Attachment Exhibit F

This document pretains to SES-T/C-20100521-00638 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2010052100638_819018

                                                                                   FCC FORM 312
                                                                                      EXHIBIT F
                                                                                      PAGE 1 of 1


                   DESCRIPTION OF PRO FORMA TRANSACTION
                      AND PUBLIC INTEREST STATEMENT

                               Response to Questions 43 and A21

        Inmarsat plc (“Inmarsat”) hereby seeks Commission consent for the transfer of
control of Stratos Communications, Inc. and Stratos Offshore Services Company (each a
“Licensee”), which hold the satellite radio earth station licenses listed in the foregoing
FCC Form 312. Because the Licensee will remain a wholly-owned, indirect subsidiary of
Inmarsat following consummation of the proposed transfer of control, the instant
transaction is pro forma in nature. The Commission previously has stated that “where no
substantial change of control will result from the transfer or assignment, grant of the
application is deemed presumptively in the public interest.”1 Moreover, since approval of
the proposed transfer of control of satellite radio earth station licenses does not raise
competitive concerns, foreign ownership issues, or other matters requiring substantive
review by Commission staff, the applicants respectfully request immediate approval for
the proposed reorganization.

        Each Licensee is a wholly-owned direct subsidiary of Stratos Holdings, Inc. (a
Delaware corporation), which is a wholly-owned direct subsidiary of Stratos Wireless
Inc. (“Stratos Wireless”) (a Canadian corporation). In turn, Stratos Wireless is a wholly-
owned direct subsidiary of Stratos Global Corporation (“Stratos Global”) (also a
Canadian corporation), which is a wholly-owned subsidiary of CIP Canada Investment
Inc. (“CIP Canada”), and indirect subsidiary of Inmarsat. Inmarsat seeks approval to
merge2 (for Canadian taxation purposes) certain of these intermediate, wholly-owned
corporate entities through which it indirectly holds its interests in each Licensee, in a
two-step transaction. In the first step of this transaction (tentatively set to occur on or
immediately before June 30, 2010), Stratos Wireless and Stratos Global will be merged,
with Stratos Wireless emerging as the surviving entity. Immediately thereafter, in the
second step of the transaction, CIP Canada Investment will be merged with Stratos
Wireless, with Stratos Wireless again emerging as the surviving entity. The net effect of
these transactions is that Stratos Global and CIP Canada will be removed from the chain
of ownership between Inmarsat and each Licensee, with each Licensee remaining under
the ultimate ownership and control of Inmarsat.




        1
          Federal Communications Bar Association’s Petition for Forbearance from Section 310(d) of the
Communications Act Regarding Non-Substantial Assignments of Wireless Licenses and Transfers of
Control Involving Telecommunications Carriers, 13 FCC Rcd 6293, 6295 (1998).
        2
         Such mergers of entities formed under the laws of Canada are referred to as “amalgamations”
under Canadian law.



Document Created: 2019-04-21 00:24:58
Document Modified: 2019-04-21 00:24:58

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