CSW Communications, Inc., a subsidiary of Central and South West Corp., has become the first company to file at the Federal Communications Commission (FCC) to become an "exempt telecommunications company" under the telecommunications reform legislation signed into law by President Clinton. Previously, CSW was barred from entering the telecommunications market by the Public Utility Holding Company Act. (The corporate parent is a registered holding company.) The FCC filing automatically qualifies CSW Communications as an exempt telecommunications company, allowing it to operate on an equal footing with other companies. The FCC has 60 days after the filing to formally affirm or deny the application, based on whether the applicant's status falls within the bounds of the new telecommunications reform law.
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