The FCC has issued an Enforcement Advisory reminding license holders and authorized telecommunications providers with reportable foreign ownership investment or control of their obligations to file prompt, accurate, and complete information with the FCC. This includes seeking and receiving Commission approval prior to assignments or transfers of control through mergers, sales or otherwise and prior to other changes in ownership resulting in new foreign interest holders or increases in existing foreign ownership interests. Potential enforcement actions for violations of these rules include civil penalties, mandated compliance plans, and/or monthly ownership reports, but each violation is assessed on a case-by-case basis.
