| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Hyperion Telecommunications, Inc. |
| Main St. Water Street, Coudersport, PA 16915 * (814) 274-9830 |
| The company is a leading facilities-based provider of local telecommunications services with state-of-the-art fiber optic networks located in regionally clustered markets primarily within the eastern half of the United States. |
| Manager | Tier | Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| NASNTL: | HYPT | Service: | SIC 4813 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 3/18/98 | |
| U.S. Shares: | 12,500,000 | Offer Date: | 5/4/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 12,500,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.00 | |
| Offering Amount: | $187,500,000 | Selling: | $0.60 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | Adelphia Communications Corporation | |||
| Employees: | 321 | |||
| Issuer's Law Firm: | Buchanan Ingersoll |
| Bank's Law Firm: | Latham & Watkins |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/97 | 12/31/97 | 12/31/96 | 12/31/97 | ||
| Revenue: | $5.09 | $8.69 | $3.61 | Assets: | $634.85 |
| Net Income: | -$30.55 | -$55.76 | -$19.05 | Curr Assets: | $335.41 |
| EPS: | -$0.72 | -$1.30 | -$0.45 | Liabilities: | $741.03 |
| Prior EPS: | -$0.34 | -$1.61 | -$2.59 | Curr Liab: | $18.36 |
| Cash Flow/Oper: | -$4.82 | $446.65 | $130.74 | Equity: | -$106.18 |
| Cash Flow/Fin: | $137.46 | -$171.99 | -$31.77 | Cash: | $332.86 |
| Cash Flow/Inv: | -$72.82 | Working Cap: | $317.05 | ||
| Competition |
| In each of the markets served by the Company's networks, the services offered by the Company compete principally with the services offered by the incumbent LEC serving that area. Incumbent LECs have long-standing relationships with their customers, have the potential to subsidize competitive services from monopoly service revenues, and benefit from favorable state and federal regulations. In light of the passage of the Telecommunications Act of 1996 (the "Telecommunications Act"), federal and state regulatory initiatives will provide increased business opportunities to CLECs such as the Company, but regulators are likely to provide incumbent LECs with increased pricing flexibility for their services as competition increases. If incumbent LECs are allowed by regulators to lower their rates substantially or selectively engage in excessive volume and term discount pricing practices for their customers or charge CLECs excessive fees for interconnection to the incumbent LECs' networks, the net income and cash flow of CLECs, including the Operating Companies, could be materially and adversely affected. |
| Business Plan |
| The principal elements of the Company's growth strategy include the following: (I) Focus on Telecommunications-Intensive Customers, (ii) Increase Size and Scope of Network Clusters, (iii) Maximize On-Net Traffic Through Facilities-Based Services, (iv) Provide Bundled Package of Telecommunications Services and (v) Expand Solutions-Oriented Sales Effort. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the company's capital expenditures, working capital requirements, potential increases in ownership interests in existing networks and for general corporate purposes. |