The Minnesota Public Utilities Commission approved the indirect transfer of...
The Minnesota Public Utilities Commission approved the indirect transfer of control of Network Billing Systems to Fusion Telecommunications International, in a Monday order (http://bit.ly/N7nbzV). Within 20 days of the transaction, the two parties must file a notice of consummation and…
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identify any necessary address changes the commission should note, the order says. Network Billing Systems “will continue to provide services under its current authority,” the PUC said. “The proposed Transaction is said to be in the public interest because the combined companies will offer customers an alternative to legacy carriers through their array of IP-based and circuit switched communications services,” said a Minnesota Department of Commerce analyst in a July 10 report included with the order that recommended approval of the transaction. “The Transaction is also expected to provide Fusion and NBS with access to greater financial resources that will allow them to eventually combine their operations and become more effective competitors to legacy carriers."