47 CFR § 32.102
Nonregulated investments
February 16, 2021
Nonregulated investments shall include the investment in nonregulated activities that are conducted through the same legal entity as the telephone company operations, but do not involve the joint or common use of assets or resources in the provision of both regulated and nonregulated products and services. See §§32.14 and 32.23.
[52 FR 6561, Mar. 4, 1987]