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| StarBand Communications Inc. |
| 1760 Old Meadow Road, McLean, VA 22102 * (703) 287-3000 |
| Business Description | The company is the first nationwide provider of two-way, always-on, high-speed Internet access via satellite to residential and small office/ home office customers. We have deployed a proven and scalable network using leased capacity on existing communications satellites which we believe can provide our StarBand service today to any location in the United States with a clear view of the southern sky. |
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Filing Information Not yet | |||
| To Trade As | STRB (NASNTL) | Industry | Telecommunications (SIC 4899) |
| Type of Stock Offered | Common Shares | Filing Date | 10/11/00 |
| 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 |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| CS First Boston | Co-manager | (212) 325-2000 |
| ING Baring Furman Selz | Co-manager | (212) 309-8200 |
| 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 | 8/31/00 | ||||||
| Revenues | - | - | - | - | - | - | 0.007 |
| Income from Oper. | - | - | - | - | - | - | -68.577 |
| Net Income | - | - | - | - | - | - | -82.094 |
| E.P.S | - | - | - | - | - | - | -4.060 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -48.16 | ||||
| Cash Flow - Inv. | - | - | -99.14 | ||||
| Cash Flow - Fin. | - | - | 215.60 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 8/31/00 | Financial Ratios | ||||
| Total Assets | 158.86 | Current Assets | 81.92 | Current Ratio | 1.66 |
| Total Liab. | 235.63 | Current Liab. | 49.32 | Debt Ratio | 148.32% |
| Total Equity | -76.77 | Working Cap. | 32.60 | Debt to Equity Ratio | - |
| Cash | 68.30 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund the continued growth of business and operations and expand subscriber base and for general corporate purposes and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Clifford Chance |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Spacenet Inc. | 44.70 | |
| Microsoft G-Holdings, Inc. | 19.00 | |
| EchoStar Communications Corporation | 19.00 | |
| ING Furman Selz Investments | 7.70 | |
| Note: represents ownership of 5% or more prior to the offering. | ||