The following chart is a summary of the organizational structure
of our company as of December 31, 2006. For various historical, operational
and regulatory reasons, we have many subsidiaries through which
we hold our assets and conduct our operations. This chart only lists
our primary subsidiaries. Many of these subsidiaries were formed
in connection with the development of the MSS/ATC System. Unless
otherwise indicated, each entity is wholly-owned by its parent entity.
*ICO North America has outstanding 7.5% notes.
If all of the 7.5% notes are converted, the Company's equity interest
in ICO North America would be decreased to approximately 56%.
ICO Global Communications (Operations) Limited
is permitted to operate a MEO satellite system globally under regulations
in the United Kingdom and by the ITU. Our operations outside of
North America are primarily conducted by this subsidiary and its
subsidiaries.
ICO North America, Inc. was formed to develop
the MSS/ATC System, and all of our operations in North America are
conducted by this subsidiary and its subsidiaries. ICO North America
is funding the MSS/ATC System, in part, through the issuance of the 7.5%
notes.
ICO Satellite North America Limited was formed
to hold the U.K. regulatory instruments for our ICO North America GEO satellite system.
ICO Satellite Services Limited and ICO
Services Limited are the subsidiaries through which these
subsidiaries hold a 100% interest in ICO Satellite Services G.P.
ICO Satellite Services G.P. was assigned 8 MHz
of 2 GHz spectrum by the FCC for the provision of MSS in the United
States. The FCC granted ICO Satellite Services G.P.'s request in May 2005
to modify its reservation of spectrum for the provision of MSS in
the United States using a GEO satellite system rather than a MEO
satellite system. ICO Satellite Services G.P. transferred the FCC authorization
to New ICO Satellite Services G.P. in December 2005. ICO Satellite
Services G.P. is also the assignee of the contract between ICO Satellite
Management LLC and Loral for construction of a GEO satellite and
the ground-based beam forming equipment for use in the MSS/ATC System.
In March 2006, ICO Satellite Services G.P. entered into an agreement
with LMCLS to provide
launch services on an Atlas V launch vehicle. ICO Satellite Services G.P., also
holds the contract for the construction and operation of our gateway in North Las Vegas, as well as
other contracts for the operation of the MSS/ATC System. ICO Satellite Services
G.P. owns a 99.99% interest in New ICO Satellite Services G.P.
SSG UK Limited owns a 0.01% interest in New ICO
Satellite Services G.P.
New ICO Satellite Services G.P. holds the U.S.
FCC authorization. It was assigned 8 MHz of 2 GHz MSS spectrum by
ICO Satellite Services G.P. The FCC subsequently increased the assignment
of spectrum to 20 MHz of 2 GHz MSS spectrum on December 8, 2005.
