Section 54-8b-3.4 - Exemption from merger and acquisition approval by commission(1)(a) Except as provided in Subsection (2), a telecommunications corporation is exempt from the requirements of Sections 54-4-28, 54-4-29, and 54-4-30 if the telecommunications corporation is:(i) a competitive entrant pursuant to Section 54-8b-2.1; or(ii) an incumbent telecommunications corporation that has pricing flexibility pursuant to Section 54-8b-2.3.(b) A telecommunications corporation that is exempt under Subsection (1) shall notify the commission in writing prior to the conclusion of any transaction that would otherwise be subject to Section 54-4-28, 54-4-29, or 54-4-30.(2) The exemption described in Subsection (1) does not apply if the telecommunications corporation receives high cost support from the Universal Public Telecommunications Support Fund established in Section 54-8b-15, other than a one-time distribution described in Section 54-8b-15.Added by Chapter 85, 2019 General Session ,§ 1, eff. 5/14/2019.