Otelco, Oak Hill Seek FCC OK for Purchase

Oak Hill Capital Management, which is buying Otelco (see 2007270024), asked the FCC International Bureau to approve the transfer of control of assets under Section 214 of the Communications Act, they said in a joint application Tuesday. They said Oak Hill's current portfolio also includes Metro FiberNet, Vast Broadband, Vexus, CMN-RUS and Jaguar Communications.