Attachment Attachment 1

This document pretains to ITC-ASG-20140725-00225 for Assignment on a International Telecommunications filing.

IBFS_ITCASG2014072500225_1054993

                                     ATTACHMENT 1

       Notice of a Pro Forma Assignment of International Section 214 Authorization
                    from OH WDH Holdco, LLC to Wave Holdco, LLC
            Pursuant to 47 C.F.R. § 63.24(f) (File No. ITC-214-2005070100565)

Answer to Question 10 – Section 63.18(c) – (d):
Information for Assignor, OH WDH Holdco, LLC:
      Contact Information:
              Kevin G. Levy
              OH WDH Holdco, LLC
              c/o Keystone Group, L.P.
              201 Main Street
              Suite 3100
              Fort Worth, TX 76102
              (817) 390-8503 (Tel)
              (817) 887-5876 (Fax)
              klevy@keystoneftw.com

       with a copy to:
               Patrick S. Campbell
               Paul, Weiss, Rifkind, Wharton & Garrison LLP
               2001 K Street NW, Suite 600
               Washington, DC 20006
               (202) 223-7323 (Tel)
               (202 204-7371 (Fax)
               pcampbell@paulweiss.com

       International Section 214 Authorizations:
       OH WDH Holdco, LLC holds domestic and international Section 214 authority under
File No. ITC-214-2005070100565.

Information for Assignee, Wave Holdco, LLC:
      Contact Information:
              Jim Penney
              WaveDivision Holdings, LLC
              Exec. V.P., Business and Legal Affairs
              401 Kirkland Place, Suite 500
              Kirkland, WA 98033
              (425) 576-8300 (Tel)
              jpenney@wavebroadband.com

       with a copy to:
               K.C. Halm
               Davis Wright Tremaine LLP
               1919 Pennsylvania Ave., NW, Suite 800
               Washington, D.C. 20006
               202-973-4200 (telephone)


                  202-973-4499 (facsimile)
                  kchalm@dwt.com

         International Section 214 Authorizations:
         Wave Holdco, LLC does not hold Section 214 authority.

Answer to Question 11 – Section 63.18(h):

         The following entities will own or control 10% or more1 of the Assignee, Wave Holdco,
LLC:

A.       Oak Hill Capital Partners Affiliated Companies:

         Name:                          Oak Hill Capital Management Partners III, L.P.
         Address:                       201 Main Street, Suite 1018, Fort Worth, TX 76102
         Citizenship:                   Cayman Islands
         Principal Business:            Investment Activities
         % Equity:                      2.10% Owner of Wave Holdco, LLC

         Name:                          Oak Hill Capital Partners III, L.P.
         Address:                       201 Main Street, Suite 1018, Fort Worth, TX 76102
         Citizenship:                   Cayman Islands
         Principal Business:            Investment Activities
         % Equity:                      49.41% Owner of Wave Holdco, LLC

         Name:                          OH Wave Blocker I, Inc.
         Address:                       201 Main Street, Suite 1018, Fort Worth, TX 76102
         Citizenship:                   Cayman Islands
         Principal Business:            Investment Activities
         % Equity:                      12.61% Owner of Wave Holdco, LLC

         Name:                          OH Wave Blocker II, Inc.
         Address:                       201 Main Street, Suite 1018, Fort Worth, TX 76102
         Citizenship:                   Cayman Islands
         Principal Business:            Investment Activities
         % Equity:                      1.92% Owner of Wave Holdco, LLC

B.       WaveDivision Capital III:

         Name:                          WaveDivision Capital III, LLC
         Address:                       401 Kirkland Pl., Suite 500, Kirkland, WA 98033
         Citizenship:                   U.S.

1
 Two entities identified herein, Oak Hill Capital Partners III, L.P. and Oak Hill Capital Partners III (AIV II), L.P.,
own or control less than 10% of the Transferee, Wave Holdco. However, these entities are identified here simply
for the purpose of full disclosure of the Oak Hill entities that hold a direct ownership interest in Wave Holdco.
                                                           2


       Principal Business:       Investment Activities
       % Equity:                 16.53% Owner of Wave Holdco, LLC


C.     GI Partners Affiliate:

       Name:                     GI Wave Holdings, LLC
       Address:                  2180 Sand Hill Road, Suite 210, Menlo Park, CA
                                 94025
       Citizenship:              U.S.
       Principal Business:       Investment Activities
       % Equity:                 17.45% Owner of Wave Holdco, LLC


Additional Information Relating to the Oak Hill Capital Partners Affiliated Companies:

       1.     The Oak Hill Capital Partners affiliated companies identified above are ultimately
              controlled by OHCP MGP III, Ltd., the ultimate general partner for each of the
              Oak Hill funds that will own an interest in Wave Holdco, LLC.

                  Name:            OHCP MGP III, Ltd.
                  Address:         201 Main Street, Suite 1018, Fort Worth, TX 76102
                  Citizenship:     Cayman Islands
                  Principal        Investment Activities
                  Business:
                  % Equity:        Ultimate General Partner of Oak Hill Capital
                                   Partners III, L.P., Oak Hill Capital Management
                                   Partners III, L.P., OH Wave Blocker I, Inc. and OH
                                   Wave Blocker II, Inc.

       2.     The following are the voting members of OHCP MGP III, Ltd.:

                  Name:            The J. Taylor Crandall Revocable Trust
                  Address:         201 Main Street, Suite 1018, Fort Worth, TX 76102
                  Citizenship:     U.S.
                  Principal        Investment Manager
                  Business:
                  % Equity:        16.6671% voting member of OHCP MGP III, Ltd.

                  Mr. J. Taylor Crandall owns 100% of the interests in this revocable
                  trust. Mr. Crandall is a U.S. citizen, with a business address of 201
                  Main Street, Suite 1018, Fort Worth, TX 76102.

