Review of Foreign Ownership Policies for Common Carrier and Aeronautical Radio Licensees

In this First Report and Order, the Federal Communications Commission forbears from applying the 20 percent foreign ownership limit to the class of common carrier licensees in which foreign ownership in the licensee is held through U.S.-organized entities that do not control the licensee, to the extent we determine such foreign ownership is consistent with the public interest under the policies and procedures the FCC has adopted for the public interest review of foreign ownership.