FCC Bureau Clears Shift of Bandwidth Entities to Morken's Control in Anticipation of IPO

FCC staff cleared transfer of Bandwidth Inc. and Bandwidth CLEC to David Morken, co-founder and CEO of Bandwidth, said a Wireline Bureau public notice in docket 17-230 in Tuesday's Daily Digest. The transaction is part of a stock restructuring in anticipation of an initial public offering, with Morken holding a majority of Bandwidth's outstanding voting stock and controlling Section 214 licenses under the Communications Act, the application said.