Intelsat urged the FCC to promptly approve its transfer application. The...
Intelsat urged the FCC to promptly approve its transfer application. The company’s licensees completed all of the steps necessary to consummate the Intelsat pro forma transfer, Intelsat said in a letter (http://xrl.us/bm485e) in docket 11-205 which pertains to its transfer…
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application. Intelsat also clarified that its licensees “do not request approval for a governance agreement as part of the transfer of control for which FCC approval is sought.” The application seeks the transfer of de jure and de facto control of the Intelsat licenses from BC Partners “to public ownership pursuant to a public offering of newly issued voting shares, private placements of newly issued voting shares and subsequent voting shares sales by current shareholders,” it said: Grant of the application “would approve only this transfer of control to the public.”