§  27.1308   Organization and structure of the 700 MHz public/private
partnership.

   (a) The Upper 700 MHz D Block licensee, the Network Assets Holder and
   such other related entities as the Commission may require or allow
   shall be formed by the winning bidder of the Upper 700 MHz D Block
   license. The Upper 700 MHz D Block licensee, the Network Assets Holder,
   and related entities as the Commission may require or allow must be
   Special Purpose Bankruptcy Remote Entities formed to hold the license,
   to hold the shared network assets, or for such other purpose as the
   Commission may require or allow. The winning bidder of the Upper 700
   MHz D Block license shall also form the Operating Company, which must
   also be a Special Purpose Bankruptcy Remote Entity. Upon issuance of
   the Upper 700 MHz D Block license, the winning bidder will assign all
   of its rights and obligations under the NSA to the Upper 700 MHz D
   Block licensee, Network Assets Holder, the Operating Company, and any
   other related entities that the Commission may require or allow.

   (b) The Upper 700 MHz D Block licensee and other related entities as
   the Commission may require or allow shall have the obligation to build
   out the Shared Wireless Broadband Network, as provided for in the NSA
   or otherwise as authorized by the Commission.