ENGLEWOOD, Colo.-CommNet Cellular Inc. announced that its shareholders last week voted to approve the merger of AV Acquisition Corp., an affiliate of Blackstone CCI Capital Partners L.P., with and into CommNet.
The merger is expected to be consummated shortly after all conditions have been satisfied, including the receipt of Federal Communications Commission approval.
As previously disclosed, certain petitions have been filed before the FCC seeking to dismiss or deny CommNet’s and the partnership’s joint application to transfer control of certain cellular licenses from CommNet to the partnership. Although CommNet is seeking to have the FCC dismiss such petitions on an expedited basis, there can be no assurance of the outcome of such a decision, the time period that may elapse before a decision is reached and, consequently, the length of time before the merger is consummated, said CommNet. CommNet said it believes it will prevail on the merits on the petitions and is contesting the petitions vigorously.
