 26, 1999, unless the Commission provides
otherwise in a supplemental order issued prior to the effective
date.
By order of the Public Utilities Commission of New
Hampshire this twenty-seventh day of January, 1999.
Douglas L. Patch Susan S. Geiger Nancy Brockway
Chairman Commissioner Commissioner
Attested by:
Claire D. DiCicco
Assistant Secretary