Attachment Exhibit F

This document pretains to SES-T/C-20170519-00572 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2017051900572_1216150

Infosat Able Holdings, Inc.                                                                 Exhibit F
FCC Form 312                                                                               Page 1 of 3



                                 Pro Forma Transfer of Control

       This application (“Application”) seeks Commission consent to a pro forma
transfer of control of Infosat Able Holdings (“Infosat”), holder of the earth station
licenses that are identified in the Application, from Telesat Holdings Inc. (“Telesat
Holdings”) to Telesat Canada (“Telesat”). The pro forma transfer of control is the result
of a corporate restructuring. As described below, because of an oversight, prior FCC
consent for this transaction, which took place January 1, 2017, was not obtained.1 For the
reasons set forth below, waiver of the prior consent requirements of Section 25.119(a) of
the Commission’s rules is hereby requested.

        I.      The Corporate Restructuring

       Infosat is a wholly owned subsidiary of Telesat Satellite Holdings Corporation,
which is a wholly owned subsidiary of Telesat Canada (“Telesat”). Prior to the
corporate restructuring, Telesat had two holding companies above it in its corporate
structure. Telesat was a wholly owned subsidiary of Telesat Interco Inc. (“Telesat
Interco”), which, in turn, was a wholly owned subsidiary of Telesat Holdings.

       As a result of the corporate restructuring, the former shareholders of Telesat
Holdings became direct shareholders of Telesat, having the same interests and the same
voting rights as they had held previously in Telesat Holdings.2 The transfer of control,
therefore, was entirely pro forma; there was no change in ultimate control. As before,
Infosat is a wholly owned subsidiary of Telesat Satellite Holdings Corporation, which
remains a wholly owned subsidiary of Telesat.

        II.     Oversight Relating to the Need for Prior Consent; Remedial Action

       Telesat takes seriously its regulatory obligations and is well aware of the need to
obtain the Commission’s consent prior to a transfer of control. Unfortunately, in the
present instance, this requirement was overlooked.




1 Because Telesat Holdings no longer exists, the “Transferor” portion of the Application has been
“signed” by an officer of Telesat, which is the successor in interest to Telesat Holdings.
2 This restructuring was accomplished by merging Telesat Holdings and Telesat Interco into a new entity

that was merged with Telesat.


Infosat Able Holdings, Inc.                                                                       Exhibit F
FCC Form 312                                                                                     Page 2 of 3



       This error was discovered in the course of preparing an ownership exhibit for an
application Telesat filed with the Commission this month and brought to the attention
of the Commission’s staff, who advised filing this Application.

       Telesat regrets its error and is taking remedial measures to ensure compliance in
the future. Telesat will provide a memorandum summarizing the FCC’s prior consent
requirements for transfers of control and assignments of license to its corporate officers
and senior management with responsibility for these matters and require each of them
to sign a form acknowledging they have received the memorandum and have read and
understand it.

        III.     Public Interest Considerations

        The Commission has exercised its authority to forbear from requiring its prior
consent for pro forma transfers of control of common carrier space station and earth
station licensees.3 Because it concluded it lacks statutory authority to forbear as well in
the case of non-common carrier licensees, the Commission instead provided that
applications for pro forma transfer or assignment of non-common carrier space station
and earth station licenses will be deemed granted one business day after filing.4 The
Commission took this action based upon its determination that “pro forma transfer
applications do not raise public interest concerns.”5 The Commission recognized that
for pro forma transfers, “the ultimate control of the licensee—which has already been
subject to Commission review and approval—does not change as a result of the
transaction.”6

      That analysis applies to Telesat’s pro forma corporate restructuring. Accordingly,
while Telesat takes full responsibility for not obtaining prior consent, Telesat asks the
Commission to take into consideration its prior finding that transactions such as these
“do not raise public interest concerns.”

       Telesat further notes that both it and its subsidiaries have a strong record of
regulatory compliance. In this instance, once the oversight was recognized, the matter
was promptly brought to the Commission’s attention by Telesat, which then proceeded

3  See Comprehensive Review of Licensing and Operating Rules for Satellite Services, Second Report and Order,
30 FCC Rcd 14713 ¶ 304 (2015)(“Second Report and Order”).
4 Id. at ¶ 305; see 47 C.F.R. § 25.119(i).

5 Second Report and Order, at ¶ 305.

6 Id. at ¶ 302.


Infosat Able Holdings, Inc.                                                         Exhibit F
FCC Form 312                                                                       Page 3 of 3



to prepare and file the instant Application. Telesat also has instituted remedial
measures.

        Finally, pursuant to Section 25.119(i) of the Commission’s rules, Telesat hereby
certifies that the transfer of control that is the subject of this Application is pro forma and
that, together with all previous pro forma transactions, would not result in a change in
the actual controlling party of the Commission licensee.

      For the reasons stated above, Telesat respectfully requests that its Application be
granted.



Document Created: 2017-05-09 11:43:36
Document Modified: 2017-05-09 11:43:36

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