FCC reaffirmed its decision to apply one-step financial standard for...
FCC reaffirmed its decision to apply one-step financial standard for all international and domestic U.S.-licensed satellite systems after operators of international separate satellites petitioned Commission to reconsider its decision made in DISCO I(Domestic International Satellite Consolidation Order) proceeding. Four…
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companies -- Columbia, Comsat, Orion and PanAmSat -- filed objections in response to decision in which Commission said that treating all satellite systems alike would best serve public interest. FCC did grant portions of petition for partial reconsideration of DISCO I seeking greater flexibility in obtaining waiver of one-step financial qualifications requirement. One-step financial showing requires applicants to provide evidence that they have adequate funding to cover cost of constructing, launching and operating proposed systems for one year, ensuring that applicants without financing don’t tie up orbital locations while they seek funding.