Louise B. Barnes, Donor, et al. - Page 11

                                        -11-                                          
          Helmly sold their shares of stock in Home to their sons Robert              
          and Dozier.  Robert is president and chief executive officer of             
          Home.  Dozier has been a director since 1979.                               
               In 1991, Dozier sold some of his Home stock back to the                
          company for $252 per share, an amount that was a little above               
          book value.                                                                 
               In 1992, Home's largest shareholder was Rock Hill.                     
               2.   Telephone Services Provided by Home                               
               Home installed its first digital line in 1966.  By 1986, all           
          of Home's service was digital.                                              
               Home maintained 14,718 access lines on December 31, 1991.              
          Each of these lines has access to inter-exchange carriers such as           
          AT&T, MCI, and Sprint.                                                      
               Home's local telephone services rates are set by the SCPSC.            
               3.   Home Telecom, Inc.                                                
               Home's wholly owned subsidiary, Home Telecom, Inc. (Home               
          Telecom), became a partner with another company (not otherwise              
          identified in the record) to provide cellular telephone service             
          in the Charleston Metropolitan Statistical Area (MSA).  Home                
          Telecom is a 25-percent nonmanaging partner in Charleston-North             
          Charleston MSA, L.P.  On December 31, 1991, Home Telecom had                
          about 10,160 customers.                                                     









Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011