Sec. 25.505  Persons requiring authorization.

    (a) No communications common carrier, as defined in Sec. 25.103(a), 
shall purchase, obtain, own, or otherwise hold at any time, either 
directly or indirectly through a subsidiary or affiliated company, 
nominee, person or other entity subject to its control or direction, 
shares of stock in the corporation created pursuant to the 
Communications Satellite Act of 1962 unless authorized to do so by the 
Commission.
    (b) No individual, partnership, association, joint-stock company, 
trust, corporation, or other entity which owns or controls, directly or 
indirectly, or is under direct or indirect common control with, any such 
carrier, shall purchase, obtain, own, or otherwise hold, at any time, 
shares of stock in the corporation in its own name or right unless 
authorization previously shall have been obtained from the Commission by 
such entity or on behalf of such entity.

Secs. 25.506--25.514  [Reserved]