Attachment Exh. No. 1

This document pretains to SES-T/C-19991006-01633 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC1999100601633_104238

                                                                                    EXHIBIT NO. 1
                                                                                     FCC Form 312
                                                                                           Item 33
                                                                                        Page 1 of 3

                                   Indirect Foreign Ownership

       This notification reports that a transfer of control over Preferred Entertainment, Inc., holder

of Receive-Only Earth Station registration E950278 (Chicago, IL), from People’s Choice TV Corp.

(pre-merger) to People’s Choice TV Corp. (post-merger) (“PCTV”) has been completed as of

September 28, 1999, pursuant to the authority granted by the Commission on September 17, 1999

and September 21, 1999. See Report No. D-111-1 (rel. Sept. 21, 1999).                Pursuant to the

aforementioned Commission authority, PCTV is now a wholly owned subsidiary of Sprint Corporation

("Sprint").1 The following entities directly hold a 10% or greater interest in Sprint:

                       France Telecom
                       212 Rue Raymond Losserand
                       75014 Paris, France
                       Michel Huet, Senior Vice President

                       Deutsche Telekom
                       Postgach 2000, D-53105
                       Friedrich-Loert Allee 140
                       Bonn, Germany
                       Jurgen Bohm, Executive Vice President, International Business


       France Telecom (“FT”) is a corporation organized under the laws of France. FT owns

approximately 10% of the voting equity of Sprint.2 FT is a service provider in France of local, long



        1
                In addition, PCTV has previously notified the Commission of this merger with
respect to other notifications of transfer of control over Receive-Only Earth Station registrations
E960152, E960297 and E960296 (see Report No. SES-00090 (rel. June 30, 1999) granting File
No. SES-T/C-19990519-00929).
        2
              The exact percentage of voting interest is subject to potential fluctuations within a
very narrow range.


                                                                                      EXHIBIT NO. 1
                                                                                       FCC Form 312
                                                                                             Item 33
                                                                                          Page 2 of 3

distance, and international public switched services, and of terrestrial infrastructure for the provision

of telecommunications services to the public. FT offers a range of other telecommunications products

and services, including private line circuits and cellular services.

        Deutsche Telekom (“DT”) is a corporation organized under the laws of Germany. DT owns

approximately 10% of the voting equity of Sprint.3 DT is a service provider in Germany of local, long

distance, and international public switched services. DT also offers, among other telecommunications

products and services, private line circuits and cellular services, and is a provider of terrestrial

infrastructure for the provision of telecommunications services to the public.

        On December 15, 1995, the Commission issued a declaratory ruling finding that foreign

ownership of Sprint up to 28% is not inconsistent with Section 310 of the Act.4 Further, on

September 18, 1996, the Commission ruled that an increase of foreign ownership in Sprint of up to

35% is consistent with the public interest under Section 310(b)(4) of the Act because additional

foreign equity contributions will enhance Sprint’s ability to expand and improve its network services

and products to the benefit of U.S. consumers.5 Current indirect foreign ownership interests in Sprint


         3
               The exact percentage of voting interest is subject to potential fluctuations within a
 very narrow range.
         4
                Sprint Corporation Petition for Declaratory Ruling Concerning Section 310(b)(4)
 and (d) and the Public Interest Requirements of the Communications Act of 1934, as amended,
 Declaratory Ruling and Order, 11 FCC Rcd. 1850 (1996).
         5
                Sprint Corporation Petition for Declaratory Ruling Concerning Section 310(b)(4)
 and (d) and the Public Interest Requirements of the Communications Act of 1934, as amended,
 Declaratory Ruling and Order, 11 FCC Rcd. 11354 (1996).


                                                                                   EXHIBIT NO. 1
                                                                                    FCC Form 312
                                                                                          Item 33
                                                                                       Page 3 of 3

are consistent with those decisions and therefore with Section 310(b)(4).

       To the best of Sprint’s knowledge, no other individual or entity holds a 5% or greater interest

in Sprint Corporation. To the best of Sprint’s knowledge, no officer, director, or key management

personnel of Sprint holds 5% or more of the stock, warrants, options, or debt securities of another

FCC-regulated business.



Document Created: 2019-06-13 18:30:37
Document Modified: 2019-06-13 18:30:37

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