UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
American Mobile Satellite Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $.01 Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
02755R 10 3
----------------------------------------------------
(CUSIP Number)
Ms. Chan Su Shan, Company Secretary, Singapore Telecommunications Limited
31 Exeter Road, Comcentre, Singapore 239732, Republic of Singapore
(011) (65) 838-2201 */
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 13, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
*/ With a copy to: Richard S. Elliott, Esq., Paul, Weiss, Rifkind,
Wharton & Garrison, 1615 L Street, N.W., Suite 1300, Washington, DC
20036, (202) 223-7324.
<PAGE>
SCHEDULE 13D
CUSIP NO. 02755R 10 3 PAGE 2 OF PAGES
-----------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Singapore Telecommunications Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Singapore
7 SOLE VOTING POWER
NUMBER OF 4,367,927 shares
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 0 shares
WITH
9 SOLE DISPOSITIVE POWER
4,367,927 shares
10 SHARED DISPOSITIVE POWER
0 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,367,927 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
CUSIP NO. 02755R 10 3 PAGE 3 OF PAGES
-----------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Temasek Holdings (Private) Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Singapore
7 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 4,367,927 shares
WITH
9 SOLE DISPOSITIVE POWER
0 shares
10 SHARED DISPOSITIVE POWER
4,367,927 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,367,927 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
14 TYPE OF REPORTING PERSON
HC
<PAGE>
4
AMENDED SCHEDULE 13D 1/
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is amended and restated in its entirety as follows:
Prior to November 1992, all of Singapore Telecom's holdings of Common
Stock were held indirectly through Mtel Space Technologies, L.P. ("Mtel L.P."),
a Delaware partnership in which Singapore Telecom's legal predecessor was a
limited partner until November 1992. 2/ The sole assets of Mtel L.P. were shares
of Common Stock. Singapore Telecom provided funds to Mtel L.P. both by
purchasing limited partnership units in Mtel L.P. ("Mtel LPUs") and by
purchasing convertible debentures issued by Mtel L.P. (the "Mtel Convertible
Debentures"). The Mtel Convertible Debentures were, subject to certain
conditions, convertible into Mtel LPUs which, upon conversion, were to be
redeemed immediately for shares of Common Stock held of record by Mtel L.P.
At the time Mtel L.P. was restructured in November 1992, Singapore
Telecom had contributed $6,667,000 to Mtel L.P. through the purchase of Mtel
LPUs and had loaned Mtel L.P. $24,266,355 through the purchase of Mtel
Convertible Debentures. All such funds came from the working capital of
Singapore Telecom.
As part of the Mtel L.P. restructuring, all Mtel LPUs held by Singapore
Telecom were redeemed for shares of Common Stock, and a portion of the Mtel
Convertible Debentures held by Singapore Telecom were converted. After the
restructuring, Singapore Telecom held directly 467,810 shares of Common Stock
(equivalent to 1,116,363 shares of Common Stock after the December 1993 stock
split by the Issuer). In addition, Singapore Telecom continued to hold
$14,660,015 principal amount of Mtel Convertible Debentures that, upon
conversion into Mtel LPUs, were to be redeemed immediately by Mtel L.P. for
318,841 shares (760,869 post-split shares) of Common Stock held of record by
Mtel L.P.
On December 20, 1993, Singapore Telecom engaged in the transactions
that required the filing of an initial
- ---------
1/ Amending the Amended and Restated Schedule 13D dated December 28,
1995.
2/ In April 1992, pursuant to the Telecommunication Authority of
Singapore Act 1992, Singapore Telecom became the successor in
interest to telecommunications businesses owned by the
Telecommunication Authority of Singapore (which continues to
exercise regulatory oversight over those businesses). Unless
otherwise indicated by the context, "Singapore Telecom" will be
used to refer both to Singapore Telecommunications Limited and to
its legal predecessor.
<PAGE>
5
statement on Schedule 13D. On that date, Singapore Telecom purchased from the
issuer 911,854 shares of Common Stock for a cash purchase price of $18 million.
The funds used to make this purchase came from the working capital of Singapore
Telecom.
On that same date, 1,317,460 shares were issued to Singapore Telecom by
the Issuer upon conversion by Singapore Telecom of $27,666,667 principal amount
of subordinated convertible notes previously issued by the Issuer to Singapore
Telecom. The Singapore Telecom funds loaned to the Issuer in connection with
such convertible notes ($20 million in August 1992 and $7,666,667 in October
1993) came from the working capital of Singapore Telecom.
