| Russian Wireless Telephone Company, Inc. | |||
| Proposed Ticker: | RWTC | 780 Third Avenue, Suite 1600 | |
| Exchange: | NASDAQ-Small Cap Market | New York, NY 10017 | |
| Industry: | Service (SIC Code 4813) | (212) 486-2900 | |
| Type of Shares: | Common Shares | Filing Date: | 3/28/97 | |
| U.S. Shares Filed: | 2,255,000 | Filing Price: | $7.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $15,785,000 | |
| Primary Shares: | 1,400,000 | Expenses: | $849,000 | |
| Secondary Shares: | 855,000 | Shares Out After: | 4,385,000 |
| Manager | Tier | Phone |
| J.W. Barclay & Co., Inc. | Lead Manager | (800) 967-7002 |
| Issuer's Law Firm: | Hall Dickler Kent Friedman & Wood, LLP |
| Bank's Law Firm: | Gusrae, Kaplan and Bruno |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $0.56 | Assets: | $2.92 | ||
| Net Income: | -$5.02 | Curr Assets: | |||
| EPS: | -$1.70 | Liabilities: | $3.90 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$0.89 | Equity: | -$0.98 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company, a Delaware corporation, through its Russian subsidiaries, Corbina and CompTel, is a provider of local, domestic and international telecommunications services, principally in the metropolitan area of Moscow and Moscow Oblast. It intends to increase the volume of telecommunications business that it conducts within the Moscow Region, and expand its business by offering its telecommunications services in other urban areas of the Russian Federation. The company's goal is to become a preferred provider of telecommunications services initially to the business community in the Moscow Region, and subsequently to other markets in the Russian Federation. The company intends to provide such services by using the net proceeds of this Offering to construct a state-of-the-art wireless local loop telecommunications network and to expand its long distance telecommunications operations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to provide additional capital to Corbina, to purchase switching hardware and software for connection of CompTel's customers to the Moscow public telephone system, to purchase equipment and to acquire antenna sites to be used in connection with the development and construction of CompTel's proposed wireless local loop telecommunications system in the Moscow region, to repay indebtedness borrowed in connection with the offering and for working capital and general corporate purposes. |