120-Day National Security Review Clock Begins on AtLink Sale to Element8

The 120-day initial national security review for Element8's acquisition of AtLink Services began Tuesday, the Committee for the Assessment of Foreign Participation in the U.S. Telecom Services Sector, known as Team Telecom, said in a letter to the FCC posted Wednesday in docket 23-268. Team Telecom said it will notify the FCC if an extension or additional 90-day review is necessary. Element8, a Texas-based ISP, announced the acquisition of AtLink, an Oklahoma City-based ISP, in March for "an undisclosed sum." Element8 received a $200 million investment for the purchase from Digital Alpha, a strategic investment firm with foreign ownership.