The FCC rejected all of the competitor’s arguments which opposed the transfer and concluded that the approval of the transaction is in the public interest.
IT&E executive vice president Larry Knecht was pleased with the FCC’s ruling and said that it represents the months of hard work and dedication put forth by IT&E’s management and staff.
“It has been two years of very hard work, so personally it’s a very satisfying day. Both PTI and IT&E are better companies today than they where we were a year ago. We have a very bright future, and exciting opportunities ahead,” said Knecht.
“This ruling allows us to focus 100 percent of our energy on making the #1 telecommunications company in the Marianas even stronger. We have made some very large investments in our network and we see those changes starting to take effect now. I feel very positive about our ability to compete in the marketplace and bring the latest technology to our customers,” he added.
Ricky Delgado, president and CEO of IT&E, said: “This is just the beginning of a long and exciting chapter in ITE’s history.”
In the past year, IT&E has installed a completely new state-of-the-art $10 million CDMA network with the only high speed mobile broadband in Guam and the CNMI, updated the IT&E brand and tagline, and has just completed the renovation of their Micronesia Mall store.
With the final licenses transferred the IT&E look will be complete with new long distance and wireless prepaid cards which are expected in the market very soon.
The company’s Web site will also change to reflect the new brand image.
With over 80,000 total subscribers on four islands, IT&E is the largest telecommunications company in the Marianas.
