Comment Sought on Domestic 214 Transfer of Globecomm-Wasserstein
Federal Communications Commission
News Media Information 202 / 418-0500445 12th St., S.W.
Washington, D.C. 20554
Released: September 26, 2013
DOMESTIC SECTION 214 APPLICATIONS FILED FOR THE TRANSFER OF CONTROL OF
GLOBECOMM SYSTEMS, INC. AND TELAURUS COMMUNICATIONS LLC TO
WASSERSTEIN COSMOS CO-INVEST, L.P.
STREAMLINED PLEADING CYCLE ESTABLISHED
WC Docket No. 13-235
Comments Due: October 10, 2013
Reply Comments Due: October 17, 2013
LLC (Telaurus), and Wasserstein Cosmos Co-Invest, L.P. (Wasserstein Cosmos) (collectively,
Applicants) filed applications pursuant to section 63.03 of the Commission's rules1 to transfer control of
Globecomm and Telaurus to Wasserstein Cosmos.
Globecomm, a Delaware corporation, provides competitive telecommunications services,
including nationwide toll-based termination of voice calls. Globecomm's wholly owned subsidiary,
Telaurus, a Delaware limited liability company, provides a global maritime communications network and
resells pre-paid and post-paid phone cards and voice services for satellite phones.
Wasserstein Cosmos, a Delaware limited partnership, is an investment entity that does not
currently provide telecommunications services. Wasserstein Cosmos will be owned by Wasserstein &
Co., LP, Wasserstein Family Trust LLC, WP III, Lexington Co-Investment Holdings III, L.P., and other
private equity funds that are all U.S. entities and will each hold less than 10 percent of the equity and
voting interests in Wasserstein Cosmos.2 Applicants further state that the affiliates of Wasserstein
Cosmos do not provide domestic telecommunications services.
On August 25, 2013, Globecomm entered into an Agreement and Plan of Merger (the Merger
Agreement) with Wasserstein Cosmos and Cosmos Acquisition Corp., (Cosmos Acquisition) an indirect,
wholly owned subsidiary of Wasserstein Cosmos. Pursuant to the terms of the Merger Agreement,
1 47 C.F.R 63.03; see 47 U.S.C. 214. Applicants also filed applications for transfer of control associated with
authorization for international services, fixed earth stations, and wireless authorizations. Any action on these
domestic section 214 applications is without prejudice to Commission action on other related, pending applications.
2 Lexington Co-Investment Holdings III, L.P. is ultimately held by Brent Nicklas, a U.S. citizen. Wasserstein
Family Trust LLC is controlled by the 2001 Wasserstein Family Trust (New York), which is managed by Ellis B.
Jones, a U.S. citizen. The trust's trustees and beneficiaries are all U.S. citizens. Additional information regarding
the ownership of Wasserstein Cosmos is provided in the application.
Cosmos Acquisition will merge with and into Globecomm. After consummation of the proposed
transaction, Globecomm and Telaurus will be wholly owned by Cosmos Holdings Acquisition, a
Delaware corporation, which in turn will be wholly owned by Wasserstein Cosmos. Applicants assert
that the proposed transaction is entitled to presumptive streamlined treatment under section 63.03(b)(1)(ii)
of the Commission's rules and that a grant of the application will serve the public interest, convenience,
Domestic Section 214 Applications Filed for the Transfer of Control of Globecomm System, Inc.
and Telaurus Communications LLC to Wasserstein Cosmos Co-Invest, L.P.,
WC Docket No. 13-235 (filed Sept. 12, 2013).
GENERAL INFORMATIONThe transfer of control identified herein has been found, upon initial review, to be acceptable for
filing as a streamlined application. The Commission reserves the right to return any transfer application
if, upon further examination, it is determined to be defective and not in conformance with the
Commission's rules and policies. Pursuant to section 63.03(a) of the Commission's rules, 47 CFR
63.03(a), interested parties may file comments on or before October 10, 2013, and reply comments on
or before October 17, 2013. Pursuant to section 63.52 of the Commission's rules, 47 C.F.R. 63.52,
commenters must serve a copy of comments on the Applicants no later than the above comment filing
date. Unless otherwise notified by the Commission, the Applicants may transfer control on the 31st day
after the date of this notice.
Pursuant to section 63.03 of the Commission's rules, 47 CFR 63.03, parties to this proceeding
should file any documents in this proceeding using the Commission's Electronic Comment Filing System
In addition, e-mail one copy of each pleading to each of the following:1) Myrva Charles, Competition Policy Division, Wireline Competition Bureau,
2) Dennis Johnson, Competition Policy Division, Wireline Competition Bureau,
3) David Krech, Policy Division, International Bureau, firstname.lastname@example.org; and
4) Jim Bird, Office of General Counsel, email@example.com.
People with Disabilities: To request materials in accessible formats for people with disabilities
(braille, large print, electronic files, audio format), send an e-mail to firstname.lastname@example.org or call the
Consumer & Governmental Affairs Bureau at (202) 418-0530 (voice), (202) 418-0432 (tty).
The proceeding in this Notice shall be treated as a "permit-but-disclose" proceeding in accordance
with the Commission's ex parte rules. Persons making ex parte presentations must file a copy of any
written presentation or a memorandum summarizing any oral presentation within two business days after
the presentation (unless a different deadline applicable to the Sunshine period applies). Persons making
oral ex parte presentations are reminded that memoranda summarizing the presentation must (1) list all
persons attending or otherwise participating in the meeting at which the ex parte presentation was made,
and (2) summarize all data presented and arguments made during the presentation. If the presentation
consisted in whole or in part of the presentation of data or arguments already reflected in the presenter's
3 47 C.F.R. 63.03(b)(1)(ii).
written comments, memoranda or other filings in the proceeding, the presenter may provide citations to
such data or arguments in his or her prior comments, memoranda, or other filings (specifying the relevant
page and/or paragraph numbers where such data or arguments can be found) in lieu of summarizing them
in the memorandum. Documents shown or given to Commission staff during ex parte meetings are
deemed to be written ex parte presentations and must be filed consistent with rule 1.1206(b), 47 C.F.R.
1.1206(b). Participants in this proceeding should familiarize themselves with the Commission's ex parte
For further information, please contact Myrva Charles at (202) 418-1506 or Dennis Johnson at
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