364.503 Merger or acquisition. - Florida Statutes

364.503 Merger or acquisition.

   (1) Before any local exchange telecommunications company merges with or acquires an ownership interest of greater than 5 percent in a cable television company in the certificated local exchange in which the local exchange telecommunications company provides basic local telecommunications services within this state, the local exchange telecommunications company shall give the Florida Public Service Commission and the Department of Legal Affairs of the Office of the Attorney General 60 days’ notice of the proposed closing of the merger or acquisition.

   (2) Before any cable television company providing cable service as defined in 47 U.S.C. s. 522 merges with or acquires an ownership interest of greater than 5 percent in a local exchange telecommunications company in an area serviced by the cable television company within this state, the cable television company shall give the Florida Public Service Commission and the Department of Legal Affairs of the Office of the Attorney General 60 days’ notice of the proposed closing of the merger or acquisition.

History. s. 30, ch. 95-403.