New Globalstar Corporation - ICO Global Communications

This page provides information on the five applications filed by New Globalstar Corporation (“New Globalstar”) on May 27, 2003, pursuant to sections 214 and 310(d) of the Communications Act of 1934, as amended (the “Act”), seeking Commission approval of the proposed assignment or transfer of control of certain Commission authorizations relating to the operation of the Globalstar mobile satellite service (“MSS”) system, from Globalstar, L.P. (“GLP”) or its affiliate, L/Q Licensee, Inc. (“LQL”), to New Globalstar (together with GLP and LQL, the “Applicants”), which will be majority-owned and controlled by ICO Global Communications (Holdings) Limited (“ICO”).

This page contains an indexed unofficial listing of and electronic links to most materials in this docket. Copies of the applications and any subsequently-filed documents in this matter may be obtained through the Commission's Electronic Comment Filing System. To request materials in accessible formats for people with disabilities (Braille, large print, electronic files, audio format), send an e-mail to fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202-418-0530.

Timeline

Record Documents

1/7/04
ICO-Globalstar applications have been withdrawn.
Related Public Notices: [ 1 | 2 | 3 ]

12/19/03
Letter withdrawing application filed by New Globalstar Corporation, Globalstar, L.P., and L/Q Licensee, Inc.

12/1/03
Letter Stopping the Clock at Day 173, from James L. Ball, Chief, Policy Division, to New Globalstar Corporation and Globalstar, L.P.

7/25/03
Comment of Ron Bible

7/24/03
Reply Comments of Applicants

7/22/03
Comment of Warren Miller

7/16/03
Comment of Raymond Zanin

7/16/03
Comment of Steve Smith

7/15/03
Comment of Charles Howard

7/14/03
FBI Petition to Defer

Below is a list of record documents in reverse chronological order.

7/14/03
Comment, filed on behalf of Robert R. Higginbottom. New GlobalStar Corporation Seeks Consent to Assignment and Transfer of Control of Authorizations Held by GlobalStar, L.P. Subsidiaries and Affiliate.

7/14/03
Comment, filed on behalf of the Official Creditors' Committee of GlobalStar L.P. The Official Creditors' Committee of GlobaStar, L.P. hereby submits these comments in support of the New GlobalStar Corporation applications seeking the consent of the Federal Communications Commission for the assignment and transfer of control of the licenses and authorizations held by Globalstar and its affiliates to New GlobalStar pursuant to Sections 214(a) and 310(d) of the communications Act of 1934, as amended.

7/14/03
Comment, file on behalf of the Official Creditors' Committee of GlobalStar L.P.

Public Notices

6/12/03
New Globalstar Corporation Seeks Consent to Assignment and Transfer of Control of Licenses and Authorizations Held by Globalstar, L.P. Subsidiaries and Affiliate Word | Acrobat

Applications

• 1 | 2 | 3 | 4 | 5 | 6

Background

On May 27, 2003, New Globalstar Corporation (“New Globalstar”) filed five applications pursuant to sections 214 and 310(d) of the Communications Act of 1934, as amended (the “Act”), seeking Commission approval of the proposed assignment or transfer of control of certain Commission authorizations relating to the operation of the Globalstar mobile satellite service (“MSS”) system, from Globalstar, L.P. (“GLP”) or its affiliate, L/Q Licensee, Inc. (“LQL”), to New Globalstar (together with GLP and LQL, the “Applicants”), which will be majority-owned and controlled by ICO Global Communications (Holdings) Limited (“ICO”). The authorizations to be assigned or transferred include a non-common carrier space station license to operate an MSS system, eight non-common carrier earth station licenses, a common carrier blanket license for mobile earth terminals (“METs”), and three international Section 214 authorizations, all of which are held by GLP’s subsidiaries or its affiliate, LQL. The Applicants request that the Commission grant the five applications on an expedited basis in order to maintain adequate funding for the continued operation of the Globalstar system and to facilitate the emergence of the system from bankruptcy. The Applicants also filed an amendment to a pending application of GLP for a space station license in the V-band to reflect the substitution of New Globalstar for GLP as the applicant, and request an exemption from Section 25.116(c) of the Commission rules in order to preserve the filing status of this pending application following consummation of the proposed transaction.

GLP and three wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on February 15, 2002. Under the proposed transaction, ICO, a Delaware corporation, will own 54 percent of the equity interests and 80 percent of the voting interests in New Globalstar. GLP initially will own the remaining 46 percent of the equity interests and 20 percent of the voting interests in New Globalstar. GLP’s ownership interests in New Globalstar ultimately will be distributed to the GLP creditors in proportion to the value of their allowed claims against the estate.

The application for transfer of control of the common carrier blanket MET license held by Globalstar USA, LLC includes a request for declaratory ruling, pursuant to Section 310(b)(4) of the Act, that it will not serve the public interest to prohibit foreign investments in New Globalstar, the transferee, in excess of the statutory 25 percent foreign ownership benchmark. Such foreign investments would include foreign ownership interests held through ICO and GLP, as well as by foreign GLP creditors who will receive their ownership interests from GLP in proportion to the value of their allowed claims against the estate. The Applicants assert that, at the end of the first and second stage of the proposed transaction, foreign investors will hold more than 25 percent of the equity and voting interests in New Globalstar. The Applicants also state that the majority of those interests will be held by foreign investors with home markets in the United States or WTO Member countries. Foreign investors from non-WTO Member countries will own less than 25 percent of the equity and voting interests in New Globalstar at the end of the second stage of the proposed transaction, according to the Applicants.

Clock History

Day 1 was on: 6/12/03
This information was last updated on: 12/2/03