Attachment Pro Forma Attachment

This document pretains to ITC-T/C-INTR2019-01911 for Transfer of Control on a International Telecommunications filing.

IBFS_ITCTCINTR201901911_1697482

                                                              Notification of Pro Forma Transfer


                               ATTACHMENT 1
              NOTIFICATION OF PRO FORMA TRANSFER OF CONTROL
                  OF INTERNATIONAL SECTION 214 AUTHORITY

        Pursuant to Section 214 of the Communications Act of 1934, as amended, 47 U.S.C.
§ 214, and Section 63.24(f) of the Federal Communications Commission’s (“Commission” or
“FCC”) rules, 47 C.F.R. § 63.24(f), Intelsat S.A. notifies the Commission of the pro forma
transfer of control of an international Section 214 authorization held by Intelsat General
Communications LLC (“Intelsat General Communications”), an indirect wholly-owned
subsidiary of Intelsat S.A. The FCC has already consented to the transaction that is the subject
of this post-closing notice.1 The transaction was completed on May 2, 2019.

        Under the FCC’s rules, transfers of control that do not result in a change of the actual
controlling party are considered non-substantial or pro forma.2 Moreover, a “corporate
reorganization that involves no substantial change in the beneficial ownership of the corporation”
is presumptively considered to be non-substantial or pro forma.3 The corporate change described
herein involves only the insertion into the ownership chain of a new, wholly-owned subsidiary.
This corporate change constitutes a non-substantial (pro forma) transfer of control because
ultimate ownership and control of the international Section 214 authorization is exactly the same
before and after the corporate reorganization. This internal corporate reorganization serves the
public interest by creating operational and administrative efficiencies for Intelsat S.A. and its
subsidiaries.

Answer to Question 10 - Section 63.18(a)-(d):

        Because ultimate ownership and control of the international Section 214 authorization
will not change as a result of this transaction, Intelsat S.A. has been designated as both the
transferor and the transferee for the instant pro forma transfer notification.

Contact Information for Transferor/Transferee (Intelsat S.A.):

       Susan Crandall
       Associate General Counsel
       c/o Intelsat US LLC
       7900 Tysons One Place
       McLean, VA 22102
       (703) 559-7848

1
        On May 2, 2019, the International Bureau granted the pro forma transfer of control of a
space station license held by Horizons-3 License LLC, an indirectly wholly-owned subsidiary of
Intelsat S.A. See Public Notice, Satellite Policy Branch Information, Actions Taken, DA No. 19-
382 (May 3, 2019).
2
        47 C.F.R. § 63.24(d) (“Transfers of control or assignments that do not result in a change
in the actual controlling party are considered non-substantial or pro forma.”).
3
       47 C.F.R. § 63.24(d), Note 2.


       susan.crandall@intelsat.com

       with a copy to counsel:

       Jennifer Hindin
       Wiley Rein LLP
       1776 K Street, NW
       Washington, DC 20006
       (202) 719-4975
       jhindin@wileyrein.com

Place of Formation: Intelsat S.A. is organized under the laws of Luxembourg. Intelsat General
Communications is a Delaware limited liability company.

International Section 214 Authority: Intelsat S.A. does not hold any international Section 214
authority but does indirectly control Intelsat General Communications which holds the
international Section 214 authorization that is the subject of this notification (IBFS File No. ITC-
MOD-20050329-00170 (global facilities-based service or global resale service)).

Answer to Question 11 - Section 63.18(h):

       The corporate reorganization does not affect the indirect foreign ownership in Intelsat’s
subsidiaries that was previously approved by the Commission.4

Answer to Question 13

        Intelsat hereby notifies the Commission of the pro forma transfer of control of the
international Section 214 authority held by Intelsat General Communications. As depicted in
Exhibit 2-A, prior to the corporate reorganization, Intelsat General Communications was owned
and controlled through various direct and indirect wholly-owned subsidiaries of Intelsat S.A.

        The non-substantial or pro forma transfer of control of the international Section 214
authority occurred due to a corporate reorganization involving the insertion into the ownership
chain of a new wholly-owned subsidiary, which does not change the ultimate ownership of
Intelsat General Communications. Specifically, between Intelsat Alliance LP and Intelsat US
LLC, Intelsat US Finance LLC, a Delaware limited liability company, is inserted into the
ownership chain. The post-consummation ownership structure is depicted in Exhibit 2-B.




