Question-and-Answer Session
(Operator Instructions) Your first question comes from Simon Flannery. Your line is open?
Simon Flannery - Morgan Stanley
Okay. Thank you very much. Good morning. If you would talk a little bit more about the FCC you cited the December 18th date. There is a lot of speculation and perhaps given the change in administration and other things will drag on into next year. Do you have any clarification from your folks in Washington about what the next steps are and how likely that December 18th date is to hold?
You also talked about your recent acquisition of LD Company. Would you talk about other opportunities we have seen from our consolidation here recently, opportunities perhaps to buy assets in the wireless space as well anything that we might expect over the next couple of quarters? Thanks.
Jack Rooney
Well I will take the first part of your question; this is Jack Rooney relative to the FCC. The FCC postponed the consideration of two or three key docket items relative to the December 18th meeting.
We have been basically asking them to clear it from their docket at this point. So that we can all take a good deep breath and approach this thing from a more considered stance. So, we think that they have been rushing the judgment on this and we would like to have it given much more consideration.
Whether that idea prevails or not, we do not know. They very well could consider anyone of our number of plans that are available to them and on December 18th. I think your consideration that they might with the new administration coming in back off that could very well happen. We just do not know
Simon Flannery - Morgan Stanley
Thank you.
Jay Ellison
Go ahead. Bill, do you want to talk about State Long Distance?
Bill Megan
Sure. If you would just let me follow-up on the regulatory there has been so much up and down in the past month on the internet carrier compensation in US that they would impact the wire line as well and a lot of speculation in the absence of a proposed order to review.
From our prospective, it stands with a series of question marks about what happens next. So, there is really no action to comment on yet. We would be more than happy to talk with you when there is action taken.
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