| Proposed Ticker: CTEL | 222 Second Avenue North | |
| Exchange: NASDAQ-National Market | Nashville, Tennessee 37201 | |
| Industry: Service | (615) 251-4800 |
| All share information is proposed | ||||
| Type of Shares: | Class B Common Shares | Filing Date: | 10/2/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $80,500,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 909-3312 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $0.00 | $0.00 | Assets: | $10.99 | |
| Net Income: | -$0.21 | -$8.09 | Liabilities: | $11.09 | |
| EPS: | Equity: | -$0.10 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company intends to become a leading provider of broadband personal communications services in the State Tennessee and surrounding areas. The company bid for and has been granted FCC licenses to provide PCS service to the approximately 6.3 million POPs in its service area, including the Nashville, Memphis, Knoxville and Chattanooga metropolitan areas. The company's service area covers approximately 98% of the population of the State of Tennessee, and contiguous portions of six adjacent states. The company's PCS licenses cover contiguous markets in an area that the company believes has attractive demographic characteristics, including strong population and household growth, high population density, favorable commuting patterns and a favorable business environment. The company is a party to a series of agreements with PrimeCo Personal Communications, L.P., a partnership indirectly owned by AirTouch Communications, Inc., U S WEST, Inc., Bell Atlantic Corporation and NYNEX Corporation, which establish certain branding, purchasing, roaming and service relationships between the company and PrimeCo. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the repayment of a commitment fee and other miscellaneous indebtedness and the remainder will be used to fund capital expenditures, to make interest payments on the government financing and vendor financings, to fund working capital and other general corporate purposes. |
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