-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.
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Last modified: May 25, 2011