This page provides information on the applications filed by New Operating Globalstar LLC (“NGLLC”), Globalstar LP, Debtor-in-Possession (“GLP”), and its affiliate, L/Q Licensee, Inc. (“LQL”) on December 19, 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 GLP and LQL to NGLLC. NGLLC will be majority-owned by Thermo Satellite LP (“TSLP”), which, in turn, is nearly wholly owned by Jay Monroe. The general partner of TSLP is an affiliate of Thermo Capital Partners LLC.
Interested parties may file comments or petitions to deny on or before February 9, 2004. Oppositions or responses may be filed no later than February 19, 2004. All filings concerning any or all matters in this proceeding should refer to IB Docket No. 04-4.
Timeline
Day 60 - March 8, 2004
Below is a list of record documents in reverse chronological order.
3/8/04
International Authorizations Granted.
[ 1 | 2 | 3 | 4 | 5 ]
2/26/04
Filings submitted by the DOJ and FBI.
2/19/04
Comments of Ron Bible.
[ 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 ]
2/13/04
Joint reply submitted by New Operating Globalstar LLC, Globalstar, LP, LQ Licensee, Inc., and Thermo Capital Partners, LLC.
2/10/04
Comments of Ron Bible: 1 | 2
2/9/04
Comments of Iridium Satellite, LLC.
1/9/04
New Operating Globalstar LLC Seeks Consent to Assignment and Transfer of Control of Licenses and Authorizations Held by Globalstar, L.P. Subsidiaries and Affiliate
Word | Acrobat
On December 19, 2003, New Operating Globalstar LLC (“NGLLC”), Globalstar, L.P., Debtor-in-Possession (“GLP”), and its affiliate, L/Q Licensee, Inc. (“LQL”) (collectively, the “Applicants”) filed 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 licenses and authorizations relating to the operation of the Globalstar mobile satellite service (“MSS”) system, from GLP and LQL to NGLLC. NGLLC will be majority-owned by Thermo Satellite LP (“TSLP”), which, in turn, is nearly wholly owned by Jay Monroe. The general partner of TSLP is an affiliate of Thermo Capital Partners LLC.
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 also filed an amendment to a pending application of GLP for a space station license in the V-band to reflect the substitution of NGLLC 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. Finally, the Applicants filed an amendment to a pending application of GLP for a transmit/receive earth station in Clifton, Texas, for operational testing of the Globalstar nongeostationary satellite constellation.
GLP operates the international MSS business for the Globalstar system and owns directly or through subsidiaries most of the facilities used in the business. GLP and three wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on February 15, 2002. On November 20, 2003, the U.S. Bankruptcy Court in Delaware (“Bankruptcy Court”) approved an investment transaction pursuant to which GLP’s assets will be transferred to NGLLC, which is a newly formed Delaware limited liability company established to acquire GLP’s assets and facilitate the emergence of the Globalstar system from bankruptcy.
Under the proposed transaction, TSLP, a Colorado limited partnership, will ultimately own 81.25 percent of the membership interests in NGLLC. Initially, GLP will own the remaining 18.75 percent of the membership interests. GLP’s ownership interests in NGLLC will eventually be distributed to GLP’s creditors in accordance with the final bankruptcy plan for GLP approved by the Bankruptcy Court. GLP’s creditors will also receive rights to acquire up to an additional 17.62 percent interest in NGLLC for $12 million.
The Applicants state that the proposed transaction will offer substantial public benefits without creating any countervailing harms, and will not harm competition in any relevant market.
Clock History
Day 1 was on: 1/9/04
This information was last updated on: 3/8/04
| Clock Stopped |
Clock
Restarted |
Days
Stopped |
Reason for Stop |
| Day |
Date |
| 60 |
3/8/04 |
|
|
3/8/04
International Authorizations Granted.
[ 1 | 2 | 3 | 4 | 5 ]
|
