10. Conclusion

As a result of the above considerations, we find that the Settlement Agreement is (1) reasonable in light of the record; (2) consistent with the law; and (3) in the public interest. The settlement also meets the preconditions to the approval of all party settlements set forth in D.92-12-019 because it commands the unanimous sponsorship of all active parties, the parties are fairly representative of the affected interests, not term of the settlement contravenes statutory provision or prior Commission decisions and the settlement conveys to the Commission sufficient information to discharge its future regulatory obligations with respect to the parties and their interests.

We note that the Joint Motion did not ask that any testimony be moved into the record of this proceeding. As such, the record of this proceeding consists principally of the Application, the Joint Protest of TURN and DRA, the Protest of Frontier, the Reply of the Joint Applicants, the Response of Frontier, and the Joint Motion. We find that a record based on these filed materials is adequate to enable us to determine that the settlement meets the Commission's standards for approval of "all party" settlements and of settlements in general, and that the transaction, as modified by the settlement, is in the public interest. Therefore, the Application, subject to the conditions contained in the Settlement Agreement, is granted.

In addition, we have reviewed the transaction. CCHI possesses both the financial resources and technical competence that a change of control requires. Thus, the transaction, as amended by the Settlement Agreement, meets all Commission criteria and is in the public interest.

Finally, since there are no other outstanding issues, this proceeding should be closed.