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Touch America's assets set for transfer to 360networks

The Utah Public Service Commission on Wednesday approved the transfer of certain Touch America Inc. assets to 360networks (USA) Inc.

360networks will acquire virtually all of the assets and customer base comprising Touch America's private line and dedicated Internet businesses, including customer accounts, certain fiber leases, network equipment, co-location facilities and wireless licenses, including those located in Utah, as part of a proposed bankruptcy transaction.

Through the transaction, Touch America's private line and Internet operations will emerge from bankruptcy and be integrated with 360networks' existing businesses.

The Utah Division of Public Utilities recommended approval of the transaction.