*Pages 1--2 from Microsoft Word - 43545.doc* PUBLIC NOTICE Federal Communications Commission 445 12 th St., S. W. Washington, D. C. 20554 News Media Information 202 / 418- 0500 Internet: http:// www. fcc. gov TTY: 1- 888- 835- 5322 October 29, 2004 INTERNATIONAL AUTHORIZATIONS GRANTED APPLICATION OF NEW SKIES SATELLITES N. V. (TRANSFEROR) AND NEW SKIES SATELLITES B. V. (TRANSFEREE) TRANSFER CONTROL OF FCC LICENSES AND AUTHORIZATIONS HELD BY NEW SKIES SATELLITES N. V. AND NEW SKIES NETWORKS, INC. AND NOTIFICATION OF CHANGE TO THE PERMITTED SPACE STATION LIST IB Docket No. 04- 247 ERRATUM On October 27, 2004, a Public Notice (DA 04- 3419) was released in this proceeding granting, subject to compliance by New Skies B. V. with the terms of the “New Skies Commitment Letter” to the Executive Branch Agencies, applications to transfer control of non- common carrier fixed satellite service earth station licenses held by New Skies Networks, Inc. (“ New Skies Networks”) from New Skies to NSBV. That Public Notice is corrected as follows: 1. Replace footnote 2 as follows: 2 47 U. S. C. § 310( d). On July 12, 2004, the International Bureau placed the Transfer Application on public notice as acceptable for filing. See New Skies Satellites N. V. (Transferor) and Munaro Holding B. V. (Transferee) Seek Approval to Transfer Control of FCC Licenses and Authorizations Held by New Skies Satellites N. V. and New Skies Networks, Inc., Pleading Cycle Established, IB Docket No. 04- 247, Public Notice, DA 04- 2083 (Int’l Bur. July 12, 2004). On July 19, 2004, Applicants updated the information provided in the Applications. On October 1, 2004, the Applicants filed an amendment notifying the Commission of certain non- substantial changes to the proposed ownership structure of NSBV. See File Nos. SES- T/ C- 20040625- 00886; SAT- PPL-20040625- 00123. 2. Replace the third paragraph as follows: NSBV, the transferee, is a Netherlands private company with limited liability that will be 100 percent indirectly owned by a Luxembourg holding company to be formed prior to closing. Applicants state that ultimate ownership and control of NSBV would be held indirectly by five private equity funds affiliated with Blackstone, a global investment and advisory firm (collectively, the “Blackstone Funds”). Two of these entities, Blackstone NSS Communications Partners (Cayman) L. P., a Cayman Islands limited 1 2 partnership, and Blackstone Capital Partners (Cayman) IV L. P., 8 also a Cayman Islands limited partnership, would hold indirectly an aggregate of approximately 93.5 percent of the equity of the Luxembourg holding company. The three other Blackstone limited partnerships would hold the remaining indirect interests in NSBV: Blackstone Family Communications Partnership (Cayman) L. P., Blackstone Capital Partners (Cayman) IV- A L. P., and Blackstone Family Investment Partnership (Cayman) IV- A L. P. 9 Two Blackstone executives, Peter G. Peterson and Stephen A. Schwarzman, would indirectly control all five of the Blackstone Funds through ownership interests in the general partners of the Blackstone Funds. Most of the equity in the Blackstone Funds will be contributed by over 400 limited partners, including both U. S. and non- U. S. investors. 8 Instead of Blackstone Capital Partners (Cayman) IV L. P. (“ BCP IV”), it is possible the acquiring entity will be Blackstone NSS Capital Partners (Cayman) IV L. P. (“ BCP NSS IV”). In that case, Applicants state that the acquiring entity would have substantially the same terms and conditions as the existing funds, to the maximum extent applicable. The general partner of BCP NSS IV would be the existing general partner of BCP IV. The limited partners of BCP NSS IV would be the same as the limited partners of BCP IV, unless excluded from the investment by the General Partner in order to ensure, among other things, that the investment would be in compliance with laws and regulations. 9 Instead of Blackstone Capital Partners (Cayman) IV- A L. P. (“ BCP IV- A”), it is possible the acquiring entity will be Blackstone NSS Capital Partners (Cayman) IV- A L. P. (“ BCP NSS IV- A”). In that case, Applicants state that the acquiring entity would have substantially the same terms and conditions as the existing funds, to the maximum extent applicable. The general partner of BCP NSS IV- A would be the existing general partner of BCP IV- A. The limited partners of BCP NSS IV- A would be the same as the limited partners of BCP IV- A, unless excluded from the investment by the General Partner in order to ensure, among other things, that the investment would be in compliance with laws and regulations. 2