In December 1995, Singapore Telecom delivered to Mtel L.P. a notice of
conversion with respect to the remaining Mtel Convertible Debentures. Upon
conversion, Singapore Telecom received 8,451.71 Mtel LPUs that, as noted above,
were to be redeemed immediately by Mtel L.P. in exchange for 760,869 shares of
Common Stock held of record by Mtel L.P. On December 27, 1995, Mtel L.P.
redeemed the 8,451.71 Mtel LPUs and directed the Issuer to transfer the 760,869
shares of Common Stock to Singapore Telecom (effective as of that date).
On July 1, 1996, upon the closing of a set of agreements providing
long-term bank financing for the Issuer's subsidiary, Singapore Telecom received
a warrant from the Issuer entitling it, through June 28, 2001, to purchase
625,000 shares of Common Stock at an exercise price of $24 per share (the
"Original Warrant"). The Original Warrant was received as part of the
consideration for Singapore Telecom's guaranty of up to $25 million in principal
amount of such long-term financing. The number of shares of Common Stock for
which the Original Warrant could be exercised was limited to the extent that
certain financial performance tests restricted the ability of the Issuer's
subsidiary to borrow under the long-term financing arrangements. As of July 1,
1996, the Original Warrant was exercisable for only 406,250 shares of Common
Stock.
On March 27, 1997, Singapore Telecom and the other guarantors of the
long-term financing agreed to eliminate these financial performance tests that
restricted the borrowing ability of the Issuer's subsidiary. As part of this
agreement, Singapore Telecom's warrant was amended (the "Amended Warrant") so as
to entitle the holder to purchase 687,500 shares of Common Stock at an exercise
price of $13 per share. The Amended Warrant was exercisable in full as of March
27, 1997.
On March 31, 1998, as part of the consideration for Singapore Telecom's
guaranty of up to $25 million in principal amount of restructured long-term
financing
<PAGE>
6
extended to the Issuer and the Issuer's subsidiary by lending institutions, (a)
the Amended Warrant was further amended so as to change the exercise price to
$12.51 per share and the expiration date to March 31, 2005, and (b) Singapore
Telecom received another warrant from the Issuer entitling it, through March 31,
2005, to purchase 125,000 shares of Common Stock at an exercise price of $12.51
per share ("Warrant No. 2"). Both the Amended Warrant and Warrant No. 2 were
exercisable in full as of March 31, 1998.
On March 29, 1999, Singapore Telecom and the other guarantors of the
restructured long-term financing agreed to eliminate certain financial covenants
applicable to the Issuer and the Issuer's subsidiary. As part of the
consideration for the elimination of the financial covenants, the Amended
Warrant and Warrant No. 2 were each amended on April 1, 1999 so as to change the
exercise price to $7.50 per share.
In early August 1999, as the result of a public stock offering by the
Issuer that triggered anti-dilution provisions in the Amended Warrant and
Warrant No. 2, the number of shares of Common Stock for which the Amended
Warrant and Warrant No. 2 could be exercised was increased slightly, and the
exercise price under each warrant was decreased slightly. As a result of this
adjustment, the aggregate number of warrant shares covered by the Amended
Warrant and Warrant No. 2 was changed to 828,281, and the exercise price was
changed to $7.3571 per share.
Item 5. Interest in Securities of the Issuer
Item 5 is amended and restated in its entirety as follows:
(a) Singapore Telecom owns beneficially 4,367,927 shares of Common Stock. Of
this amount, 3,539,646 shares of Common Stock are owned of record by Singapore
Telecom, and 828,281 shares of Common Stock could be obtained by Singapore
Telecom upon exercise in full of the Amended Warrant and Warrant No. 2. As noted
in Item 2 above, Singapore Telecom is approximately 80% owned by Temasek. The
filing of this Statement should not, however, be construed as an admission that
Temasek is, for purposes of Section 13(d) of the Act, the beneficial owner of
any of the Common Stock beneficially owned by Singapore Telecom.
Based upon the information supplied by the Issuer, the 4,367,927 shares
of Common Stock beneficially owned by Singapore Telecom constitute approximately
8.9% of the Common Stock outstanding as of September 30, 1999. 3/
- ---------
3/ For the purpose of computing this percentage, the Amended Warrant
and Warrant No. 2 were
(continued...)
<PAGE>
7
To the best knowledge of the Reporting Persons, none of the persons
listed in Schedule I or II beneficially own or have the right to acquire shares
of Common Stock.
The Reporting Persons may be deemed to comprise a group (within the
meaning of Section 13(d)(3) of the Act) with the following entities by virtue of
certain agreements described in Item 6 below: (1) Hughes Electronics Corporation
("Hughes Electronics") and Hughes Communications Satellite Services, Inc.
