[Federal Register Volume 61, Number 46 (Thursday, March 7, 1996)]
[Notices]
[Pages 9210-9211]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5405]



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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (Frontier Communications Services Inc., 9% Senior 
Subordinated Notes Due May 15, 2003) File No. 1-11966

March 1, 1996.
    Frontier Communications Services Inc. (formerly Allnet 
Communication Services, Inc.) (``Company'') has filed an application 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and 
Rule 12d2-2(d) promulgated thereunder, to withdraw the above specified 
securities (``Securities'') from listing and registration on the 
American Stock Exchange, Inc. (``Amex'').
    The reasons alleged in the application for withdrawing the 
Securities from listing and registration include the following:
    According to the Company, the withdrawal from listing of the 
Securities is warranted because: As of the date hereof, there are only 
eight registered holders of the Securities. Approximately 97.1% of the 
principal amount of currently outstanding Securities is held in the 
name of the nominee for the Depositary Trust Company (``DTC''). 
According to the latest information provided by DTC, there are only 29 
participants owning Securities through DTC.
    There is limited trading in the Securities on the Exchange and the 
Company believes that it is unlikely that the Securities will become 
actively traded in the futures. Continued listing

[[Page 9211]]

of the Securities is costly to the Company. Because of the limited 
number of holders of the Securities, after delisting and the filing of 
a Form 15 with the Commission, the Company will no longer be subject to 
the reporting requirements of the Securities Exchange Act of 1934, as 
amended. This will allow the Company to save compliance costs incurred 
in preparing annual and periodic reports to be filed with the 
Commission.
    The Company is not obligated under the Indenture or any other 
documents to maintain the listing of the Securities on the Exchange or 
any other exchange.
    The Company further represents, however, that following the filing 
with the Commission of a Form 15 in respect of the Securities, the 
Company has undertaken to provide holders of the securities with annual 
audited financial statements and other information regarding the 
Company. In addition, the Company further represents that it has 
received a letter from Lehman Brothers indicating its intention to make 
a market in the Securities following the withdrawal of the Securities 
from listing on Amex.
    Any interested person may, on or before March 22, 1996, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
exchanges and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-5405 Filed 3-6-96; 8:45 am]
BILLING CODE 8010-01-M