Attachment Exhibits E and F

This document pretains to SES-T/C-INTR2013-02778 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTCINTR201302778_1029685

                                                          HBO Latin America Production Services, L.C.
                                                                                    FRN 0005007869
                                                                                   December 5, 2013
                                                                                     FCC Form 312

         DESCRIPTION OF TRANSACTION AND PUBLIC INTEREST STATEMENT

This application seeks FCC approval for a pro forma transfer of control of HBO Latin America
Production Services, L.C. (“HBO Latin America”). Control of HBO Latin America is effectively shared
between Time Warner Inc. (“TWI”) (and its subsidiaries) and Ole Communications Group (U.S.) L.L.C.
(“Ole”) (and Ole’s subsidiaries, and Ole’s sole owner Enrique Nicolas Cusco). The complete ownership
structure of HBO Latin America is shown in the attached organizational diagram. In an internal
reorganization of TWI’s ownership of HBO Latin America, Home Box Office, Inc. (“HBO”) will be
added to the TWI ownership chain of HBO Latin America. This change in control is pro forma because
at all times HBO will remain a wholly-owned and controlled subsidiary of TWI, and, with the addition
of HBO to HBO Latin America’s ownership chain, HBO Latin America will otherwise have the same
ownership, assets, and liabilities as it does today.1 The pro forma change in TWI’s indirect ownership
of HBO Latin America contemplated herein does not alter Ole’s ownership or shared control of HBO
Latin America. The complete circumstances of this TWI internal reorganization are briefly set forth
below.

As shown in the attached organizational diagram, on or after December 31, 2013, Warner
Communications Inc. will transfer its 100 percent ownership of HBO Latin America Holdings LLC to
HBO. As a result, HBO will become an indirect owner of HBO Latin America. Grant of this
application will serve the public interest because it will enable TWI to realign its ownership of HBO
Latin America.

This pro forma transfer of control application is the first of two pro forma transfer of control
applications that are being filed contemporaneously for HBO Latin America. The change contemplated
in this application will occur prior to the change contemplated in the second application.




1
        See In re FCBA’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, ¶ 8 (1998) (pro forma transactions include those
involving a “corporate reorganization which involves no substantial change in the beneficial ownership
of the corporation”).


                                                       HBO Latin America Production Services, L.C.
                                                                                 FRN 0005007869
                                                                                December 5, 2013
                                                                                  FCC Form 312

                           POST-TRANSACTION OWNERS
                 OF HBO LATIN AMERICA PRODUCTION SERVICES, L.C.
Ole Premium Channels LLC
Address: 2525 Ponce de Leon Blvd, Suite 250, Coral Gables, FL 33134
Citizenship: U.S.
Primary Business: Holding Company

Ole Communications, Inc.
Address: 2525 Ponce de Leon Blvd, Suite 250, Coral Gables, FL 33134
Citizenship: U.S.
Primary Business: Holding Company

Ole Communications Group (US) LLC
Address: 2525 Ponce de Leon Blvd, Suite 250, Coral Gables, FL 33134
Citizenship: U.S.
Primary Business: Holding Company

Enrique Nicolas Cusco
Address: c/o 2525 Ponce de Leon Blvd, Suite 250, Coral Gables, FL 33134
Citizenship: U.S.
Primary Business: Investor

HBO Latin America Holdings LLC
Address: c/o Home Box Office, 1100 Avenue of the Americas, New York, NY 10036
Citizenship: U.S.
Primary Business: Holding Company

HBO Latin America Acquisitions, LLC
Address: c/o Home Box Office, 1100 Avenue of the Americas, New York, NY 10036
Citizenship: U.S.
Primary Business: Holding Company

Home Box Office, Inc.
Address: 1100 Avenue of the Americas, New York, NY 10036
Citizenship: U.S.
Primary Business: Media

Warner Communications Inc.
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Holding Company




                                              -2-


                                                          HBO Latin America Production Services, L.C.
                                                                                    FRN 0005007869
                                                                                   December 5, 2013
                                                                                     FCC Form 312
Historic TW Inc.
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Holding Company

Time Warner Inc.
Address: One Time Warner Center, New York, NY 10019
Citizenship: U.S.
Primary Business: Media

No entity or individual owns ten percent or more of the equity of Time Warner Inc.




                                                 -3-


                                                Pre-Transaction Structure



                                       Time Warner
                                           Inc.
                                          (U.S.)



                                  83.26%



                                   Historic TW Inc.
                                        (U.S.)


6.51%
                      100%                            100%                  10.23%
                                                                                           Enrique Nicolas Cusco
                                                                                                   (U.S.)
                 Turner Broadcasting             Warner
                    System, Inc.             Communications Inc.
                        (U.S.)                    (U.S.)                                       100%


                                                                                     Ole Communications Group (US) LLC
                                                                                                  (U.S.)

                  100%                                     100%
                                                                                                         100%

                                            HBO Latin America Holdings
        Home Box Office, Inc.                                                                          Ole Communications, Inc.
                                                       LLC                              99%
              (U.S.)                                                                                           (U.S.)
                                                      (U.S.)


                                             100%                                                                     1%


                                            HBO Latin America                             Ole Premium Channels LLC
                                             Acquisitions, LLC                                      (U.S.)
                                                  (U.S.)



                                             8.2%                     80%                                  11.8%



                                                         HBO Latin America Production Services, L.C.
                                                                           (U.S.)


                                Post-Transaction Structure




                              Time Warner
                                  Inc.
                                 (U.S.)



                      83.26%




                          Historic TW Inc.
                               (U.S.)


6.51%                                                                10.23%
               100%
                                               100%



        Turner Broadcasting             Warner
           System, Inc.             Communications Inc.
                                                                              Enrique Nicolas Cusco
               (U.S.)                    (U.S.)
                                                                                      (U.S.)



                                     100%                                       100%



                                  Home Box Office, Inc.               Ole Communications Group (US) LLC
                                        (U.S.)                                     (U.S.)


                                   100%                                                  100%

                               HBO Latin America Holdings
                                                                                       Ole Communications, Inc.
                                          LLC                           99%                    (U.S.)
                                         (U.S.)


                                  100%                                                                1%


                                 HBO Latin America                         Ole Premium Channels LLC
                                  Acquisitions, LLC                                  (U.S.)
                                       (U.S.)



                                  8.2%                       80%                           11.8%



                                               HBO Latin America Production Services, L.C.
                                                                 (U.S.)



Document Created: 2013-12-05 17:46:31
Document Modified: 2013-12-05 17:46:31

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