("Hughes" and, together with Hughes Electronics, the "Hughes Entities"), an
indirect wholly-owned subsidiary of Hughes Electronics; and (2) Space
Technologies Investments, Inc. ("Investments") and the following affiliates of
Investments: Transit Communications, Inc., and Satellite Communications
Investments Corporation (collectively with Investments, the "AT&T Entities"). 4/
The Reporting Persons expressly disclaim beneficial ownership of shares
of Common Stock beneficially owned by the Hughes Entities and the AT&T Entities,
and the filing of this statement by the Reporting Persons shall not be construed
as an admission by the Reporting Persons that either of them is, for purposes of
Section 13(d) of the Act, the beneficial owner of any of the shares of Common
Stock held by the Hughes Entities or the AT&T Entities.
Based upon information supplied by the Issuer, the Reporting Persons
believe that the Hughes Entities and the AT&T Entities beneficially own the
number of shares of Common Stock set forth in the table below as of September
30, 1999, constituting in each case that percentage of the outstanding Common
Stock set forth in the table:
- ---------
3/ (continued...)
deemed to be exercised in full and the shares of Common Stock
issuable upon such exercise were deemed to be outstanding.
4/ Prior to the conversion of the remaining Mtel Convertible
Debentures in December 1995, and the resulting transfer of the
760,869 shares of Common Stock from Mtel L.P. to Singapore
Telecom, the following entities might also have been deemed to be
part of such group: Mtel L.P., Mtel Space Technologies
Corporation ("Mtel Corp.") (Mtel L.P.'s general partner), and
Mtel Technologies, Inc. ("Mtel Corp. Affiliate") (Mtel L.P.'s
limited partner) (collectively, the "Mtel Group").
<PAGE>
8
Name of Beneficial Owner Number of Shares Percentage
- ------------------------ ---------------- ----------
Hughes Communications
Satellite Services, Inc. 5/ 6,692,108 --
Hughes Electronics Corporation 6/ 4,969,688 --
Hughes Entities as a Group 11,661,796 21.8 7/
- --------------------------------------------------------------------------------
Space Technologies Investments, Inc. 1,206,192 --
Transit Communications, Inc. 681,818 --
Satellite Communications Investments
Corporation 1,113,135 --
AT&T Entities as a Group 3,001,145 6.2
(b) Singapore Telecom has sole power to vote or to direct the vote, and sole
power to dispose or to direct the disposition of, the shares of Common Stock
beneficially owned by it, subject to the effect of the agreements referred to in
Item 6. As noted in Item 2 above, Singapore Telecom is approximately 80% owned
by Temasek. The filing of this statement should not, however, be construed as an
admission that Temasek is, for purposes of Section 13(d) of
- ---------
5/ Includes 25,486 shares of Common Stock issuable to Hughes upon
the exercise of certain warrants previously issued by the Issuer.
These warrants are exercisable through January 19, 2001 at an
exercise price of $.01 per share.
6/ Consists of 4,205,121 shares of Common Stock issuable upon the
exercise of a warrant that Hughes Electronics received as part of
the consideration for a guaranty that it provided in connection
with long-term bank financing for the Issuer's subsidiary, and
764,567 shares of Common Stock issuable upon the exercise of
another warrant that Hughes Electronics received as part of the
consideration for a guaranty that it provided in connection with
the restructuring of the long-term financing. Each warrant is
exercisable through March 31, 2005 at an exercise price of
$7.3571 per share.
7/ For the purpose of computing this percentage, warrants held by
the Hughes Entities were deemed to be exercised in full and the
shares of Common Stock issuable upon such exercise were deemed to
be outstanding.
<PAGE>
9
the Act, the beneficial owner of any of the Common Stock beneficially owned by
Singapore Telecom.
(c) During the past 60 days, Singapore Telecom has engaged in certain open
market sales of Common Stock, which, in the aggregate, amount to approximately
1% of the shares of Common Stock outstanding as of September 30, 1999 (based on
information supplied by the Issuer). Those sales were as follows:
Date of Transaction Number of Shares Average Price Per Share
------------------- ---------------- -----------------------
10/01/99 1,300 $17.39
10/04/99 190,900 $15.29
10/05/99 17,500 $14.51
10/06/99 41,000 $14.01
10/08/99 97,200 $13.31
10/11/99 50,000 $13.02
10/12/99 49,500 $13.69
10/13/99 37,200 $13.75
The Reporting Persons are not aware of any transactions in shares of
Common Stock that were effectuated during the past 60 days by the Hughes
Entities or the AT&T Entities, or by any of the persons listed in Schedule I or
II.
