CONFIDENTIAL

6

INTELSAT

investment attributable

to utilization in Hong

Kong is US$40,571,000. BT also receives payments in

the Cable & Wireless

accordance with Article V(c) of the Agreement. Of these

Group receives from BT amounts

proportional to the Group's participation

investment share.

in BT's

8.

sent

The Cable and Wireless Group has

attend meetings of the Assembly of

Article VII), as part of the UK

representatives

to

Parties (Agreement,

*

delegation, and to Meetings of Signatories

(Agreement,

(Agreement,

Article VIII) and the Board of Governors

Article IX), as part of the delegation of the UK Signatory

(BT). The Group also sends representatives to meetings of

INTELSAT at operational level, either as a user of the

space segment, or as part of the delegation of the UK

Signatory. These include meetings of the Board's Advisory

Committees, Special Committees, Budget and Accounts Review

Committee, Operational Representatives Conference and

Global Traffic meetings. A record of attendances is at

Annex B.

9.

A user of the

the INTELSAT space segment does not

need to be a Signatory. However, the first part of

Article 14(a) of the Operating Agreement provides that the

application for approval of an earth station

an earth station to utilize

the INTELSAT space segment must be submitted to INTELSAT

by the

designated by the Party in whose

Signatory

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