FOR IMMEDIATE RELEASE NEWS MEDIA CONTACT: November 17, 1999 Mike Balmoris at (202) 418-0253 Email: mbalmori@fcc.gov COMMON CARRIER ACTION FEDERAL COMMUNICATIONS COMMISSION APPROVES TRANSFER OF NORTH AMERICAN NUMBERING PLAN ADMINISTRATION FUNCTION TO NEUSTAR Washington, D.C. Today, the Federal Communications Commission (FCC) released an Order approving the proposed transfer of the North American Numbering Plan (NANP) administrative functions from Lockheed Martin IMS Corporation (Lockheed) to NeuStar, Inc. (NeuStar). Lockheed's Communications Industry Services (CIS) business unit currently serves as the North American Numbering Plan Administrator (NANPA). NeuStar is an affiliate of Warburg, Pincus & Co. (Warburg), a registered investment company with numerous telecommunications interests. In the Order, the FCC concludes that Lockheed currently is in violation of the FCC's neutrality requirements because it is a telecommunications service provider, but that it may, subject to the FCC's approval, cure its violation by transferring the NANPA functions to an entity that meets the neutrality requirements. The FCC also concludes that NeuStar, as currently structured, is in compliance with the neutrality requirements. Thus, NeuStar may assume the NANPA administrative functions, subject to the terms and conditions enumerated in the Order, for the remainder of the current appointment term, which will expire in November of 2002. NeuStar will be controlled by a voting trust, which will, in most instances, control the voting rights for Warburg's majority (54%) interest in the trust. NeuStar's five- member Board of Directors will be comprised of two Warburg employees, the CEO of NeuStar, and two unaffiliated directors. To ensure NeuStar's neutrality despite its affiliation with Warburg, the FCC has imposed certain conditions and safeguards. First, NeuStar will be required to comply with its proposed Code of Conduct, which seeks to ensure that NeuStar administers the NANP in a competitively neutral manner. Second, additional safeguards are imposed to provide for FCC oversight of the quarterly neutrality audits which NeuStar will undergo. Finally, NeuStar will be required to maintain its present organizational structure throughout its term as the NANPA. -- more -- Action by the Commission, November 12, 1999, by Order in CC Docket No. 92-237 (FCC 99-346). Chairman Kennard and Commissioners Ness, Powell and Tristani; Commission Furchtgott-Roth dissenting and issuing a statement. Report No. 99-53 -FCC- Common Carrier contact: Tejal Mehta at (202) 418-7397 TTY: (202) 418-2555 News about the Federal Communications Commission can also be found on the Commission's web site www.fcc.gov.