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XK-ԍx#XP\  P6QXP#Id.#XZ\  P@Q1XP#ш Indeed, because Section 34(a)(1) only requires that an ETC "be engaged . . . in the business of providing" one or more permitted services, the Commission has held that a company that has been formed for the purpose of providing such a service is  X-"engaged" in that business for purposes of Section 34(a)(1). { X-  Qԍ#XP\  P6QXP#xId. at 11,38990 ( 30). For example, while a company that is preparing to bid in  xCommission spectrum auctions is not actually providing service, the acts of incorporating, filing  xshortform applications, and bidding are all activities that involve "being engaged" in the business  Xv -of telecommunications. Id.#XZ\  P@Q1XP#  For these reasons, the Commission also specifically rejected the argument that it must condition ETC determinations to require ETCs to begin providing service within a specific period of time, because, in the Commission's own words, there is no rational reason why an ETC which is "not yet actually providing service [would] unreasonably delay doing so." As such, the Commission held that the "imposition of such a requirement on an ETC or on any other lawful business for that  X -matter could have a chilling effect on entry with no countervailing benefits."   X-ԍx#XP\  P6QXP#Id. at 11,390 ( 31).#XZ\  P@Q1XP#ѝ  X -x5. ` ` Notwithstanding this decision, the Commission stated that to the extent that  X -parties believe that an ETC determination may be a "sham" i.e., that an ETC unreasonably delays engaging in permitted activities then those parties may bring this information to the  X-Commission's attention for appropriate action.  X-ԍx#XP\  P6QXP#Id.#XZ\  P@Q1XP#ш The mere fact, raised by CCTA, that in the 14 months since the Commission certified the Applicants to operate as an Open Video System  Xd-("OVS")E dQ  Xf-  ]ԍx#XP\  P6QXP#See Digital Broadcasting OVS Certification to Operate an Open Video System, 11 FCC  XQ-Rcd 12,854 (CSB 1996), recon. denied, FCC 97310 (rel. Sept. 23, 1997).#XZ\  P@Q1XP#E they have not deployed multichannel video facilities to provide OVS service or  XM-distribute video signals to consumers, M  X-ԍx#XP\  P6QXP#CCTA Opposition at 2.#XZ\  P@Q1XP#є does not support a conclusion that Applicants are engaged in a "sham" or acted in "bad faith" for purposes of an ETC determination. Accordingly, as CCTA has presented no probative evidence in this proceeding to indicate that the Applicants never intended to operate an OVS system, let alone that they intended to act in bad faith in filing this ETC application, we will not require the Applicants in this proceeding to begin providing service by a date certain as a condition of a determination of ETC status, as requested by CCTA. " 0*((aa"Ԍ X-x6. ` ` Similarly, we reject CCTA's argument that Applicants' petition presents significant "public interest concerns" simply because, according to CCTA, Applicants seek to use a determination of ETC status as a "fishing expedition" to attract funds that they had  X-failed to raise under another regulatory scheme.  X4-ԍx#XP\  P6QXP#Id. at 3.#XZ\  P@Q1XP#ю Contrary to CCTA's position, the ETC  X-certification process does not require prospective applicants to demonstrate financial ability.{ X-ԍx#XP\  P6QXP#See 47 C.F.R.  1.5000 et seq.; ETC Order, 11 FCC Rcd 11,377 passim.#XZ\  P@Q1XP# More importantly, however, as noted on numerous other occasions, one of the primary reasons the Commission adopted a streamlined, straightforward ETC application process was to encourage, accelerate and facilitate additional new competitive investment and entry,  XH-consistent with the procompetitive, deregulatory thrust of the 1996 Act.RH. X' -  ԍx#XP\  P6QXP#See, e.g., ETC Order, 11 FCC Rcd at 11,407 ( 84); Entergy Technology, 11 FCC Rcd  X-at 16,567 ( 27); Sentry Management, 11 FCC Rcd at 15,009 ( 6).#XZ\  P@Q1XP#R Because of the already stringent requirements of PUHCA, the Commission reasoned that the goals of the 1996 Act would therefore best be served if telecommunications or information services companies who wish to negotiate with public utility holding companies can receive a  X -determination of ETC status from the Commission prior to starting negotiations.0  Xi-  ԍx#XP\  P6QXP#Sentry Management, 11 FCC Rcd at 15,00810 & n. 10 ( 58). In fact, we have granted  XT- xETC status to several entities prior to their affiliation with a public utility holding company. See,  X?- xoe.g., Vanguard Communications, Inc., 12 FCC Rcd 13,777 (OGC 1997); WebCel  X*-Communications, Inc., 12 FCC Rcd 2381 (OGC 1997).#XZ\  P@Q1XP#0 In this way, the Commission prevents its regulatory approval process from becoming one of the numerous commercial uncertainties that can often otherwise prevent parties from  X -consummating a transaction. @  X-  ԍx#XP\  P6QXP#See ETC Order, 11 FCC Rcd at 11,405 ( 76); Sentry Management, 11 FCC Rcd at  X-15,00810 & n. 10 ( 58).#XZ\  P@Q1XP# Accordingly, as CCTA has presented no evidence to convince us to depart from this procompetitive policy, we reject CCTA's arguments and grant Applicants' consolidated application. "d 0*((aah"  X- III.xConclusion and Ordering Clauses  X-x7.` ` Accordingly, IT IS ORDERED that the consolidated application of Digital  X-Broadcasting OVS, LLC and Digivid Inc. IS GRANTED. IT IS FURTHER ORDERED that the Securities and Exchange Commission SHALL BE NOTIFIED of this determination. x` `  hhFEDERAL COMMUNICATIONS COMMISSION x` `  hhDavid H. Solomon  X -x` `  hhDeputy General Counsel#XZ\  P@Q1XP#