                  Name:            Tyler Wolfram
                  Address:         201 Main Street, Suite 1018, Fort Worth, TX 76102
                  Citizenship:     U.S.
                                               3


       Principal         Investment Manager
       Business:
       % Equity:         16.6671% voting member of OHCP MGP III, Ltd.

       Name:             Steven B. Gruber
       Address:          201 Main Street, Suite 1018, Fort Worth, TX 76102
       Citizenship:      U.S.
       Principal         Investment Manager
       Business:
       % Equity:         16.6659% voting member of OHCP MGP III, Ltd.

       Name:             Kevin G. Levy
       Address:          201 Main Street, Suite 1018, Fort Worth, TX 76102
       Citizenship:      U.S.
       Principal         Investment Manager
       Business:
       % Equity:         16.6671% voting member of OHCP MGP III, Ltd.

       Name:             Denis J. Nayden
       Address:          201 Main Street, Suite 1018, Fort Worth, TX 76102
       Citizenship:      U.S.
       Principal         Investment Manager
       Business:
       % Equity:         10.6365% voting member of OHCP MGP III, Ltd.

       Name:             Ray Pinson
       Address:          201 Main Street, Suite 1018, Fort Worth, TX 76102
       Citizenship:      U.S.
       Principal         Investment Manager
       Business:
       % Equity:         16.6671% voting member of OHCP MGP III, Ltd.

       Name:             The Nayden Family Florida Trust
       Address:          201 Main Street, Suite 1018, Fort Worth, TX 76102
       Citizenship:      U.S.
       Principal         Investment Manager
       Business:
       % Equity:         6.0294% voting member of OHCP MGP III, Ltd.


3.   The equity in the Oak Hill private equity funds identified herein (Oak Hill Capital
     Partners III, L.P.; Oak Hill Capital Partners III (AIV I), L.P.; Oak Hill Capital
     Partners III (AIV II), L.P.; and Oak Hill Capital Management Partners III, L.P.) is
     held by numerous, primarily U.S.-based investors, including individuals, trusts,
     institutions and business entities.

                                      4


Additional Information Regarding WaveDivision Capital III, LLC:

       1.     WaveDivision Capital III, LLC is majority owned and controlled by Steven B.
              Weed and Stanley A. Roberts. Each of the individual investors in WaveDivision
              Capital III, LLC is a U.S. citizen, and none of the investors will own a 10% or
              greater interest in the Transferee on a look through basis.


Additional Information Regarding GI Wave Holdings, LLC:

       1.     The following entities are the owners of GI Wave Holdings, LLC:

                  Name:            GI Wave UBTI-ECI Blocker, Inc., LLC
                  Address:         2180 Sand Hill Road, Suite 210, Menlo Park, CA
                                   94025
                  Citizenship:     U.S.
                  Principal        Investment Activities
                  Business:
                  % Equity:        17.3% Owner of GI Wave Holdings, LLC

                  Name:            GI Partners Fund III, LLP
                  Address:         2180 Sand Hill Road, Suite 210, Menlo Park, CA
                                   94025
                  Citizenship:     U.S.
                  Principal        Investment Activities
                  Business:
                  % Equity:        82.7% Owner of GI Wave Holdings, LLC

       2.     The equity in the GI Partners private equity funds identified on the attached
              organization chart (GI Partners Fund III LP; GI Partners Fund III-A LP; and GI
              Partners Fund III-B LP) is held by numerous investors, including individuals,
              trusts, institutions and business entities, none of which individually owns a 10%
              or greater interest in the Transferee. The two investors in the GI Partners private
              equity funds that will hold a greater than 10% interest (on a look through basis) in
              Wave Holdco, LLC are the California Public Employees’ Retirement System and
              the California State Teachers’ Retirement Fund; none of the other investors in the
              GI Partners private equity funds will individually own 10% or greater interest (on
              a look through basis) in Wave Holdco, LLC. The aggregate non-U.S. investment
              in these funds is below 15%.

              Additional information regarding the California Public Employees’ Retirement
              System and the California State Teachers’ Retirement System is set forth in the
              table below.


                                               5


                        Name:          California Public Employees’ Retirement System
                        Address:       400 Q Street, Sacramento, CA 95814
                        Citizenship:   U.S.
                        Principal      Investment Activities
                        Business:
                             %         26.8% interest in GI Partners Fund III LP

                        Name:          California State Teachers’ Retirement System
                        Address:       100 Waterfront Place, West Sacramento, CA 95605
                        Citizenship:   U.S.
                        Principal      Investment Activities
                        Business:
                        % Equity:      21.5% interest in GI Partners Fund III LP


       The address for OH WDH Holdco, LLC and Wave Holdco, LLC is 401 Kirkland Place,
Suite 500, Kirkland, WA 98033.

           There are no interlocking directorates between the applicant and any foreign carrier.

Answer to Question 13 – Narrative Description of Pro Forma Transaction

        On June 25, 2014 the parties completed a pro forma transaction involving the assignment
of the international 214 authorization currently held by OH WDH Holdco, LLC in conjunction
with a bond offering initiated by its parent company. Wave Holdco, LLC which now holds the
international 214 authorization, will remain a wholly-owned subsidiary of Oak Hill Capital
Partners and GI Capital Partners.

        An assignment of a license from one wholly-owned company to another wholly-owned
company, without any change in ultimate control of the licensee, is a presumptively pro forma
transaction under the Commission’s rules.2 This pro forma transaction will have no impact on
company’s customers, the services provided by the company, or any aspect of operations of the
company.




2
    47 C.F.R. § 63.24(d), Note 2.
                                                    6



Document Created: 2014-07-25 16:25:07
Document Modified: 2014-07-25 16:25:07

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