(d) The Reporting Persons do not know of any other person having the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Common Stock beneficially owned by the Reporting
Persons.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits
Exhibit I in Item 7 is amended as follows:
Exhibit I -- Joint Filing Agreement dated October 22, 1999
<PAGE>
10
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
SINGAPORE TELECOMMUNICATIONS LIMITED
By: /s/ Hoh Wing Chee
-----------------
Name: Hoh Wing Chee
Title: VP (International Network)
Dated: October 22, 1999
TEMASEK HOLDINGS (PRIVATE) LIMITED
By: /s/ Ong Wen Wendy (Ms.)
-----------------------
Name: Ong Wen Wendy (Ms.)
Title: Vice President/
Company Secretary
Dated: October 22, 1999
<PAGE>
11
EXHIBIT INDEX
Exhibit I in the Exhibit Index is amended as follows:
Exhibit I Joint Filing Agreement dated October 22, 1999
<PAGE>
12
SCHEDULES I AND II
SCHEDULE I
SINGAPORE TELECOMMUNICATIONS LIMITED
DIRECTORS & EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. Koh Boon Hwee Board Member Singapore Telecom Executive Chairman Singapore
Chairman 31 Exeter Road Wuthelam Holdings Pte Ltd.
Comcentre 1 Kim Seng Promenade
Singapore 239732 #10-06
Great World City East Tower
Singapore 237994
Mr. Wong Hung Khim Board Member Singapore Telecom Chairman Singapore
Deputy Chairman 31 Exeter Road DelGro Corporation Limited
Comcentre 205 Braddell Road
Singapore 239732 Singapore 579701
BG Lee Hsien Yang Board Member Singapore Telecom President & CEO Singapore
President & CEO 31 Exeter Road Singapore Telecom
Comcentre 31 Exeter Road
Singapore 239732 Comcentre
Singapore 239732
Mr. Lim Ho Kee Board Member Singapore Telecom Director Singapore
31 Exeter Road Cypress Woods Pte Ltd.
Comcentre 80 Raffles Place
Singapore 239732 #24-21 UOB Plaza 2
Singapore 048624
</TABLE>
<PAGE>
13
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. Quek Poh Huat Board Member Singapore Telecom President Singapore
31 Exeter Road Temasek Holdings (Private)
Comcentre Limited
Singapore 239732 8 Shenton Way #38-03
Temasek Tower
Singapore 068811
MG Lim Chuan Poh Board Member Singapore Telecom Chief of Army Singapore
31 Exeter Road Ministry of Defence
Comcentre 303 Gombak Drive
Singapore 239732 #04-10
Singapore 669645
Mr. Jaspal Singh Board Member Singapore Telecom Deputy Secretary Singapore
31 Exeter Road Ministry of Communications
Comcentre 460 Alexandra Road
Singapore 239732 #39-00 PSA Building
Singapore 119963
Mr. Keith Tay Ah Kee Board Member Singapore Telecom Director and Executive Committee Singapore
31 Exeter Road Member of Singapore Reinsurance
Comcentre Corporation Limited
Singapore 239732 c/o 21 Derbyshire Road #12-23
Singapore 309467
</TABLE>
<PAGE>
14
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. Lim Toon Chief Operating Officer Singapore Telecom Chief Operating Officer Singapore
31 Exeter Road Singapore Telecom
Comcentre 31 Exeter Road
Singapore 239732 Comcentre
Singapore 239732
Mr. Lee Shin Koi Executive Vice President Singapore Telecom Executive Vice President Singapore
(Consumer Business) 31 Exeter Road (Consumer Business)
Comcentre Singapore Telecom
Singapore 239732 31 Exeter Road
Comcentre
Singapore 239732
Mr. Lim Chuan Poh Executive Vice President Singapore Telecom Executive Vice President Singapore
(Corporate Business) 31 Exeter Road (Corporate Business)
Comcentre Singapore Telecom
Singapore 239732 31 Exeter Road
Comcentre
Singapore 239732
Mr. Lim Shyong Executive Vice President Singapore Telecom Executive Vice President Singapore
(Global Business) 31 Exeter Road (Global Business)
Comcentre Singapore Telecom
Singapore 239732 31 Exeter Road
Comcentre
Singapore 239732
</TABLE>
<PAGE>
15
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Ms. Chua Sock Koong Chief Financial Officer Singapore Telecom Chief Financial Officer Singapore
31 Exeter Road Singapore Telecom
Comcentre 31 Exeter Road
Singapore 239732 Comcentre
Singapore 239732
</TABLE>
<PAGE>
16
SCHEDULE II
TEMASEK HOLDINGS (PRIVATE) LIMITED
DIRECTORS & EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. S. Dhanabalan Chairman Temasek Holdings (Private) Chairman Singapore
Limited Development Bank of Singapore Ltd.
