Attachment 20170822164312-230.p

20170822164312-230.p

SUPPLEMENT

Supplement

2006-10-12

This document pretains to ITC-T/C-20061012-00465 for Transfer of Control on a International Telecommunications filing.

IBFS_ITCTC2006101200465_1621039

Mikelle Morra

From:                   Sumita Mukhoty
Sent:                   Thursday, November 16,    006 11:01 AM
To:                     Mikelle Morra
Co:                     David Krech
Subject:                FW: Telesphere—Rally C:   ital supplement

Importance:             High




Telesphere—Rally
Supplement 11...
                Mikelle — See attached date       stamped copy.     This needs to be uploaded to IBFS
(File NO.     ITC—T/C—1012—00465) . Thanks!       Sumita

*** Non—Public: For Internal Use Only *

————— Original Message—————
From: Kent Bressie [mailto:KBRESSIE@har           .swiltshire.com]
Sent: Thursday, November 16, 2006 10 :54          AM
To: David Krech; Sumita Mukhoty
Subject: RE: Telesphere—Rally Capital s           »plement


Attached please find a date—stamped cop           of yesterday‘s filing.

KDB




From: David Krech     [mailto:David.Krech@f       :.gov]
Sent:   Wed 11/15/2006 5:32 PM
To: Kent Bressie; Sumita Mukhoty
Subject: RE: Telesphere—Rally Capital s           )plement




Thanks .

Hate to bother you again about this tra           saction, but do you have a copy of the July 27,
2006 letter where you notified us of th           name change (from Clear Sky Broadband, Inc. to
Telesphere) that you could send us?


*** Non—Public:    For Internal Use Only ***

————— Original Message—————
From:   Kent Bressie [mailto:KBRESSIE@harriswiltshire.com]
Sent:   Wednesday, November 15, 2006 2:20 PM
To: Sumita Mukhoty
Cc: David Krech
Subject: Telesphere—Rally Capital supplement


Sumita,

Attached please find a copy of the supplement we filed with the Secretary‘s office today.
The supplement addresses the questions and information requests you sent to me.  I will
forward a date—stamped copy of the filing once I receive it back from the Secretary‘s
office.


Please let me know if you need anything else.

All the best,

Kent


                                                                              1200 EIGHTEENTH STREET, NW
                                                                              WASHINGT ON, DC 20036

                                                                              TEL 202.730.1390

                                      FIL ED/AC SEPTED                        FAX 202.730.1371
                                                                              V M V.HARRISWILTSHIRE.COM

                                            NCV 15 210¢t
                                    Feceral Com municat ns Com
                                                               i ilssion
                                            )ffic : of the 5 ecre ary

     15 Novembr :0( 6




                                                                               STAMP AND RETURKN
    BY HAND DEFL] VIIRY

    Marlene H. Dorte 1
    Office of th: S :or stary
    Federal Cor im in caioi is Comtais ;i0 1
    445 12th Stieet, SW.
    Washington, D.C 2(054

            Re:__   Apolicationfor Conseat to Tra isfr Control 0j a Telecom.nunications Carrier
                    4u hcriz   2d to Prov.de Global Vacilities—Based ar.d (Uiloba‘ Resale International
                    Te. ecom   nunicatior s Services c nd to Transfer Toitrol ofDomestic Common
                    Carrier    "ransmission Lines, Purs.iant to Section 214 o,‘ the Communications Act
                    f (9544,   as Ameinded, °CC File N>). ITC—T/C—20051012—09465


    Dear Ms. Dortch:

            I am writing in response to written and telephone inquiries from International Bureau
    staff in connection with the acquisition of Telesphere Networks Ltd. ("Telesphere") by Rally
    Capital, LLC ("Rally Capital") ("Reorganization Transactions").

            First, 1 clarify that Rally Capital acquired its 67—percent interest in Telesphere‘s capital
    stock through conversion of Telesphere debt into newly—issued shares of Telesphere capital
    stock.‘ The issuance of these new shares diluted the interests of Telesphere‘s existing

1
    See Telesphere Networks Ltd. and Rally Capital, LLC, Application for Consent to Transfer
    Control of a Telecommunications Carrier Authorized to Provide Global Facilities—Based and
    Global Resale International Telecommunications Services and to Transfer Control of Domestic
    Common Carrier Transmission Lines, Pursuant to Section 214 of the Communications Act of
    1934, as Amended, FCC File No. ITC—T/C—20061012—00465, at 3 (filed Oct. 12, 2006)
    ("Application").


