Assisted management of telecommunications company with financial reporting
Assisted management of telecommunications company with financial reporting
Multi-disciplinary Valuation Services - Financial Reporting Purposes
Stout was engaged by Onvoy, LLC to provide valuation services designed to assist management in addressing certain financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC 805) and Topic 820, Fair Value Measurement (FASB ASC 820), in connection with its acquisition of numerous entities in the telecommunications industry. Onvoy offers a full suite of wholesale services to wireless, wireline, cable, and broadband companies. Onvoy provides tandem and transit, wholesale VoIP, hosted PBX, long distance, SS7/database services, and call management solutions, including directory assistance and operator services. We played a critical role in assisting management with their financial reporting requirements under ASC 805 and ASC 820. The numerous acquisitions, which occurred throughout North America and Europe helped cement Onvoy as one of the largest competitive local exchange carriers in the United States.