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HomeMy WebLinkAbout20221102Final_Order_No_35578.pdfORDER NO. 35578 1 Office of the Secretary Service Date November 2, 2022 BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION IN THE MATTER OF MAGNA5 LLC’S APPLICATION FOR A NAME CHANGE TO RINGSQUARED TELECOM LLC. FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY NO. 524 ) ) ) ) ) ) CASE NO. MAG-T-22-01 ORDER NO. 35578 On June 21, 2022, Magna5 LLC (“Magna5” or “Company”) filed a request to change its company name on Certificate of Public Convenience and Necessity (“CPCN”) No. 524, which was issued in Case No. MAG-T-17-01, Order No. 34044. On October 11, 2022, Magna5 submitted a letter supplement to its Application providing further clarifications on the transaction related to the name change. The Company stated that the new name would be RingSquared Telecom LLC. The Company received a Certificate of Amendment of Foreign Registration from the Idaho Secretary of State on May 2, 2022. The Company represented that, from the customer’s perspective, other than the new ownership, it would continue to be a telecommunications company providing long- distance and local exchange services throughout the State of Idaho. The Company represented that the existing management would continue to oversee the day-to-day affairs of the Company as before, since the ownership change occurred at the parent company level, and that the transaction was transparent with no adverse impact on Idaho customers. STAFF RECOMMENDATION Staff reviewed the Company’s Application and the supportive documentation and verified that the proposed change complied with Commission Order No. 34044. Staff recommended that the Commission approve the Application as filed. COMMISSION FINDINGS AND DECISION Based on our review of the Company’s filings and Staff’s recommendation, the Commission finds it appropriate to amend CPCN No. 524 to reflect that the Company has changed its name to RingSquared Telecom LLC. ORDER IT IS HEREBY ORDERED that CPCN No. 524 is amended to reflect that the holder’s name is RingSquared Telecom LLC. ORDER NO. 35578 2 THIS IS A FINAL ORDER. Any person interested in this Order may petition for reconsideration within twenty-one (21) days of the service date of this Order regarding any matter decided in this Order. Within seven (7) days after any person has petitioned for reconsideration, any other person may cross-petition for reconsideration. See Idaho Code §§ 61-626 and 62-619. DONE by Order of the Idaho Public Utilities Commission at Boise, Idaho this 2nd day of November 2022. _________________________________________ ERIC ANDERSON, PRESIDENT _________________________________________ JOHN CHATBURN, COMMISSIONER _________________________________________ JOHN R. HAMMOND JR., COMMISSIONER ATTEST: Jan Noriyuki Commission Secretary I:\Legal\TELECOM\MAGT2201_name chng_rncb.docx