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| TeleCorp PCS, Inc. |
| 1010 N. Glebe Road, Suite 800, Arlington, VA 22201 * (703) 236-1100 |
| Business Description | The company is the largest AT&T; Wireless affiliate in the United States, with licenses covering approximately 16.5 million people. We provide wireless personal communications services in selected markets in the south-central and northeast United States and in Puerto Rico, encompassing eight of the 100 largest metropolitan areas in the United States. |
| Offering Information Company has | |||
| Trading As | TLCP (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 10/20/1999 |
| Domestic Shares Offered | 9,200,000 | Offer Date | 11/22/1999 |
| Foreign Shares Offered | 0 | Filing Range | $16.00 - $18.00 |
| Company Shares | 9,200,000 | Offer Price | $20.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.350 |
| Gross Proceeds | $184,000,000 | Selling | $0.810 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 83,323,900 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| 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 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 06/30/1998 | 06/30/1999 | ||
| Revenues | - | - | - | - | 0.029 | - | 21.368 |
| Income from Oper. | - | - | -0.525 | -2.952 | -43.891 | -9.279 | -64.094 |
| Net Income | - | - | -0.525 | -3.335 | -51.155 | -9.588 | -78.283 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -29.78 | -6.70 | -49.47 | ||||
| Cash Flow - Inv. | -132.11 | 8.35 | 318.37 | ||||
| Cash Flow - Fin. | 271.05 | 19.57 | 407.55 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 778.23 | Current Assets | 174.59 | Current Ratio | 2.64 |
| Total Liab. | 691.71 | Current Liab. | 66.15 | Debt Ratio | 88.88% |
| Total Equity | 86.52 | Working Cap. | 108.44 | Debt to Equity Ratio | 7.99 |
| Cash | 151.44 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures in connection with the expansion of our personal communications services network, sales and marketing activities and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | McDermott, Will & Emery |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Registrar/Transfer Agent | State Street Bank and Trust Company |
| Auditor | Pricewaterhouse Coopers LLC |
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