| Proposed Ticker: - | 2550 M Street, NW, Suite 200 | |
| Exchange: NASDAQ-National Market | Washington, District of Columbia 20037 | |
| Industry: Service | (202) 496-4300 |
| All share information is proposed | ||||
| Type of Shares: | Class B Common Shares | Filing Date: | 8/29/96 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $172,500,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $91.43 |
| Net Income: | -$7.39 | -$6.65 | -$2.30 | Liabilities: | $99.73 |
| EPS: | Equity: | -$8.30 | |||
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 be a leading provider of full-service wireless telecommunications services in its markets, which cover approximately 35.5 million POPs. The company is currently the sixth largest Personal Communications Services licensee in the U.S Major markets covered by the company's PCS licenses include Chicago, Dallas-Ft. Worth, Detroit, St. Louis, New Orleans, Las Vegas, and Honolulu. The company intends to build out its PCS networks rapidly using commercially established Global System for Mobile Communications technology, and anticipates commencing service in Las Vegas and Honolulu in early 1997. The company intends to position its PCS service as a new category of wireless telephone service aimed primarily at that segment of the mass consumer market that has not previously purchased cellular service. The company has developed an initial marketing and advertising plan that is designed to create a new identity for the service. The company plans to offer the mobility features of cellular, the calling features of landline and a pricing plan more similar to current local telephone service than to existing cellular. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for interest payments on the government financing and to repay the borrowings under certain of the company's loan and credit facilities, for the buildout and operation of the PCS networks in its license areas, to finance potential acquisitions and for general corporate purposes. |
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