Consolidated Seeks Temporary RDOF LOC Waiver

Consolidated asked the FCC to grant it a six-month waiver of Rural Digital Opportunity Fund Phase I auction rules concerning letters of credit. The company said in a petition posted Friday in docket 19-126 that it needed a waiver so it may continue receiving RDOF support while it seeks a new bank to issue LOCs. Consolidated said the Universal Service Administrative Co. notified it that its current issuer, Wells Fargo, is now below the Weiss bank safety B- rating required under RDOF rules.