Attachment pro forma SCL notifi SCL-T/C-20120607-00006

Attachment pro forma SCL notifi

This document pretains to SCL-T/C-20120607-00006 for Transfer of Control on a Submarine Cable Landing filing.

IBFS_SCLTC2012060700006_954051

Attachment 1
Page 1 of 1

Notification of Pro Forma Transfer of Control

Pacific Telecom Inc. (“PTI”) is the 100% direct parent of The Micronesian
Telecommunications Corporation, which in turn is the 100% parent of PTI Pacifica Inc., the
holder of a submarine cable landing license (File Nos. SCL-92-003, SCL-T/C-20030418-00008)
connecting the islands of the Commonwealth of the Northern Mariana Islands (“CNMI”), a U.S.
territory, to Guam, another U.S. territory. 1 Pursuant to Sections 1.767(g)(7) of the
Commission’s Rules, PTI hereby notifies the FCC of a pro forma transfer of control of the
licensee that took place on May 15, 2012.

The majority (67%) owner of PTI is Prospector Investments Ltd., a Cayman Islands
corporation (“Prospector Cayman”) that is owned 56% by Ricardo C. Delgado, a citizen of the
Philippines, and 44% by Jose Ricardo Delgado, also a citizen of the Philippines. The pro forma
transaction inserted a new U.S. holding corporation, Prospector Pacific Investments Inc.
(domiciled in CNMI), in the chain of ownership between Prospector Cayman and PTI. As the
new entity in the ownership chain is wholly-owned by Prospector Cayman, the insertion of the
new entity results in a transfer of control that is pro forma only. See attached diagrams of the
current and proposed ownership structure.

With the completion of the pro forma transaction, PTI is owned 67% by CNMI
corporation Prospector Pacific Investments Inc., 28% by Sumitomo Corporation (a Japanese
corporation), and 5% by Sumitomo Corporation of America (a U.S. corporation that is owned
100% by Sumitomo Corporation). 2 Pursuant to Sections 1.767(g)(7) of the Commission’s Rules,
licensee certifies that this transaction, together with all previous pro forma transactions, does not
result in a change of the licensee’s ultimate control.

1
Notice to
the Commission that the submarine cable landing licensee changed its name to PTI
Pacifica Inc. was provided via letter dated August 25, 2006, a copy of which is enclosed.
2
Please note that PTI has received foreign ownership approvals from the FCC under Section
310(b)(4) for common carrier wireless licenses several times. PTI initially received foreign
ownership approval in 2003. See Bell Atlantic New Zealand Holdings, Inc., Transferor and
Pacific Telecom Inc., Transferee, Applications for Consent to Transfer Control of a Submarine
Cable Landing License, International and Domestic Section 214 Authorizations, a Cellular
Radiotelephone License, Common Carrier and Non-Common Carrier Satellite Earth Station
Licenses, and a Petition for Declaratory Ruling Pursuant to Section 310(b)(4) of the
Communications Act, 18 FCC Rcd 23140 (2003). Most recently PTI received foreign ownership
approvals in 2009 (see IT&E Overseas, Inc. Transferee, and PTI Pacifica Transferee,
Memorandum Opinion and Order and Declaratory Ruling, 24 FCC Rcd 5466 (2009)) and in
2010 (IBFS File No. ISP-PDR-20100720-00015; see International Authorizations Granted, DA
10-2281, December 2, 2010). The pro forma transfer that is the subject of this notification is
consistent with these prior authorizations.

Document Created: 2012-06-07 11:27:19
Document Modified: 2012-06-07 11:27:19

© 2024 FCC.report
This site is not affiliated with or endorsed by the FCC