PUBLIC NOTICE

FEDERAL COMMUNICATIONS COMMISSION

445 12th STREET, S.W.

WASHINGTON, D.C. 20554 **DA00-1799**

News media information 202/418-0500 Fax-On-Demand 202/418-2830 Internet:
http://www.fcc.gov ftp.fcc.gov

**Released: August 8, 2000**

**WIRELESS TELECOMMUNICATIONS BUREAU GRANTS CONSENT TO ASSIGN**

**SMR LICENSES**

Pursuant to Section 310(d) of the Communications Act, 47 U.S.C. §
310(d), and Section 0.331 of the Commission\'s rules, 47 C.F.R. § 0.331,
the Wireless Telecommunications Bureau (Bureau) approves, subject to the
conditions set forth below, the applications requesting Commission
consent to assign the following licenses:

**Victor Communications, Inc. to North Sight Communications, Inc.:**
Markets M025J

and M025F -- Multiple Counties in Puerto Rico, BTA (SMR), File No.
0000088241.

We approve these assignments because we find they are in the public
interest, convenience, and necessity. *See* 47 U.S.C. § 310(d). By this
approval, the parties are authorized to proceed to the final stages of
their respective transactions. Section 1.948(d) of the Commission\'s
rules provides that \"the Commission shall be notified by letter of the
date of completion of the assignment or transfer of control.\" *See* 47
C.F.R. §1.948(d). Hence, we remind parties that an assignment shall not
be considered complete until the underlying transaction closes and all
conditions set forth in the grant documents, including this Public
Notice and the application, are met. In addition, the approval of each
assignment is also conditioned upon the execution of all Commission loan
documents by the assignor, assignee and the Commission, unless the
license being assigned has been paid in full. Furthermore, unless the
license being assigned has been paid in full, the approval is
conditioned upon the assignee\'s execution of the applicable financing
statements (*i.e.* the UCC-1 Forms) and payment of all costs associated
with the preparation and recordation of the financing statements, on or
before the consummation date. Where applicable, the Bureau will send all
assignors listed herein the appropriate loan documents and financing
statements upon notification of the proposed consummation date.
Additionally, all installment payments

must be current on the consummation date.[^1] Upon receipt of the letter
required by Section 1.948(d) of the Commission\'s rules, and
satisfaction of all requisite conditions, including execution of the
appropriate documents, the Bureau will consider the assignment
\"complete\" and will issue the license to the assignee with the date of
the license grant identical to the date upon which the transaction
closed, thus completing the assignment.

Failure of the parties to comply with Section 1.948(d) of the
Commission\'s rules, or any specific condition described above, will
result in automatic cancellation of the Commission\'s assignment
approval, and dismissal of the underlying assignment application(s).

To notify the Bureau of the proposed consummation date and to request
loan documents and financing statements, contact Rita Cookmeyer or
Yolanda Lee at (202) 418-0660. Requests for loan documents and financing
statements should be made at least 10 days prior to consummation.

This Public Notice is issued by the Chief, Wireless Telecommunications
Bureau.

**- FCC -**

[^1]: ^?^ In order to be current, the installment payment may not be in
    the non-delinquency period or grace period. Amendment of Part 1 of
    the Commission\'s Rules \-- Competitive Bidding Procedures, *Third
    Report and Order and Second Further Notice of Proposed Rulemaking*,
    13 FCC Rcd. 374 (1997). In addition, there must be no outstanding
    fees, including late fees, due to the Commission.