[Federal Register Volume 64, Number 56 (Wednesday, March 24, 1999)]
[Notices]
[Page 14293]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-7154]


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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) File No. 1-13278

March 18, 1999.
    International 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 
security (``Security'') from listing and registration on the 
Philadelphia Stock Exchange, Inc. (``PHLX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the security 
from listing and registration include the following:
    The security has been listed for trading on the Nasdaq National 
Market as well as the PHLX. The Company has considered the direct and 
indirect costs and expenses in connection with maintaining the listing 
of its security on the PHLX. Due to the low level of trading volume in 
its security on the PHLX, and in light of the recent changes to the 
Securities Act of 1933, as amended, under the National Securities 
Markets Improvement Act of 1996, the Company does not see any 
particular advantage in continuing to list its security on the PHLX. 
The Company also believes that the trading of its security on multiple 
exchanges may possibly fragment the market for its security.
    The Company has filed with the Exchange a certified copy of the 
resolutions adopted by the Company's Board of Directors authorizing the 
withdrawal of its security from listing on the Exchange and has 
provided to the Exchange detailed reasons for the proposed withdrawal, 
and the facts in support thereof.
    The Exchange has informed the Company that it has no objection to 
the withdrawal of the Company's security from listing on the PHLX.
    The application refers only to the security set forth above and 
shall have no effect upon the continued listing of such security on the 
Nasdaq National Market. In addition, by reason of Section 12(g) of the 
Act and the rules and regulations of the Commission thereunder, the 
Company shall be obligated to continue to file reports with the 
Commission under Section 13 of the Act.
    Any interested person may, on or before, April 8, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549-0609, 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.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-7154 Filed 3-23-99; 8:45 am]
BILLING CODE 8010-01-M