| Ticker: DT | Friedrich Ebert Allee 140 | |
| Exchange: New York Stock Exchange | Bonn, Foreign 53113 | |
| Industry: Service |
| Type of Shares: | American Depositary Receipts | Filing Date: | 10/4/96 | |
| U.S. Shares: | 85,000,000 | Offer Date: | 11/18/96 | |
| Non-U.S. Shares: | 515,000,000 | Filing Range: | $16.20 - $19.44 | |
| Primary Shares: | 600,000,000 | Offer Price: | $18.89 | |
| Secondary Shares: | 0 | Gross Spread: | $0.47 | |
| Offering Amount: | $10,692,000,389 | Selling: | $0.28 | |
| Expenses: | $12,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 2,653,700,000 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| ABN AMRO Bank | Co-manager | |
| CS First Boston | Co-manager | (212) 325-2000 |
| Deutsche Morgan Grenfell | Co-manager | (212) 468-5000 |
| Dresdner Securities (USA) Inc. | Co-manager | (212) 344-3200 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: C&L; Treuarbeit Deutsche Revision AG | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $43,481.00 | $20.14 | Assets: | $107,532.00 | |
| Net Income: | $3,657.00 | $344.00 | Liabilities: | $87,795.00 | |
| EPS: | $1.80 | $0.17 | Equity: | $19,737.00 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is currently the single provider of telecommunications services in Germany. The company provides local and long distance telecommunications services as well as voice, data, and image transmissions. The company is also Germany's largest mobile telecommunications provider, with approximately 2.4 million mobile telephone subscribers, and operates Germany's largest cable network, transmitting television and radio programming to more than 16.2 million households. In addition, the company provides leased lines, text and data services, corporate networks and on-line services, supplies telecommunications equipment and publishes telephone directories. The company consolidated net revenues were over DM 66 billion in 1995 and over DM 30 billion in the first half of 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |
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