| Ticker: WWCA | 2001 N.W. Sammamish Road | |
| Exchange: NASDAQ-National Market | Issaquah, Washington 98027 | |
| Industry: Service | (206) 313-5200 |
| Type of Shares: | Class A Common Shares | Filing Date: | 3/15/96 | |
| U.S. Shares: | 8,800,000 | Offer Date: | 5/22/96 | |
| Non-U.S. Shares: | 2,200,000 | Filing Range: | $21.00 - $24.00 | |
| Primary Shares: | 9,014,800 | Offer Price: | $23.50 | |
| Secondary Shares: | 1,985,200 | Gross Spread: | $1.35 | |
| Offering Amount: | $247,500,000 | Selling: | $0.81 | |
| Expenses: | $1,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 67,745,911 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $146.56 | $46.04 | $26.08 | Assets: | $737.45 |
| Net Income: | -$55.95 | -$18.57 | -$12.46 | Liabilities: | $172.51 |
| EPS: | -$0.87 | -$0.31 | -$0.24 | Equity: | $564.94 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading provider of high quality wireless communications services in the western United States. The company owns or has the right to acquire an aggregate of 80 cellular and PCS licenses for a geographic area covering approximately 25.5 million pops and 41% of the continental United States. The company owns and operates cellular communications systems in 57 Rural Service Areas (RSAs), including on RSA which it has the right to acquire, and 16 Metropolitan Statistical Areas (MSAs) with an aggregate population of approximately 6.0 million persons. In its cellular markets, the company uses the CELLULAR ONE brand name and currently serves of 240,000 subscribers. Through the Federal Communications Commission auction concluded in 1995, the Company acquired broadband personal communications services licenses for six Major Trading Areas with an aggregate population of approximately 15.1 million persons for an aggregate purchase price of $144 million. |
| Use of Proceeds |
| The proceeds from the offering will be used to finance a portion of the company's personal communication service business build-out, to fund the purchase of the Denver MTA license, to fund expansion of existing cellular operations and for general corporate purposes; and pending such uses, for working capital and to repay revolving credit indebtedness under the credit facility. |
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