47 CFR §24.404

1. (a)General. Authorizations will be granted upon proper application if:
   1. (1)The applicant is qualified under the applicable laws and the regulations, policies and decisions issued under the laws, including § 24.12;
   2. (2)There are frequencies available to provide satisfactory service; and
   3. (3)The public interest, convenience or necessity would be served by a grant.
2. (b)Alien ownership. A narrowband PCS authorization to provide Commercial Mobile Radio Service may not be granted to or held by:
   1. (1)Any alien or the representative of any alien.
   2. (2)Any corporation organized under the laws of any foreign government.
   3. (3)Any corporation of which more than one-fifth of the capital stock is owned of record or voted by aliens or their representatives or by a foreign government or representative thereof or any corporation organized under the laws of a foreign country.
   4. (4)Any corporation directly or indirectly controlled by any other corporation of which more than one-fourth of the capital stock is owned or voted by aliens, their representatives, or by a foreign government or representative thereof, or by any corporation organized under the laws of a foreign country, if the Commission finds that the public interest will be served by the refusal or revocation of such license. A Narrowband PCS authorization to provide Private Mobile Radio Service may not be granted to or held by a foreign government or a representative thereof.