4
       See Intelsat Holdings, Ltd. and Serafina Holdings Limited, Consolidated Application for
Consent to Transfer of Control of Holders of Title II and Title III Authorizations, Memorandum
Opinion and Order, 22 FCC Rcd 22,151 (2007) (“Intelsat-Serafina Order”); See Intelsat Global
Holdings, S.A. Applications to Transfer Control of Intelsat Licenses and Authorizations from BC
Partners Holdings Limited to Public Ownership, IB Docket No. 11-205, Order, 27 FCC Rcd
5226 (2012).


                                                -2-


                                                           Exhibit 2-A:
                                                      Pre-Transaction Ownership1



                                                                BCP Funds
                     Silver Lake Funds                        (UK/Guernsey/
                            (U.S.)                               France)



                     SLP III Investment                                                       Public Shareholders,
                      Holding S.à r.l.                       Serafina S.A.                     including Intelsat
                       (Luxembourg)                          (Luxembourg)                        Management
                                                                                                  (U.S./WTO)

                                                                         Approx.
                                 Approx.                                 41.1%              Approx.
                                 8.8%                                                       50.1%

                                                               Intelsat S.A.2
                                                              (Luxembourg)


                                                       Intelsat (Luxembourg) S.A.
                                                              (Luxembourg)


                                                      Intelsat Envision Holdings LLC
                                                                (Delaware)


                                                      Intelsat Connect Finance S.A.
                                                               (Luxembourg)


                                                      Intelsat Jackson Holdings S.A.
                                                               (Luxembourg)


               Intelsat Genesis Inc.           100%                   90%-95%
                     (Delaware)                                         (LP)



             Intelsat Genesis GP LLC
                     (Delaware)




                                                                 Intelsat
                                                               Alliance LP
                                                               (Delaware)




                             Intelsat US LLC                    Other                  Intelsat Ventures S.à r.l.
                                (Delaware)                    Subsidiaries                   (Luxembourg)

                                                                                           Intelsat License            Other
                                                                   50%                       Holdings LLC            Subsidiaries
                                                                                              (Delaware)
  Intelsat General        Horizons-3 License LLC      Horizons-I Satellite LLC
Communications LLC              (Delaware)                  (Delaware)
     (Delaware)                                                                          Intelsat License LLC
                                                                                              (Delaware)
    1. All subsidiaries are wholly owned unless otherwise noted.
    2. Dotted lines reflect intermediate subsidiaries not shown.


                                                           Exhibit 2-B:
                                                      Post-Transaction Ownership1



                                                                BCP Funds
                     Silver Lake Funds                        (UK/Guernsey/
                            (U.S.)                               France)



                     SLP III Investment                                                       Public Shareholders,
                      Holding S.à r.l.                        Serafina S.A.                    including Intelsat
                       (Luxembourg)                           (Luxembourg)                       Management
                                                                                                  (U.S./WTO)

                                                                         Approx.
                                 Approx.                                 41.1%              Approx.
                                 8.8%                                                       50.1%

                                                               Intelsat S.A.2
                                                              (Luxembourg)


                                                        Intelsat (Luxembourg) S.A.
                                                               (Luxembourg)


                                                      Intelsat Envision Holdings LLC
                                                                (Delaware)


                                                      Intelsat Connect Finance S.A.
                                                               (Luxembourg)


                                                      Intelsat Jackson Holdings S.A.
                                                               (Luxembourg)

               Intelsat Genesis Inc.           100%                   90%-95%
                     (Delaware)                                         (LP)



             Intelsat Genesis GP LLC
                     (Delaware)



                                                                 Intelsat
                                                               Alliance LP
                                                               (Delaware)




                        Intelsat US Finance LLC
                               (Delaware)


                             Intelsat US LLC                    Other                  Intelsat Ventures S.à r.l.
                                (Delaware)                    Subsidiaries                   (Luxembourg)

                                                                                           Intelsat License            Other
                                                                   50%                       Holdings LLC            Subsidiaries
                                                                                              (Delaware)
  Intelsat General        Horizons-3 License LLC      Horizons-I Satellite LLC
Communications LLC              (Delaware)                  (Delaware)
     (Delaware)                                                                          Intelsat License LLC
                                                                                              (Delaware)
    1. All subsidiaries are wholly owned unless otherwise noted.
    2. Dotted lines reflect intermediate subsidiaries not shown.



Document Created: 2019-05-24 15:20:40
Document Modified: 2019-05-24 15:20:40

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