5. Public Interest Considerations

Applicants state that the proposed transaction will serve the public interest in promoting local competition by combining the resources and business opportunities of Wave eXchange with the telecommunications expertise and facilities of San Carlos. Applicants believe that together the two companies can better serve the specialized telecommunications needs of business customers, providing new and innovative services and capabilities not available from each company separately or from currently existing competitive alternatives. According to Applicants, Wave eXchange has access to capital through related businesses that will provide San Carlos with the opportunity to capitalize on market forces that may require the infusion of additional capital.