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| Formus Communications, Inc. |
| 720 S. Colorado Blvd., Suite 600 North, Denver, CO 80246 * (303) 504-3200 |
| Business Description | The company provides broadband and other telecommunications services to business customers in selected European markets using primarily wireless networks. |
|
Filing Information IPO has been | |||
| To Trade As | FMUS (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 10/7/99 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $150,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 | ||
| Revenues | - | - | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Income from Oper. | - | - | -0.096 | -6.394 | -16.699 | -5.862 | -21.900 |
| Net Income | - | - | -0.089 | -6.147 | -14.470 | -5.261 | 8.785 |
| E.P.S | - | - | -0.130 | -2.660 | -4.980 | -1.810 | 0.270 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -13.27 | - | - | ||||
| Cash Flow - Inv. | -20.06 | - | - | ||||
| Cash Flow - Fin. | 34.91 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 85.20 | Current Assets | 62.23 | Current Ratio | 8.97 |
| Total Liab. | 13.34 | Current Liab. | 6.94 | Debt Ratio | 15.66% |
| Total Equity | 71.86 | Working Cap. | 55.30 | Debt to Equity Ratio | 0.19 |
| Cash | 52.39 | Return on Assets | 10.31% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund capital expenditures and operating losses associated with our rollout of telecommunications services in Germany, Poland and other countries in which we have telecommunications licenses, to acquire telecommunications licenses, for continued business development activities, for business acquisitions and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Holme Roberts & Owen |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Arthur Andersen |
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