Membership Interests in Wireless Phone and Internet Services Busines...
Listing Information
Membership Interests in Wireless Phone and Internet Services Business
Price: $721,000.00
Created: 03/17/2020
Category: Business Property > Investments > Partnership interests/ LLC/LLP
Sale Date: Wed. Apr 29, 2020
Trustee's Attorney
777 Main Street, Suite 1290
Fort Worth, TX 76102
(817) 877-4224
Case Title: TAG Mobile, LLC
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of the seller's 100% of the membership interests in the seller's subsidiary and certain other assets. Seller has formed a Texas limited liability company called “TAG Mobile Bankruptcy Sale Entity LLC” (the “Subsidiary”) for that purpose.
The sale assets also include the following assets to the Subsidiary: (a) TAG’s Lifeline customers; (b) TAG’s Federal Communications Commission (“FCC”) eligible telecommunications carrier (“ETC”) designation; (c) TAG’s approved FCC compliance plan for the Lifeline Program; (d) 19 state1 ETC designations for the Lifeline Program; (e) 19 state wireless registrations; and (f) domestic and international “section 214” authorizations given by the FCC (collectively, the “Regulated Assets”). TAG also has unregulated assets that it uses in its business, including its name, assumed name, fluctuating phone inventory, furniture, computer equipment, software, programs, subroutines, and server, an office lease, its list of clients, customers, and subscribers, and other contracts (collectively, the “Other Assets”).
Financial Overview
Additional Details
- Sale Hearing Time: 1:30 p.m.
- Bid Amount: $756,000
- Bid Increment: $10,000
- Bid Deposit: 10% of the proposed purchase price
- Bid Deadline: April 24, 2020
- Last date to respond: April 24, 2020