Financial Qualifications

Pursuant to Rule 4.B of Decision (D.) 95-12-056, an applicant for a CPCN for authority to provide resold local exchange service must demonstrate that it has $25,000 cash or cash equivalent to meet the firm's start-up expenses. 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.

In its Response to ALJ Request for Information, Wavecom provided a guarantee that it would keep the sum of $25,000 for the pendency of the application, demonstrating that it has access to $25,000 cash or cash equivalent; an amount that is sufficient to cover start-up expenses and also is reasonably liquid and available.

Wavecom proposes to offer service within the territories of AT&T, Verizon, Frontier, and SureWest. In the Response, Wavecom stated that it did not expect any deposit requirements, but that should any arise, they would have the necessary funds to provide it.