The Texas Public Utility Commission staff urged rejection of a Le...
The Texas Public Utility Commission staff urged rejection of a Level 3 Communications petition to end state review of mergers and acquisitions among competitive carriers. Level 3 said state regulation of transfer-of- control transactions harkens back to the telecom…
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monopoly area. It said federal reviews of these transactions adequately protect consumers. The PUC staff said it wouldn’t object to modifying state merger review processes to align them with federal processes, but said Level 3’s proposal would go beyond this to “virtually eliminate” PUC review of mergers and acquisitions. The staff said PUC reviews of competitive carrier mergers/acquisitions have not been overly lengthy, with no indication of state merger reviews impairing competitive carriers’ ability to make deals.