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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 Internet and data communications services to business customers in selected European markets. |
|
Filing Information IPO has been | |||
| To Trade As | FMUS (NASNTL) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 5/5/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $250,000,000 |
| 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 |
| CS First Boston | Co-manager | (212) 325-2000 |
| DLJDirect, Inc. | Co-manager | (800) 825-5723 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | ||||
| Revenues | - | - | 0.000 | 0.000 | 2.316 | - | - |
| Income from Oper. | - | - | -6.394 | -15.947 | -77.532 | - | - |
| Net Income | - | - | -6.147 | -13.718 | -40.047 | - | - |
| E.P.S | - | - | -2.660 | -4.720 | -13.190 | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -56.40 | - | - | ||||
| Cash Flow - Inv. | -58.65 | - | - | ||||
| Cash Flow - Fin. | 145.47 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 403.17 | Current Assets | 110.12 | Current Ratio | 3.77 |
| Total Liab. | 464.37 | Current Liab. | 29.20 | Debt Ratio | 115.18% |
| Total Equity | -61.20 | Working Cap. | 80.92 | Debt to Equity Ratio | - |
| Cash | 52.28 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to redeem senior secured notes; to fund capital expenditures and operating losses associated with the rollout of telecommunications services; to acquire additional 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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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Chase Capital Partners and affiliates | 17.70 | |
| Telecom Partners II, L.P. and affiliates | 13.40 | |
| Centennial Fund V, L.P. and affiliates | 10.60 | |
| Spectrum Equity Investors II, L.P. and affiliates | 6.80 | |
| Media/Communications Partners III Limited Partnership and affiliates | 5.40 | |
| Capital Comunications CPDQ Inc. | 5.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||