8 Shenton Way #38-03 46th Floor, DBS Building Tower One
Temasek Tower Singapore 068809
Singapore 068811
Mr. Kwa Chong Seng Deputy Chairman Temasek Holdings (Private) Chairman/Managing Director Singapore
Limited Esso Singapore Pte Ltd.
8 Shenton Way #38-03 1 Raffles Place
Temasek Tower OUB Centre 38th Floor
Singapore 068811 Singapore 048616
Mr. Lim Siong Guan Deputy Chairman Temasek Holdings (Private) Permanent Secretary Singapore
Limited Ministry of Finance
8 Shenton Way #38-03 100 High Street #10-01
Temasek Tower The Treasury
Singapore 068811 Singapore 179434
</TABLE>
<PAGE>
17
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. Ngiam Tong Dow Director Temasek Holdings (Private) Chairman Singapore
Limited Housing Development Board
8 Shenton Way #38-03 3451 Jalan Bukit Merah
Temasek Tower HDB Centre 27th Storey Tower A
Singapore 068811 Singapore 159459
Mr. Fock Siew Wah Director Temasek Holdings (Private) Chairman Singapore
Limited Land Transport Authority
8 Shenton Way #38-03 460 Alexandra Road
Temasek Tower PSA Building #28-00
Singapore 068811 Singapore 119963
Mr. Koh Boon Hwee Director Temasek Holdings (Private) Executive Chairman Singapore
Limited Wuthelam Holdings Pte Ltd.
8 Shenton Way #38-03 1 Kim Seng Promenade
Temasek Tower #10-06 Great World City East Tower
Singapore 068811 Singapore 237994
Mr. Kua Hong Pak Director Temasek Holdings (Private) President & CEO Singapore
Limited Times Publishing Group
8 Shenton Way #38-03 Times Publishing Limited
Temasek Tower 1 New Industrial Road
Singapore 068811 Singapore 536196
Mr. Khaw Boon Wan Director Temasek Holdings (Private) Permanent Secretary Singapore
Limited Ministry of Trade and Industry
8 Shenton Way #38-03 100 High Street #09-01
Temasek Tower The Treasury
Singapore 068811 Singapore 179434
</TABLE>
<PAGE>
18
<TABLE>
<CAPTION>
Present Principal
Name Position Business Address Occupation/Employment Citizenship
- ---- -------- ---------------- --------------------- -----------
<S> <C> <C> <C> <C>
Mr. Quek Poh Huat President Temasek Holdings (Private) President Singapore
Limited Temasek Holdings (Private) Limited
8 Shenton Way #38-03 8 Shenton Way #38-03
Temasek Tower Temasek Tower
Singapore 068811 Singapore 068811
Mr. Peter Ong Boon Executive Vice Temasek Holdings (Private) Executive Vice President Singapore
Kwee President Limited Temasek Holdings (Private) Limited
8 Shenton Way #38-03 8 Shenton Way #38-03
Temasek Tower Temasek Tower
Singapore 068811 Singapore 068811
Ms. Ong Wen Wendy Company Secretary/ Temasek Holdings (Private) Company Secretary/ Singapore
Vice President Limited Vice President
8 Shenton Way #38-03 Temasek Holdings (Private) Limited
Temasek Tower 8 Shenton Way #38-03
Singapore 068811 Temasek Tower
Singapore 068811
</TABLE>
EXHIBIT I
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a statement on Schedule 13D dated October 22, 1999 with respect
to the Common Stock, par value $.01 per share, of American Mobile Satellite
Corporation, a Delaware corporation. This Joint Filing Agreement shall be
included as an Exhibit to such joint filing. In evidence thereof each of the
undersigned, being duly authorized, hereby executes this Agreement this 22nd day
of October 1999.
SINGAPORE TELECOMMUNICATIONS LIMITED
By: /s/ Hoh Wing Chee
-----------------
Name: Hoh Wing Chee
Title: VP (International Network)
TEMASEK HOLDINGS (PRIVATE) LIMITED
By: /s/ Ong Wen Wendy (Ms.)
-----------------------
Name: Ong Wen Wendy (Ms.)
Title: Vice President/
Company Secretary
