Neustar Inc (NYSE:NSR) is currently the only provider of Local Number Portability Administrator services in the United States. These services are provided pursuant to the seven regional contracts, as amended (the “NPAC Contracts”) between the Company and the NAPM.
On September 29, 2016, the NAPM provided written notice of its election to extend the term of the NPAC Contracts, which were set to expire on September 30, 2016, in accordance with Section 24.2 thereof (the “Extension Notice”). In connection with such extension and in accordance with the NPAC Contracts, the NAPM had the option to license the source code that the Company uses to provide services to the NAPM. As set forth in the Extension Notice, the NAPM did not elect to license the Company’s source code. In accordance with Section 24.2 of the NPAC Contracts, the Company shall continue to provide services and transition services, subject further to the right of the NAPM to deliver to the Company one or more 180 Day Termination Notices (as defined in the NPAC Contracts).
Based on the timeline published by the Transition Oversight Manager on August 31, 2016, we expect to provide services and transition services until at least the end of May 2018.