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| GT Group Telecom, Inc. |
| Toronto, Canada |
| Business Description | The company is a competitive local exchange carrier, with offices in Toronto, Montreal, Vancouver, Calgary, Edmonton and Victoria. The company offers next-generation high-speed data, Internet applications and voice services to Canadian businesses over its own fiber optic network. |
| Offering Information Company has | |||
| Trading As | GTTLB (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Class B Nonvoting Shares | Filing Date | 2/18/00 |
| Domestic Shares Offered | 18,000,000 | Offer Date | 3/9/00 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 18,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.950 |
| Gross Proceeds | $252,000,000 | Selling | $0.570 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley Dean Witter | Co-manager | (212) 761-5900 |
| RBC Dominion Securities | Co-manager | (212) 361-2617 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |