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FirstMark Communications Europe S.A.
3 Rue Jean Piret, Luxembourg, Luxembourg L-2350
Business Description The company is a rapidly growing broadband Internet service provider of business-to-business network, voice, video and data communications, and on-net application/information technology services in Europe.
Filing
Information

Not yet
public

To Trade As  FMRK (NASNTL) Industry  Telecommunications (SIC 4813)
Type of Stock Offered American Depositary Receipts Filing Date  8/11/00
Domestic Shares Filed 0 Filing Price  - -
Foreign Shares Filed  0 Offering Amount  $225,000,000
Company Shares  0 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Lead Manager (212) 761-5900
ABN Amro Roth Co-manager (212) 314-1080
Salomon Smith Barney Co-manager (212) 723-7300
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data       12/31/98 12/31/99 3/31/99 3/31/00
Revenues   - - - 0.000 0.117 0.000 1.242
Income from Oper.   - - - -1.448 -24.631 -1.190 -26.221
Net Income   - - - -1.421 -29.990 -1.190 -31.063
E.P.S   - - - - - - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -17.96 -1.02 -21.47
Cash Flow - Inv.     15.37 -0.02 -16.82
Cash Flow - Fin.     21.11 1.07 34.62
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    279.69 Current Assets    41.57 Current Ratio    0.26
Total Liab.    192.13 Current Liab.    158.00 Debt Ratio    68.69%
Total Equity    87.56 Working Cap.    -116.43 Debt to Equity Ratio    2.19
Cash    17.89    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to build out the fiber optic network in Germany and to develop fiber optic networks in France and Spain, to install wireless local loop equipment in Finland, Germany, Luxembourg, Portugal, Spain and Switzerland, to roll out DSL services in Germany, to acquire new wireless local loop licenses, and for working capital and other general corporate purposes, including funding operating expenses, acquiring network assets and business development activities throughout Europe.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Fried, Frank, Harris, Shriver & Jacobson
Bank's Law Firm  Sullivan & Cromwell
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Benake L.P. 42.70  
Alberta Partnerships 8.50  
Sandler Capital 8.30  
Morgan Stanley Dean Witter Capital Partners IV, L.P. 7.60  
Welsh, Carson, Anderson & Stowe VIII, L.P. 7.20  
Goldman Sachs Group, Inc., The 5.10  
ABN AMRO Ventures, B.V. 5.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/20/00 7:02:46 PM
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