In addition to approving the transfer of licenses, which satisfies a significant condition to consummate the transaction, the FCC order granted the companies a waiver of narrowband PCS ownership restrictions, giving the combined company 90 days after consummation of the merger to comply with the ownership rules in effect at that time. In its order, the FCC stated that "combining PageNet's technological leadership with Arch's sales and marketing expertise—as well as Arch's relative financial stability—is likely to lead to merger specific benefits for the public…in particular The merger, which will include an exchange of equity for Arch's senior discount notes and PageNet's senior subordinated notes, as well as the spin-off of PageNet's wireless data subsidiary, Vast Solutions, remains subject to clearance by the Securities and Exchange Commission, as well as bondholders and shareholders of Arch and PageNet. Edited by Ellen Jensen Like what you are reading?
COMPANY NEWS; ARCH COMMUNICATIONS TO SELL COMMUNICATIONS TOWERS - The New York Times
Arch, PageNet Receive FCC Approval to Transfer Control of Licenses in Merger
Arch Communications Group, Inc. Brushing up HBR fundamentals will provide a strong base for investigative reading. Often readers scan through the business case study without having a clear map in mind. This leads to unstructured learning process resulting in missed details and at worse wrong conclusions.
Arch Communications Group, Inc. Case Study Analysis & Solution
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