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AT&T; Wireless Group
32 Avenue of the Americas, New York, NY 10013 * (212) 387-2412
Business Description The company is one of the largest wireless service providers in the United States based on revenues, the company has approximately 12 million total subscribers as of September 30 1999.
Offering
Information

Company has
gone public

Trading As  AWE (NYSE) Industry  Telecommunications (SIC 4812)
Type of Stock Offered  Common Shares Filing Date  2/2/00
Domestic Shares Offered  306,000,000 Offer Date  4/26/00
Foreign Shares Offered  54,000,000 Filing Range  $26.00 - $32.00
Company Shares  360,000,000 Offer Price  $29.50
Selling Shrhldrs Shares  0 Gross Spread  $0.860
Gross Proceeds  $10,620,000,000 Selling  $0.500
Expenses  - - Reallowance  $0.100
Post-IPO Shares  2,310,000,000 Employees  - -
Spun out from AT&T; Corporation
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Merrill Lynch & Co. Co-manager (212) 449-4600
Salomon Smith Barney Co-manager (212) 723-7300
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data 12/31/94 12/31/95 12/31/96 12/31/97 12/31/98 9/30/98 9/30/99
Revenues   46,063.000 48,449.000 50,688.000 51,577.000 53,223.000 39,695.000 46,057.000
Income from Oper.   7,393.000 5,169.000 8,709.000 6,836.000 7,487.000 4,301.000 8,418.000
Net Income   423.000 2,981.000 5,458.000 4,249.000 5,235.000 3,247.000 4,297.000
E.P.S   1.650 1.150 2.070 1.590 1.960 1.210 1.410
Revenue Growth (%)      5.18 4.62 1.75 3.191   16.03
Net Income Growth (%)      604.73 83.09 -22.15 23.21   32.34
Oper. Profit Margin (%)    16.05 10.67 17.18 13.25 14.07 18.28 10.84
Net Profit Margin (%)    0.92 6.15 10.77 8.24 9.84 9.33 8.18
Cash Flow - Oper.     - - -
Cash Flow - Inv.     - - -
Cash Flow - Fin.     - - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/99 Financial Ratios
Total Assets    161,806.00 Current Assets    - Current Ratio    -
Total Liab.    87,043.00 Current Liab.    - Debt Ratio    53.79%
Total Equity    74,763.00 Working Cap.    - Debt to Equity Ratio    1.16
Cash    -    Return on Assets   2.66%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wachtell, Lipton, Rosen & Katz
Bank's Law Firm  Davis, Polk & Wardwell
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 5/29/00 12:55:59 AM
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