| Proposed Ticker: | - | ||
| Exchange: | NASDAQ-National Market | ||
| Industry: | Transportation |
| All share information is proposed | ||||
| Type of Shares: | Series A Common Shares | Filing Date: | 1/15/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $350,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | ||
| Spin out parent firm: | Tele-Communications, Inc. | |||
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Business Description |
| The company will hold Tele-Communications' 30% stake in Sprint Spectrum LP, which provides wireless communication services under the Sprint brand name, and a 33.1% stake in Teleport Communications Group, Inc. a provider of telecommunications. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund part of the telephony group's anticipated capital requirements, including capital contributions that the group must make to the Sprint ventures through 1998. |
©1997 IPO Data Systems, Inc. - All rights reserved.