[Federal Register Volume 63, Number 126 (Wednesday, July 1, 1998)]
[Notices]
[Page 36002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17436]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (GST Telecommunications, Inc., Common Shares, Without 
Par Value) File No. 1-12866

June 24, 1998.
    GST Telecommunications, Inc. (``Company'') has filed an application 
with the Securities and Exchange Commission (``Commssion''), 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 
Security (``Security'') from listing and registration on the American 
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Board of Directors of the Company, at a meeting held on March 4 
and 5, 1998, unanimously approved resolutions to withdraw the Security 
from listing on the Amex and, instead, to list such Security on the 
Nasdaq National Market (``Nasdaq''). The Board of Directors, after 
lengthy deliberation, determined that, since all other 
telecommunications companies in the Company's industry segment have 
their shares listed for trading on Nasdaq, it would be in the best 
interest of the Company and its shareholders to have the Security 
listed on Nasdaq rather than the Amex.
    The Company has complied with Amex Rule 18 by notifying the Amex of 
its intention to withdraw its Security from listing by letter dated 
March 27, 1998. The Amex replied by letter dated April 7, 1998, 
advising it would not interpose any objection to such withdrawal. The 
Amex suspended trading of the Security at the close of business on 
Monday, April 13, 1998, and the Security commenced trading on Nasdaq on 
Tuesday, April 14, 1998. The Company has filed an amended registration 
statement on Form 8-A to register the Security under Section 12(g) of 
the Act.
    By reason of Section 12(g) of the Act and the rules and regulations 
thereunder, the Company shall continue to be obligated to file reports 
with the Commission under Section 13 of the Act.
    Any interested person may, on or before July 16, 1998, 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 
Exchange 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. 98-17436 Filed 6-30-98; 8:45 am]
BILLING CODE 8010-01-M