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("WorldxChange"), for services to and from Australia, is consistent with the Commission's Accounting Rates Flexibility  Sq-Orderq8 O<ԍ#X\  P6G;P#` ` See Fourth Report and Order on Regulation of International Accounting Rates. 11 FCC Rcd  {O-x` ` 20063 (1997) (Flexibility Order). and the public interest. CTS seeks authorization to provide facilitiesbased service to Australia in correspondence with its affiliate, WorldxChange, and to settle its traffic at an accounting rate of 10 per minute, divided 50/50 between the carriers. On September 10, 1997, Telstra, Inc., the dominant Australian international carrier, filed a petition to deny CTS' alternative settlement arrangement, or delay approval until the Commission grants all pending applications to provide interconnected private line services to Australia. On December 17, 1997, the Commission found that equivalent resale opportunities exist in Australia for U.S.based carriers, and therefore granted all of the pending applications to resell private lines for the provision of switched services between the United States and  S1-Australia.Ih128 O!<ԍ` ` #X\  P6G;P#Cable & Wireless, Inc. et. al., Memorandum Opinion, Order and Certificate, File Nos. ITC93x` ` 328, ITC94435, ITC95015, 016, and 185, ITC96182 and 319, DA 972554 (rel. Dec. 17, x` ` 1997).I Therefore, we find that Telstra's concerns have been addressed.  S-x2.` ` We also find that CTS' proposal will "promote marketoriented pricing and  S-competition, while precluding abuse of market power by the foreign correspondent."ub8 O&<ԍ` ` #X\  P6G;P#Flexibility Order at 2.u The proposed accounting rate of 10 per minute, divided equally between carriers, is well below the prevailing accounting rates of facilitiesbased carriers on this route and it matches the rate of Telegroup"i 0*0*0*!"  S-Australia.8 Oh<ԍ` ` #X\  P6G;P#See Declaratory Ruling and Order In Re petition of Telegroup, Inc., DA 971341 (rel. June 26, x` ` 1997). Moreover, the proposed rate is lower than the average net settlement payment per minute paid by U.S. to Australian facilitiesbased carriers. As a result, CTS will be in a position to engage in price competition to attract customers and this conduct should benefit U.S. consumers and expand service between the United States and Australia. Finally, WorldxChange is a small, emerging carrier in Australia and, therefore, has no market power. Therefore, we find that CTS' alternative settlements arrangement described in its petition is in the public interest.  S-x3.` ` Accordingly, it is ORDERED that CTS' alternative settlements arrangement concluded with WorldxChange Pty, Ltd. for service to and from Australia, File No. ISP97PDR513, is consistent with the Commission's Accounting Rates Flexibility Order and the public interest. The petition is therefore GRANTED.  S -x4.` ` This Order is issued under Section 0.261 of the Commission's rules and is effective immediately. Petitions for reconsideration under Section 1.106 or applications for review under Section 1.115 of the Commission's rules may be filed within 30 days of the date of the public notice  S -of this order (see Section 1.4(b)(2) of the Commission's rules). x` `  hhFEDERAL COMMUNICATIONS COMMISSION x` `  hhDiane J. Cornell x` `  hhChief, Telecommunication Division x` `  hhInternational Bureau