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ALJ/BDP/jt2 Date of Issuance 12/8/2008
Decision 08-12-003 December 4, 2008
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
Joint Application of Lightyear Network Solutions, LLC (U5359C) and Wherify Wireless, Inc. for Approval of the Indirect Transfer of Control of Lightyear Network Solutions, LLC to Wherify Wireless, Inc. |
Application 08-08-024 (Filed August 25, 2008) |
DECISION GRANTING APPROVAL
OF PROPOSED TRANSFER OF CONTROL
This decision grants the application of Lightyear Network Solutions, LLC (Lightyear) and Wherify Wireless, Inc. (Wherify), jointly referred to as Applicants, requesting approval of the proposed indirect transfer of control of Lightyear to Wherify. Applicants state that the proposed transaction will enable Lightyear to obtain access to additional financial resources, thereby allowing Lightyear to strengthen its competitive position in California. According to Applicants, the proposed transfer of control will be seamless and virtually transparent to the customers of Lightyear. The application is unopposed. The proceeding is closed.