FCC Wireline Bureau Clears Neustar, Telcordia Requests
Neutrality will prevail at Neustar and Telcordia/iconectiv after changes to their business structures, the FCC Wireline Bureau said Friday. Two orders OK’d requests by the outgoing and incoming administrators of local number portability in docket 95-116. The bureau conditionally approved…
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the proposed takeover of Neustar by Aerial Investors, run by Golden Gate Capital (see 1708030013). It “will not adversely affect its neutrality, subject to compliance with this Order, the adoption of the Neutrality Plan, the creation of the Voting Trust, and the adoption of the Code of Conduct,” said an order. The Singapore government owns minority investor GIC, but the bureau said it's satisfied by GIC’s commitments and results of the review by the inter-agency Committee on Foreign Investment in the U.S., which analyzed national security and critical infrastructure implications. The bureau didn’t impose conditions on timing of the LNPA transition because it said it wouldn't be appropriate: “We would be very concerned if the ownership change that we approve today should, in any way, delay the transition. We expect Neustar and its new owners to cooperate in the transition to ensure that the transition in LNPA from Neustar to iconectiv proceeds in an effective, seamless and timely way.” The other action approved changes proposed by Telcordia/iconectiv to the LNPA code of conduct and voting trust, and the 16.7 percent minority investment by FP Icon Holdings (see 1706290032). The changes and investment “will not adversely affect iconectiv’s neutrality,” said an order: The FP Icon investment “may in some measure strengthen its neutrality as it diversifies iconectiv’s ownership.”