Attachment 20170822143518-327.p

20170822143518-327.p

SUPPLEMENT

Supplement

2006-09-20

This document pretains to ITC-T/C-20060920-00436 for Transfer of Control on a International Telecommunications filing.

IBFS_ITCTC2006092000436_1620975

Federal Communications Commission Washington, D.C. 20554 Inte onal Bur E—mail: James.Ball@fec.gov George.Li@fce.gov (202) 418—1462 (202) 418—2824 (fax) October 11, 2006 Ref: 2006—57 Hil + Morg: (703) 607—609 Steven W. Lett (202) 647—5835 Re; | Hart (202) 205—049 Louis Brenner (202) 692—4235 Eric ‘erner (202) 772—090 Josephine Scarlett (202) 482—5461 Ed d T. H; (202) 514—246 Kenneth Schagrin (202) 395—5663 Hel Domen (202) 456—608 Myla S. Trotter (202) 324—1730 Sig {Aandel (202) 616—057 Jonathan Frenkel (202) 282—8478 Do: ic Past (202) 514—560 Ste n Heift (202) 282—897 Re: Section 214 : 310(b)(4) applications De jiror\ am; Ple zs revi the following appli iions and advise us whether you have any national . sec ity, la inforcement, foreign licy or trade concerns by C.O.B. October 30, 2006, bee se we e prepared to take : ion on these applications. Electronic filed (e—file) ap catior are able to be view by accessing www.fce.gov/ibfs and searching:by the lenum er. : IS) ‘DR—i 60919—00012 (e—fil Tn aot G1 al Communications LC (Trident) and PetroCom License Corporation (Pe »Com) stition the Commiss : for a declaratory ruling under Section 310(b)(4) of the ommt :ations Act of 1934, amended, that it is in public interest to allow Kactus Inv tment orporation (Kactus), privately—held corporation organized under the laws of the Cayman Islands (a territory of the United Kingdom), to acquire a 40% indirect voting interest in PetroCom that would result from Trident‘s proposed acquisition of PetroCom‘s parent corporation (see transfer of control applications listed below). Petitioners also request authority to allow investors named in this petition or other unnamed investors to hold an additional, aggregate 25% foreign equity and voting interest in PetroCom, without seeking additional Commission approval. Petitioners state that, although Kactus would be attributed with a 40% indirect voting interest in PetroCom under the Commission‘s foreign ownership precedent, the Kactus investment will be insulated and passive. Further, its indirect equity interest in PetroCom will be only 0.1019%. According to Petitioners, Kactus is an investment company that has its principal place of business in the United States. It is wholly owned by the Tamer Family Trust, which is based in the United States and is controlled by a U.S. citizen, Anthony Tamer. As the sole trustee, Mr. Tamer exercises legal title and control over the

ownership interest held in Kactus for the benefit of the trust‘s sole beneficiary, a citizen of Lebanon. PetroCom holds a number of FCC licenses and authorizations: Cellular Radiotelephone and 800 MHz Specialized Mobile Radio (SMR), Domestic Fixed Satellite transmit/receive earth station and Very Small Aperture Terminal (VSAT) licenses; and an international Section 214 authorization. ITC—T/C—20060920—00436 (e—file) Application for consent to the transfer of control of international section 214 authorization, ITC—214—19980226—00151, held by PetroCom License Corporation (PetroCom) from S&P Cellular Holding Company LLC to Trident Global Communications LLC. PetroCom also requests consent for the transfer of control of wireless licenses (ULS 0002734993) and satellite earth station licenses (SES—T/C— 20060920—01757 and SES—T/C—20060920—01758). Kactus Investment Corporation, a private—held corporation organized under the laws of the Cayman Islands (a territory of the United Kingdom), will hold a 40% indirect voting interest in PetroCom, that would result from Trident‘s proposed acquisition of PetroCom‘s parent corporation. As noted above, a citizen of Lebanon will hold a 0.1019% indirect equity interest in PetroCom. If we do not hear from you by C.O;B. October 30, 2006, we Will assume that you do not . have any concerns with these applications. Sincerely, dozmom A _& George Li, Deputy Chief Policy Division


Document Created: 2019-05-01 12:08:40
Document Modified: 2019-05-01 12:08:40
© 2025 FCC.report
This site is not affiliated with or endorsed by the FCC