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| NETtel Communications, Inc. |
| 1023 31St. Street, N.W., Washington, DC 20007 * (202) 295-6600 |
| Business Description | The company is a nationwide integrated communications provider using state-of-the-art technology and a solutions-oriented sales approach focused on medium-sized business customers. |
|
Filing Information Not yet | |||
| To Trade As | NTTL (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 4/21/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $175,000,000 |
| 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 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| First Union Capital Markets Corp. | Co-manager | (804) 649-2311 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | ||
| Revenues | 0.000 | 0.012 | 3.662 | 13.224 | 31.413 | - | - |
| Income from Oper. | -0.075 | -0.529 | -1.960 | -20.771 | -47.430 | - | - |
| Net Income | -0.075 | -0.538 | -2.060 | -20.692 | -50.123 | - | - |
| E.P.S | -0.500 | -3.580 | -0.160 | -1.460 | -3.200 | - | - |
| Revenue Growth (%) | - | 30,416.67 | 261.11 | 137.545 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -36.79 | - | - | ||||
| Cash Flow - Inv. | -12.92 | - | - | ||||
| Cash Flow - Fin. | 71.28 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 88.32 | Current Assets | 30.74 | Current Ratio | 1.13 |
| Total Liab. | 125.71 | Current Liab. | 27.15 | Debt Ratio | 142.33% |
| Total Equity | -37.38 | Working Cap. | 3.59 | Debt to Equity Ratio | - |
| Cash | 22.52 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund the continued deployment of Phase I of the company's integrated data and voice network, the continued implementation of operational support systems, the expansion of the sales force and for working capital and other general corporate purposes including funding operating losses. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Swidler & Berlin, Chartered |
| Bank's Law Firm | Paul, Hastings, Janofsky & Walker |
| Registrar/Transfer Agent | First Union National Bank North Carolina |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Gold & Appel Transfer, S.A. | 47.00 | |
| Nortel Networks, Inc. | 10.90 | |
| Williams Communications, Inc. | 5.40 | |
| Note: represents ownership of 5% or more prior to the offering. | ||