Attachment Response to Q.34

This document pretains to SES-MOD-20160712-00651 for Modification on a Satellite Earth Station filing.

IBFS_SESMOD2016071200651_1142988

Response to Question 34 – Foreign Ownership Nextel Communications of the Mid-Atlantic, Inc. is a wholly owned subsidiary of Sprint Corporation (collectively, “Sprint”). In 2013, the Federal Communications Commission (“FCC” or “Commission”) issued a declaratory ruling concluding that it was in the public interest for the foreign ownership of Sprint Corporation’s subsidiaries holding FCC licenses and authorizations to exceed the 25% foreign ownership benchmark in 47 U.S.C. § 310(b)(4). In addition, the Commission granted authorization for SoftBank Group Corp. (“SoftBank”) and its shareholders to indirectly own up to 100% of Sprint.1 On April 11, 2016, Sprint Corporation filed a Petition for Declaratory Ruling pursuant to the rules adopted by the Commission in 2013.2 That petition was granted by the Commission effective June 30, 2016.3 As stated therein, following are the indirect ownership interests in Sprint that are held by foreign individuals or entities.4 (1) Name: SoftBank Group Corp. Interest Held: 83.4% indirect equity and voting interests in Sprint (held through intervening entities that are organized in the United States) Place of Organization: Japan (2) Name: Masayoshi Son Interest Held: 19.3% indirect equity and voting interests in Sprint through SoftBank Group Corp. Citizenship: Japan 1 This declaratory ruling was issued in connection with the broader Sprint/SoftBank transaction. Applications of SOFTBANK CORP., Starburst II, Inc., Sprint Nextel Corporation, and Clearwire Corporation for Consent to Transfer Control of Licenses and Authorizations; Petitions for Reconsideration of Applications of Clearwire Corporation for Pro Forma Transfer of Control, Memorandum Opinion and Order, Declaratory Ruling, and Order on Reconsideration, 28 FCC Rcd 9642, ¶ 124 (2013) (“Sprint/SoftBank Order”). 2 Review of Foreign Ownership Policies for Common Carrier and Aeronautical Radio Licensees Under Section 310(b)(4) of the Communications Act of 1934, as Amended, Second Report and Order, 28 FCC Rcd 05741 (2013) (“Second Report and Order”); 47 C.F.R. § 1.994. The rules adopted by the Second Report and Order became effective after the Commission issued the Sprint/SoftBank Order. 3 Sprint Corporation, on behalf of all licensee subsidiaries thereof, Petition for Declaratory Ruling Under Section 310(b)(4) of the Communications Act, as Amended, Petition for Declaratory Ruling, IBFS File No. ISP-PDR-20160411-00006 (filed April 11, 2016; granted by FCC effective June 30, 2016). 4 The percentages included here reflect actual interests without application of the Commission’s attribution rules. See 47 C.F.R. § 63.18 note to paragraph (h).

Additionally, in an unrelated proposed corporate reorganization,5 Sprint Corporation recently received the necessary approvals for a pro forma transaction whereby the following entity will be inserted into the vertical ownership chain above it: Name: SoftBank International GK (formerly named BM Holdings GK) Interest to Be Held (subject to FCC approval and completion of proposed reorganization): 60.5% indirect equity and voting interests in Sprint (to be held through intervening entities that are organized in the United States) Place of Organization: Japan 5 See Application for Pro Forma Transfer of Control, IBFS File Nos. SES-T/C-20160412- 00345 (filed April 11, 2016; supplemented April 21, 2016 & June 29, 2016; granted effective July 7, 2016); ULS File No. 0007218706 (filed April 11, 2016; consented to effective May 4, 2016); see also FCC Form 602, Proposed Ownership Disclosure Report of Sprint Corporation, ULS File No. 0007239063 (filed April 21, 2016). 2


Document Created: 2016-07-12 14:55:13
Document Modified: 2016-07-12 14:55:13
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