Attachment Exhibit E - Q34&A20

This document pretains to SAT-T/C-20130926-00117 for Transfer of Control on a Satellite Space Stations filing.

IBFS_SATTC2013092600117_1013968

                                                                                               FCC Form 312
                                                                                                   Exhibit 1
                                                                                                 Page 1 of 5

                               Exhibit E: Responses to Items 34 and A20
                            OWNERSHIP AND CONTROL OF TRANSFEREE

         In accordance with the Satellite Licensing Streamlining Order1 and Section 25.137(g)2 of
the Commission’s rules, Satélites Mexicanos, S.A. de C.V., a Mexican corporation (“SatMex”),
hereby notifies the Commission that its indirect ownership and control will be transferred to
Eutelsat S.A., a société anonyme organized under the laws of France (“Eutelsat”) and
respectfully requests that the Commission undertake the process to update the Permitted List to
reflect this change for the following satellites: Satmex 5 (Call Sign S2589); Satmex 6 (Call Sign
S2695); and Satmex 8 (S2873) (the “Satellites”).

         SatMex, along with certain of its direct and indirect shareholders, and Eutelsat have
entered into a Securities Purchase Agreement, dated July 30, 2013, pursuant to which Eutelsat
has agreed to purchase, directly or indirectly, all of the issued and outstanding shares of capital
stock of SatMex in an all-cash transaction. Specifically, Eutelsat has agreed to: (i) acquire all of
the issued and outstanding shares of Satmex International B.V., a shareholder of SatMex, from
Satmex International Coöperatieve U.A.; (ii) acquire all of the issued and outstanding shares of
Holdsat México, S.A.P.I. de C.V., a shareholder of SatMex (other than shares held by Satmex
International B.V.), from Intenal Mexicana, S.A.P.I. de C.V. and Alejandro Sainz Orantes; and
(iii) acquire certain shares of SatMex from Centerbridge Capital Partners SBS (Cayman), L.P.
and EJA Holdings Ltd. Upon the consummation of the transactions described above, Eutelsat
will own, directly or indirectly, 100% of the issued and outstanding shares of capital stock of
SatMex.

       Although ownership of SatMex will change, the Satellites will continue to be non-U.S.
licensed satellites that are licensed by Mexico, a member of the World Trade Organization
(“WTO”), for services subject to the World Trade Organization Basic Telecommunications
Agreement. To the extent that the Commission wishes to review issues relating to Eutelsat, it is
incorporated in France, which is a member of the WTO, and is legally, financially, and
technically qualified to operate the Satellites and provide satellite services. Eutelsat and its
subsidiaries (“the Eutelsat Group”) operate a fleet of 31 satellites in 21 orbital positions, located
between 15° West and 172° East, providing coverage of the entire European continent, the
Middle East, North Africa, sub-Saharan Africa and a significant part of the Asian and American
continents. This fleet represents a total of 858 operational transponders in stable orbit. The
Eutelsat Group broadcasts 4,660 television channels. Eutelsat America Corp., a subsidiary of
Eutelsat and the Eutelsat Group’s principal operating company in the United States, sells satellite
capacity of the Eutelsat Group throughout the North American market.3
1
 See Amendment of the Commission’s Space Station Licensing Rules and Policies, First Report and Order, 18 FCC
Rcd 10760, ¶¶ 326-327 (2003) (“Satellite Licensing Streamlining Order”).
2
    47 C.F.R. §25.137(g).
3
  The Commission recently granted (i) a Consent to Assignment from GE International Holdings, Inc. to Eutelsat
America Corp. Grant of Authorization, Consent to Assignment of 1 Station from GE International Holdings Inc. to
Eutelsat America Corp., File No. SAT-ASG-20120626-00105, Call Sign S2610 (effective date: Aug 23, 2012) and
(ii) a Consent to Assignment from Eutelsat America Corp. to ES 172 LLC Grant of Authorization, Consent to
Assignment of 1 Station from Eutelsat America Corp. to ES 172 LLC., File No. SAT-ASG-20121227-00226, Call


                                                                                              FCC Form 312
                                                                                                  Exhibit 1
                                                                                                Page 2 of 5


        The name, address, citizenship, principal business, and ownership percentage of the
significant shareholders of Eutelsat following consummation of the proposed transaction are
provided below. In addition, an organizational chart showing the post-closing ownership of
Eutelsat is attached.

