[Federal Register Volume 63, Number 130 (Wednesday, July 8, 1998)]
[Notices]
[Pages 36974-36975]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18054]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (International FiberCom, Inc., Common Stock, No Par 
Value; Common Stock Purchase Warrant) File No. 1-13278

July 1, 1998.
    Internation FiberCom, 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 Boston 
Stock Exchange, Inc. (``BSE'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Securities 
from listing and registration include the following:
    The Securities have been listed for trading on the Nasdaq SmallCap 
Market, the BSE, and the Philadelphia Stock Exchange, Inc. (``PHLX'').
    On June 8, 1998, the Company provided the BSE with certified 
resolutions of the Board of Directors authorizing the withdrawal of its 
Securities from listing on the BSE and also provided detailed reasons 
for such proposed withdrawal, and the facts in support thereof. In 
deciding to withdraw its Securities from listing on the BSE, the 
Company considered the direct and indirect costs and expenses attendant 
to maintaining multiple listing of its Securities on the Nasdaq 
SmallCap Market, the BSE, and the PHLX. Due to the low level of trading 
volume on the BSE and the recent

[[Page 36975]]

changes to Section 18 of the Securities Act of 1933, as amended, under 
the National Securities Market Improvement Act of 1996, the Company 
does not see any particular advantage in the trading of its Securities 
on the BSE. The Company also believes that the trading of its 
Securities on multiple exchanges may fragment the market for its 
Securities.
    The Exchange has informed the Company that is has no objection to 
the withdrawal of the Company's Securities from listing on the BSE.
    By reason of Section 12 of the Act and the rules and regulations 
thereunder, the Company shall continue to be obligated to file reports 
under Section 13 of the Act.
    Any interest person may, on or before July 22, 1998, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW, Washington, DC 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. 98-18054 Filed 7-7-98; 8:45 am]
BILLING CODE 8010-01-M