IV. The Parties
TelePacific is a California corporation and a wholly owned subsidiary of U.S. TelePacific Holdings Corp. (Holdings).1 By Decision (D.) 96-12-057 and D.97-12-084 (as modified by D.98-07-045), we granted TelePacific certificates of public convenience and necessity (CPCN) to operate in California as an interexchange carrier and as a facilities-based and resale local exchange service provider. D.96-12-057 assigned TelePacific, a nondominant telecommunications carrier, its U-5721-C corporate identification number.2
SIPCO is a corporation organized under the laws of the Cayman Islands. Through various affiliates and subsidiaries, SIPCO operates as a principal and intermediary in international investments involving a variety of industries. SIPCO exists and operates for the convenience of its subsidiaries' management. Investcorp SA (Investcorp) is an indirect, partially owned subsidiary of SIPCO. Investcorp is the financial reporting entity for its affiliates. TelePacific Holdings Limited (THL), Investcorp TPC L.P. (ITPC), and TelePacific Equity Limited (TEL) are partially owned subsidiaries of Investcorp.3 THL, ITPC, and TEL are stockholders of Holdings.
1 TelePacific formerly was known as Justice Long Distance Corp. and Justice Long Distance Inc. 2 In D.99-11-066, we approved the transfer of control of TelePacific to Holdings. In D.00-11-022, we approved a change in indirect control necessitated by a change in the board of directors of Holdings. 3 Investcorp International, Inc. is the direct holder of the Investcorp investments in THL, ITPC, and TEL.
