FCC Seeks Comment on CornerStone's Proposed Asset Sale to X5 OpCo, X5 RTC
The FCC is seeking comment on the proposed transfer of certain assets from CornerStone Telephone, Public Interest Network, Richmond Networx and Richmond Telephone to X5 OpCo and X5 RTC. Initial comments are due Jan. 4 and replies Jan. 11, said…
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a Wireline Bureau public notice issued Monday in docket 15-318. CornerStone owns Public Interest Network and Richmond Telephone, which owns Richmond Networx; the companies provide telecom service in New York and Massachusetts. X5 OpCo provides local and long-distance services in Washington, Oregon and Utah. "Except with respect to Richmond Telephone, CornerStone will sell the entirety of its interest in operational assets, customer and supplier contracts, and all of CornerStone’s personnel will be transferred to X5 OpCo," the bureau said. "The operational assets, customer and supplier contracts, personnel and owned real property of Richmond Telephone will be transferred to X5 RTC."