120-Day Initial Review Starts on OpenMarket/Peerless Deal

The 120-day initial national security review for OpenMarket's proposed buy of Peerless Network began Monday, said the Committee for Assessment of Foreign Participation in the U.S. Telecom Services Sector, per a filing in docket 21-434. The FCC "will be notified promptly" if the review needs to be extended or if the application must undergo a 90-day secondary assessment. If approved, Peerless Holdings subsidiary Peerless Network would become indirectly owned by OpenMarket.