Telecommunications of Puerto Rico, Inc. (PRTC)
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Puerto Rico
Telephone Authority consisted of two separate operating companies with one
study area jurisdiction each: Puerto Rico Telephone Company (PRPR) and Puerto Rico
Communications Corporation (PRCC). PRCC, however, did not start filing ARMIS
until 1993, when it reached the required threshold.
1994
On 5/4/94, Puerto Rico Telephone Company and Puerto Rico Communications
Corporation merged into one operating company--Puerto Rico Telephone
Company--with two study area jurisdictions: Puerto Rico (assigned COSA PRPR,
which was also assigned for the operating company COSA) and Puerto Rico Central
(PRCC).
COSA |
Effect |
PRCC |
Operating company defunct. PRCC becomes
a study area, Puerto Rico Central |
1995 - 1996
Puerto Rico Telephone Authority had no changes during this period.
1997 - 1998
The following adjustments were made to better reflect Puerto Rico Telephone
Authority corporate structure: a holding company COSA PRTC is created; COSA
code PRPR, becomes an operating-company-only COSA; PRSA replaces PRPR as a new
study-area-only COSA. Note: Puerto Rico Telephone Authority, because it is a
non price cap corporation, makes no filing at the holding company level (PRTC).
COSA |
Effect |
PRTC |
Created holding company COSA code for
Puerto Rico Telephone Authority. |
PRPR |
Changed to operating-company-only
COSA. |
PRSA |
Created new study area COSA for Puerto
Rico Telephone Company. PRSA replaces PRPR as the Puerto Rico Telephone
Company study area. |
Additional Notes for PRPR, PRSA:
Data for the Puerto Rico study area for periods 1990 through 1996 is filed
under PRPR; 1997 data is filed under PRSA.
These COSAs represent, at different times, the same study area jurisdiction: Puerto Rico. Beginning in 1990, PRPR was both a study area jurisdiction COSA and operating company COSA, and PRSA did
not exist. On 5/4/1994, Puerto Rico Telephone Company (PRPR) and Puerto Rico
Communications (PRCC) merged into one operating company: Puerto Rico Telephone
Company. Then, in 1997, PRPR was changed to an operating-company-only COSA,
with PRSA becoming the new study area COSA for PRPR.
1999
On March 2, 1999, GTE Holdings (Puerto Rico) LLC, a wholly owned subsidiary of
GTE International Telecommunications, Incorporated, which is an affiliate of
GTE Telephone Operating & GTE System Telephone Companies (GTE Corporation),
acquired a controlling interest in Puerto Rico Telephone Company (approximately
40 percent). The Government of Puerto Rico, Popular, Inc., and PRTC employees,
through an employee stock ownership plan and trust, own the remaining interest
in PRTC. Under this new ownership, it is renamed Telecommunications of Puerto
Rico, Incorporated. PRTC remained the holding company for its operating company
(PRPR) and study areas (PRSA & PRCC).
2000
On 6/30/2000, Bell Atlantic Corporation (BNTR) and GTE Corporation (GTTC)
merged into one company, Verizon Communications. However, PRTC did not become a
Price Cap Carrier until 7/1/2000. Therefore, it is not required to file ARMIS
43-05, 43-06, and 43-07 Reports until 2001, due 4/1/2002. In a petition to the
Commission, Telecommunications of Puerto Rico, Inc. is seeking to remain
subject to rate-of-return regulation or to further extend the required time for
its conversion to price cap regulations beyond July 1, 2001. See Public Notice
titled "Puerto Rico Telephone Company, Inc. Files Supplement to its
Petition for Waiver of Parts 61and 69 of the Commission's Rules" (CCB/CPD
No. 99-36, DA
01-449).
Verizon Communications (formerly GTE Corporation) does not include
Telecommunications of Puerto Rico, Inc. in the holding company ARMIS reports.
2001
Telecommunications of Puerto Rico, Inc. had no changes during this period.
2002
Telecommunications of Puerto Rico, Inc. had no changes. However, it will
continue to be a rate-of-return carrier. See Memorandum Opinion and Order DA
02-888 (released 4/18/2002).
2003 - 2006
Telecommunications of Puerto Rico, Inc. had no changes during this period.
2007
On March 30, 2007, American Movil purchased Telecommunications of Puerto Rico. The transaction was announced in April 2006 when Verizon announced the execution of separate agreement to sell its interest in Latin American and the Caribbean.
Puerto Rico Telephone Company
and its operating companies will file two ARMIS Reports. COSA PRPR will file the 43-08 Report and COSAs PRSA and PRCC will file the 43-01 Report.
2008
On July 1, 2008, Puerto Rico Telephone Company became a price
cap carrier.
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