FCC Grants Compass Buy of Selectel After Executive Branch Acts; 'Bam—Like That'
The FCC approved the acquisition of Selectel by Compass Capital and Compass Atlantic from Matthew O'Flaherty, Teri O'Flaherty and Stacy Hergenrader. The commission had postponed action on the transaction after the DOJ and FBI, backed by the departments of Homeland…
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Security and Defense, asked in February for a delay while they reviewed the telco deal on national security, law enforcement and public safety grounds, said a Wireline Bureau notice Thursday in docket 15-8. The executive branch departments/agencies notified the FCC Wednesday they had no objection to the application. The bureau thus granted it. Asked about possible new FCC deadlines in reviews involving the executive branch's "Team Telecom," Chairman Tom Wheeler said Wednesday, "After Team Telecom, we normally act -- bam -- like that" (see 1605250070).