Transfer of Section 214 Authorizations Sought in Liberty Purchase of CWC
Cable & Wireless Communications (CWC), being purchased by Liberty Global, is seeking FCC International Bureau approval to transfer control of a variety of international Communications Act Section 214 authorizations and of the licenses to operate the Arcos-1 fiber cable system…
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and CFX-1 fiber submarine cable system as part of that deal. In a series of IB filings Monday (see here, here, here, here and here), CWC said under the deal, submarine cable landing licenses and the Section 214 authorizations will be transferred to newly incorporated CWC New Cayman, then CWC New Cayman will be transferred to a another newly incorporated holding company, CWC New Cayman Holdco, with Liberty Global having indirect ownership and control of CWC New Cayman and other license subsidiaries will be transferred to Liberty Global. Liberty Global's takeover of CWC -- which Liberty Global says it hopes to complete in Q2 (see 1511160022) -- comes as CWC was partway through its own takeover of Columbus International, announced in 2014. Liberty Global said that transaction isn't expected to be completed and that it and Columbus instead ask for transfer of control of the Columbus subsidiaries that operate the fiber cable systems to it.