[Federal Register Volume 70, Number 155 (Friday, August 12, 2005)]
[Notices]
[Pages 47269-47270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-4362]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-31894]


Issuer Delisting; Notice of Application of Alestra, S. de R.L. de 
C.V. To Withdraw Its 8% Senior Notes (Due 2010), From Listing and 
Registration on the New York Stock Exchange, Inc.

August 5, 2005.
    On July 13, 2005, Alestra, S. de R.L. de C.V., a company organized 
under the laws of Mexico (``Issuer''), filed an application with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'')\1\ and 
Rule 12d2-2(d) thereunder,\2\ to withdraw its 8% senior notes (due 
2010) (``Security''), from listing and registration on the New York 
Stock Exchange, Inc. (``NYSE'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).

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[[Page 47270]]

    The Board of Directors (``Board'') of the Issuer approved 
resolutions on April 29, 2005, to withdraw the Security from listing 
and registration on NYSE. The Issuer stated that the following reasons 
factored into the Board's decision to withdraw the Security. First, 
pursuant to the applicable NYSE rules and the Sarbanes-Oxley Act of 
2002, the continued listing of the Security requires that the Issuer 
create an audit committee or qualify a statutory auditor to act as 
such. Due to the severely limited availability of specialized or 
otherwise qualified independent directors, domestic and foreign, the 
novelty of the requirement on Mexican closed-company issuers, and the 
cost that this would represent for the Issuer, it is not practicable 
for the Issuer to implement an audit committee. Second, the Security 
trades in very limited quantities, if at all, on NYSE.
    The Issuer stated in its application that it has complied with 
NYSE's rules governing an issuer's voluntary withdrawal of a security 
from listing and registration by providing NYSE with the required 
documents governing the removal of securities from listing and 
registration on NYSE.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on NYSE and from registration under Section 12(b) 
of the Act,\3\ and shall not affect its obligation to be registered 
under Section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before August 30, 2005, comment on 
the facts bearing upon whether the application has been made in 
accordance with the rules of NYSE, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
     Send an e-mail to [email protected]. Please include 
the File Number 1-31894 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-9303.

All submissions should refer to File Number 1-31894. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are 
also available for public inspection and copying in the Commission's 
Public Reference Room. All comments received will be posted without 
change; we do not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.
    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.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. E5-4362 Filed 8-11-05; 8:45 am]
BILLING CODE 8010-01-P