| Telegroup, Inc. | |||
| Ticker: | TGRP | 2098 Nutmeg Avenue | |
| Exchange: | NASDAQ-National Market | Fairfield, IA 52556 | |
| Industry: | Transportation (SIC Code 4813) | (515) 472-5000 | |
| Type of Shares: | Common Shares | Filing Date: | 4/11/97 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 7/8/97 | |
| Non-U.S. Shares: | 1,000,000 | Filing Range: | $10.00 - $11.00 | |
| Primary Shares: | 5,000,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $52,500,000 | Selling: | $0.42 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Issuer's Law Firm: | Swidler & Berlin, Chartered |
| Bank's Law Firm: | Chadbourne & Parke |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | First Chicago Trust Company of NY |
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: | $213.21 | Assets: | $65.96 | ||
| Net Income: | -$0.12 | Curr Assets: | |||
| EPS: | Liabilities: | $52.59 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $4.90 | Equity: | $13.36 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading global alternative provider of international telecommunications services. The company offers a broad range of discounted international and enhanced telecommunications services to small- and medium-sized business and residential customers in over 170 countries worldwide. The company has achieved its significant international market penetration by developing what it believes to be one of the most comprehensive global sales, marketing and customer service organizations in the international telecommunications industry. The company operates a digital, switched-based telecommunications network to deliver its services in a reliable, flexible, and cost-effective manner to approximately 200,000 active customers worldwide. According to Federal Communications Commission statistics, the company was the sixth largest U.S. carrier of outbound international traffic in 1995. The company's revenues increased from $29.8 million in 1993 to $213.2 million in 1996. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand the Telegroup Intelligent Global Network; prepay all of the outstanding 12% Senior Subordinated Notes; to develop and upgrade management information systems; and the balance will be used for working capital and for general corporate purposes including strategic alliances and acquisitions. |