        Eutelsat is a société anonyme organized under the laws of France. Eutelsat is the Eutelsat
Group’s main operating subsidiary. The address of Eutelsat is 70 rue Balard, 75015 Paris,
France.

        95.62% of Eutelsat’s share capital is held by Eutelsat Communications Finance S.A.S., a
société par actions simplifiée organized under the laws of France (“Eutelsat Finance”). The sole
activity of Eutelsat Finance is to hold the share capital of Eutelsat. The address of Eutelsat
Finance is 70 rue Balard, 75015 Paris, France. In addition, the Russian Satellite Communication
Commission (“RSCC”) holds 3.38% of the shares issued by Eutelsat and 0.28% of the shares of
Eutelsat are held by other entities as set out on the ownership chart attached hereto. RSCC and
these other entities have no control over Eutelsat. All shareholdings of Eutelsat (other than the
0.11% of such shares held by Eutelsat’s employees and executives) are a result of the
privatization of Eutelsat, formerly an intergovernmental organization.

        The sole shareholder of Eutelsat Finance is Eutelsat Communications S.A., a société
anonyme organized under the laws of France. The principal role of Eutelsat Communications
S.A. is to hold its indirect equity interest in Eutelsat. The address of Eutelsat Communications
S.A. is 70 rue Balard, 75015 Paris, France.

        25.62% of the share capital of Eutelsat Communications S.A. is held by Bpifrance
participations (the “BPI”), a société anonyme formed in 2008 to enhance equity in France and
help stabilize French companies during the economic crisis. Approximately 51% of the BPI’s
share capital is held by the Caisse des Dépôts et Consignations (the “CDC”) and approximately
49% of its share capital is held directly by the French State. The BPI must present its strategic
plans and annual report to the supervisory commission of the CDC. The BPI’s board of directors
has seven members. Two of the directors are representatives of the CDC, two of the directors
are representatives of the French State and three of the directors are qualified personalities. The
chairman of the BPI’s board of directors is the CDC’s chief executive officer. The chief
executive officer of the BPI is appointed by its board of directors. The address of the BPI is 56
Rue de Lille, 75007 Paris, France.

        The CDC is a financial institution wholly owned by the French State that serves the
general interest and the economic development of France. Approximately 50% of the CDC’s
recurring and non-recurring net profit is paid to the French State. The CDC is managed by a
chief executive officer, who is appointed by the President of the French State. The CDC is



Sign S2610 (effective date: July 11, 2013). Eutelsat America and ES 172 LLC are members of the Eutelsat Group
as wholly owned subsidiaries of Eutelsat.


                                                                                  FCC Form 312
                                                                                      Exhibit 1
                                                                                    Page 3 of 5

supervised by a supervisory commission of 13 members, all of which are appointed by various
sectors of the French government.

         5.01% of the share capital of Eutelsat Communications S.A. is held by Abertis Telecom
S.a.u., a sociedad anónima unipersonal (single stockholder corporation) organized under the
laws of Spain. Abertis Telecom S.a.u. is a direct, wholly owned subsidiary of Abertis
Infraestructuras S.A., a sociedad anónima organized under the laws of Spain and a publicly
traded company. Its significant shareholders and their respective shareholdings are disclosed on
its website: http://www.abertis.com/shareholderstructure/var/lang/en/idm/716. The address of
Abertis Telecom S.a.u. and Abertis Infraestructuras S.A. is Edifico B, Avda del Parc Logistic, 12
– 20, 08040, Barcelona, Spain.

         6.94% of the share capital of Eutelsat Communications S.A. is held by Land Breeze
s.a.r.l. Land Breeze s.a.r.l. is organized under the laws of Luxembourg and is a wholly owned
subsidiary of China Investment Corp. (“CIC”). Two other subsidiaries of CIC organized under
the laws of the People’s Republic of China, Flourish Investment Corporation and Best
Investment Corporation (together with Land Breeze s.a.r.l., the “CIC Entities”), own 0.05% and
0.01% of the shares of Eutelsat Communications S.A., respectively. Information about CIC can
be found on its website: http://www.china-inv.cn/cicen/.