    Marlene H. Dortch
    Federal Communications Commission
    15 November 2006
    Page 2


    shareholders. Consequently, the three shareholders who each held 10—percent or great r i iterests
    in Telesphere‘s capital stock prior to the Reorganization Transactions now, pcst——onsunir ation,
    each hold less than 10 percent of Telesphere‘s outstanding capital stock. Attachr ient 4
    illustrates the pre—Reorganization Transactions structure of Telesphere‘s ownersh ip, wh ile
    Attachment B illustrates the post—Reorganization Transactions structure of Telest here‘ ;
    ownership.

           Second, 1 clarify that no individuals or entities—other than those ident fie 1 on ; ags 6
    and 7 of the Application in response to Section 63.18(h) of the Commission‘s rul :s—h »ld s a 10—
percent—or—greater direct or indirect equity or voting interest in Telesphere or Ital y Cap ita
following the consummation of the Reorganization Transactions. Rally CapitiI‘s prior
certification in response to Sections 63.18(h) and 63.24(i) of the Commission‘ s r les is the refore
accurate .2


        Third, 1 ask that the Commission recognize the reference to "Menta LLC" on ps ge 7 of
the Application is a typographical error. The correct entity name is "Mente LLC. *

             If you have any questions, please do not hesitate to contact me bytelephoie at — 1 :02
730 1337 or by email at kbressie@harriswiltshire.com.

                                                  Respectfully submitted,

                                                   petealAm ..
                                                        /                 se           0|



                                                  Kent D. Bressie

                                                  Counselfor Telesphere Networks Lta.


Attachments (4)

go:          David Krech
             Sumita Mukhoty




*     See Application at 6—7, 12.


                                       Attachment A

       Structure of Ownership in Telesphere Networks Ltd.—
                  Pre—Reorganization Transactions


       Dave Thomas                    Brad Green


29.9% direct                  10.7% direct


                         Jeff Rice                    Other shareholders (collectively)


               23.5% direct                           35.9% direct




                                     Telesphere Networks Ltd.


                                     Attachment B

       Structure of Ownership in Telesphere Networks Ltd.—
                 Post—Reorganization Transactions



        Dave Thomas                  Brad Green                            William H. Gates


7.4% direct                 3.0% direct                                100% direct


                        Jeff Rice                 Other shareholders          Mente LLC
                                                     (collectively)

              7.2% direct                    15.4% direct               88% direct



                                                                              Teledesic
                                                                             Corporation

                                                                        99% direct



                                                                            Teledesic LLC

                                                                       100% direct



                                                                            Rally Capital,
                                                                                 LLC

                                                                       67% direct




                                    Telesphere Networks Ltd.


                                       CERTIFICATION



        L, Dennis James, Chief Operating Officer of Telesphere Networks Ltd., hereby certify
under the laws of the United States that, under the penalty of perjury, l have reviewed the
attached letter, and that, to the best of my knowledge and belief, all ofthe information contained
therein is accurate and correct.



                                                                       **
                                            f/"/\L,             c    ;/   ‘j   om


                                             Dennis James               7
                                             Chief Operating Officer"
                                             TELESPHERE NETWORKS LTD.
                                             4150 N. Drinkwater
                                             Suite 500
                                             Scottsdale, Arizona 85251
                                             +1 480 385 7000 tel


                                       CERTIHFCATION



       I, Dennis Weibling, Managing Director of Rally Capital, LLC, hereby certify under the
laws of the United States that, under the penalty ofperjury, I have reviewed the attached letter,
and that, to the best of my knowledge and beliefe, all of the information contained therein is
accurate and correct.




                                              Dennis Weibling          Z/
                                              Managing Director
                                              RALLY CAPITAL, LLC
                                             2365 Carillon Point
                                             Kirkland, Washington 98033
                                             +1 425 889 4331 tel



Document Created: 2019-06-06 12:22:12
Document Modified: 2019-06-06 12:22:12

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