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HomeMy WebLinkAbout20221103Notice of Pro Forma change of Control of Mobilitie LLC.pdf Matthew A. Brill Direct Dial: +1.202.637.1095 matthew.brill@lw.com 555 Eleventh Street, N.W., Suite 1000 Washington, D.C. 20004-1304 Tel: +1.202.637.2200 Fax: +1.202.637.2201 www.lw.com FIRM / AFFILIATE OFFICES Austin Milan Beijing Munich Boston New York Brussels Orange County Century City Paris Chicago Riyadh Dubai San Diego Düsseldorf San Francisco Frankfurt Seoul Hamburg Shanghai Hong Kong Silicon Valley Houston Singapore London Tel Aviv Los Angeles Tokyo Madrid Washington, D.C. November 3, 2022 VIA ELECTRONIC FILING Jan Noriyuki, Secretary Idaho Public Utilities Commission P.O Box 83720 Boise, ID 83720-0074 11331 W. Chinden Blvd. Building 8, Suite 201-A Boise, ID 83714 Re: Notice of Pro Forma Change of Control of Mobilitie, LLC – Case No. MOB- T-14-01 Dear Ms. Noriyuki: Mobilitie, LLC (“Mobilitie” or “Licensee”) hereby respectfully notifies the Idaho Public Utilities Commission of the internal restructuring of the BAI Communications Group (“Internal Restructuring”), of which Licensee is a part. The Internal Restructuring was completed on October 12, 2022. The Internal Restructuring involved only changes to intermediate entities, and consequently there has been no change in the direct or ultimate ownership or control of Licensee. Nor will there be any impact on Licensee’s operations. The Internal Restructuring therefore constituted only a pro forma change of control. I. DESCRIPTION OF LICENSEE Licensee Mobilitie is a Nevada limited liability company, which maintains its headquarters at 660 Newport Center Drive, Suite 200, Newport Beach, California 92660. Mobilitie is majority owned and controlled indirectly by Frequency Infrastructure Australia Holdings Pty Ltd (“FIAHPL”), the holding company for the BAI Communications Group. FIAHPL is a proprietary limited liability company incorporated in the State of Victoria, Australia, with its registered office at Level 10, Tower A, 799 Pacific Highway, Chatswood, NSW 2067, Australia. FIAHPL, in turn, is majority owned and controlled by the Canada Pension Plan Investment Board, a Canadian corporation. Through Mobilitie, the BAI Communications Group designs, builds, manages, and maintains wireless and wireline infrastructure solutions in Idaho, including neutral host RECEIVED 2022 November 3, AM 9:29 IDAHO PUBLIC UTILITIES COMMISSION November 3, 2022 Page 2 distributed antenna systems, small cell systems, and Wi-Fi networks. Mobilitie has been granted the requisite authority to operate as a wholesale telecommunications provider in Idaho.1 II. DESCRIPTION OF THE INTERNAL RESTRUCTURING Through the Internal Restructuring, certain intermediate entities’ assets and equity interests between Canada Pension Plan Investment Board (as the ultimate majority owner and controller of the BAI Communications Group) and Licensee were transferred to newly formed entities. The Internal Restructuring involved only changes to intermediate entities—that is, those situated between Licensee’s direct parent and ultimate parents. Consequently, it did not result in any change in the direct or ultimate ownership or control of Licensee. Exhibit A includes pre- and post-Internal Restructuring organizational charts detailing the prior and current ownership structure of Licensee. III. PUBLIC INTEREST CONSIDERATIONS The Internal Restructuring, which the BAI Communications Group undertook to rationalize its international holdings, presents no public interest concerns. The Internal Restructuring involved only changes to intermediate entities, and thus has resulted in no change to, or impact on, Licensee. Moreover, the Internal Restructuring will not result in any discontinuance of service or a change of provider for any customers. Accordingly, the Internal Restructuring has been seamless for Licensee’s customers. In addition, because the Internal Restructuring has not resulted in any reduction in the number of competitors serving any relevant product market, it will not adversely affect competition, and customers continue to have access to the same alternatives that were available prior to the Internal Restructuring. Because the direct and ultimate ownership and control of Licensee remain the same, Licensee’s highly experienced and qualified management, technical, and operational teams will continue to be responsible for its day-to-day operations. For the same reason, the Internal Restructuring has not negatively impacted the capitalization or financial condition of Licensee. IV. DESIGNATED CONTACTS All correspondence and communications with respect to this notice should be addressed or directed as follows: Matthew A. Brill Michael H. Herman Latham & Watkins LLP 555 Eleventh Street, NW Suite 1000 Washington, DC 20004 1 See In the Matter of the Application of Mobilitie, LLC to Register as a Wholesale Telecommunications Provider in Idaho, Case No. MOB-T-14-01, Final Order, Order No. 33176 (Nov. 12, 2014). November 3, 2022 Page 3 Tel: (202) 637-2200 Fax: (202) 637-2201 matthew.brill@lw.com michael.herman@lw.com Please contact the undersigned with any questions regarding this submission. Sincerely, /s/ Matthew A. Brill Matthew A. Brill Counsel for Mobilitie, LLC EXHIBIT A Pre-Internal Restructuring Ownership Chart Canada Pension Plan Investment Board (Canada) Frequency Infrastructure Australia Holdings Pty Ltd (Australia) BAI Communications Holdings Pty Ltd (Australia) BAI Communications US Holdings Corporation (US - New York) BAI Communications US Holdings II LLC (US - Delaware) Mobilitie, LLC (US - Nevada) EXHIBIT A Post-Internal Restructuring Ownership Chart Canada Pension Plan Investment Board (Canada) BAI Global Holdco Ltd (United Kingdom) BAI US HoldCo I LLC (US - Delaware) BAI US HoldCo II LLC (US - Delaware) BAI Communications US Holdings II LLC (US - Delaware) Mobilitie, LLC (US - Nevada)