        To the best of Eutelsat Communications S.A.’s knowledge, no other shareholders own,
directly or indirectly, more than 10% of its share capital or voting rights. Eutelsat
Communications S.A. is managed by a board of directors that currently has 8 members (with a
maximum of 12 members), each of whom has a six-year renewable term of office. Currently,
four of the directors are independent and three of the directors are affiliated with the BPI. No
decisions of the board of directors can be taken or be blocked by three directors. Neither the
BPI, nor any of the CIC Entities, nor any foreign government or person controlled by or acting
on behalf of a foreign government has or will have the right or power to appoint any of Eutelsat
Communications S.A.’s principal officers. None of the CIC Entities has the right or power to
appoint any of Eutelsat Communications S.A.’s directors.

       More information about Eutelsat Communications S.A., its shareholders, and its
governance can be found on its website at www.eutelsat.com.

       The following individuals are officers and directors of Eutelsat.

NAME                                       TITLE
Jean-Martin Folz                           Director
Michel de Rosen                            Director, Chairman of the Board and CEO, Eutelsat
                                           Communications
Miriem Bensalah Chaqroun                   Director
Lori Birt                                  Director, Vice Chairman of the Board
Jean-Paul Brillaud                         Director
Bpifrance participations (BPI)             Director
represented by Thomas Devedjian


                                                                                  FCC Form 312
                                                                                      Exhibit 1
                                                                                    Page 4 of 5

Bertrand Mabille                           Director
Ross McInnes                               Director
Elisabetta Oliveri                         Director
Carole Piwnica                             Director
Christian Roisse                           Board Observer, Executive Secretary of the Eutelsat
                                           Intergovernmental Organisation


       The address for the individuals listed above is 70 rue Balard, 75015 Paris, France.

Counsel for Eutelsat is:

       Jeffrey Cunard
       Debevoise & Plimpton LLP
       555 13th Street, N.W., Suite 1100-E
       Washington, D.C. 20004
       Phone: 202-383-8043
       Facsimile: 202-383-8118

Counsel for SatMex is:

       Carlos M. Nalda
       Squire Sanders (US), LLP
       1200 19th Street, NW, Suite 300
       Washington, D.C., 20036
       Phone: 202-626-6659
       Facsimile: 202-626-6780


                                                                                                                                                          FCC Form 312
                                                                                                                                                              Exhibit 1
                                                                                                                                                            Page 5 of 5

                                                                 Ownership of Eutelsat

                                                             Eutelsat Communications S.A.
                                                                        (France)

                                                                          100%


                                                            Eutelsat Communications Finance
                                                                                                                                          Others
                                                                        (France)
                            0.72%                                       95.62%                                                          3.66%

                                                                        Eutelsat S.A.
                                                                          (France)



     50%                50% + 1                      100%                        100%                      100%                 100%               100%

Solaris Mobile Ltd   DSat Cinema SA                  Fransat SA             Eutelsat Madeira            Eutelsat Services      Eutelsat Inc.        Skylogic
     (Ireland)        (Luxembourg)                    (France)               Lda (Madeira)              und Beteiligungen        (U.S.A.)          SpA (Italy)
                                                                                                        GmbH (Germany)
                                                                                                                                 100%                            100%
                                                                                              100%
                                                                                                        Eutelsat visAvision   Eutelsat America               Eutelsat Asia Pte
                     Subsidiary of equity interest                                                       GmbH (Germany)        Corp. (U.S.A.)                 Ltd (Singpore)
     Holding         (less than 100%)
                                                                                              33.69%
                                                                                                            Hispasat SA
    Operating                                                                                                  (Spain)

                     Minority shareholders of Eutelsat S.A.: historical institutional shareholders of
     Others          Eutelsat S.A. (mainly telecoms operators and governments in Central and Eastern
                     Europe or Central Asia), and Eutelsat S.A. employees.



Document Created: 2013-09-26 19:17:40
Document Modified: 2013-09-26 19:17:40

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