VI. Financial Qualifications of Applicant

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 represents that it will not be required by other telecommunications carriers to make deposits in order to provide the proposed service. Applicant provided statements from financial institutions that demonstrate that it meets the financial requirements.