III. Financial Qualifications

To be granted a CPCN for authority to resell local exchange service, an applicant must demonstrate that it has $25,000 cash or cash equivalent to meet the firm's start-up expenses. The applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by other telecommunications carriers in order to provide service in California.² Applicant provided a statement from a financial institution that demonstrates that it meets the financial requirements. In addition, Applicant represented that it will not be required to provide deposits to other telecommunications carriers in order to provide the proposed service.