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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SPEEDUS.COM, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
847723103
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(CUSIP Number)
Richard A. Montfort, NEXTLINK Communications, Inc.
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500-108th N.E., Bellevue, WA 98004
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 13, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
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CUSIP No. 13D Page 2
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
NEXTLINK Communications, Inc.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
Working Capital WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
State of Delaware
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Number of Shares (7) Sole Voting
Beneficially Owned Power 2,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 2,000,000
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
10.2%
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 13D Page 3
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
EAGLE RIVER INVESTMENTS, L.L.C.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
STATE OF WASHINGTON
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Number of Shares (7) Sole Voting
Beneficially Owned Power 2,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 2,000,000
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.2%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 13D Page 4
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
CRAIG O. MCCAW
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
UNITED STATES
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Number of Shares (7) Sole Voting
Beneficially Owned Power 2,000,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 2,000,000
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.2%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, par value $.01 per
share ("Common Stock"), of SPEEDUS.COM, Inc., a Delaware
corporation ("SPEEDUS.COM"). The principal executive offices of SPEEDUS.COM
are located at 104 58th Street Suite 7E, Brooklyn, NY 11220.
ITEM 2. IDENTITY AND BACKGROUND
(a),(b),(c) The persons filing this statement are:
(1) NEXTLINK Communications, Inc. is a corporation formed under the
laws of the State of Delaware ("NEXTLINK"). The principal business of NEXTLINK
is the provision of high quality telecommunications services to business
customers. The address for NEXTLINK's principal business and principal office
is 500-108th N.E., Suite 2200, Bellevue, WA 98004.
(2) Eagle River Investments, L.L.C., is a limited liability company
formed under the laws of the State of Washington ("Eagle River"), and has
voting control of NEXTLINK. The principal business of Eagle River is to build
equity value for each of its members by acquiring, investing, holding, dealing
and disposing of securities, venture opportunities or other investments. The
address of Eagle River's principal business and principal office is 2300
Carillon Point, Kirkland, Washington 98033.
(3) Craig O. McCaw, individual ("Mr. McCaw") has voting and
management control of Eagle River Investments, which in turn has voting
control of NEXTLINK. Mr. McCaw serves as a director of NEXTLINK. Mr. McCaw's
business address is 2300 Carillon Point, Kirkland, Washington 98033.
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The executive officers and directors of NEXTLINK are as follows:
NEXTLINK Communications, Inc. Officers: Steven W. Hooper - Chairman,
Chief Executive Officer; George M. Tronsrue III - President, COO; Kathleen H.
Iskra - VP, CFO and Treasurer; Jan Loichle - VP, Chief Implementation
Officer; R. Bruce Easter, Jr. - VP, Secretary and General Counsel; R. Gerard
Salemme, Senior Vice President, External Affairs & Industry Relations; Tren
Griffin, Senior Vice President, Strategy; Doug Carter, Senior Vice President,
Chief Technology Officer; Michael McHale, Vice President, Chief Marketing
Officer.
NEXTLINK Communications, Inc. Directors: Craig McCaw; Steven W. Hooper;
Wayne M. Perry; Dennis Weibling; William A. Hogland; Nick Kauser; Jeffrey S.
Raikes; Sharon L. Nelson; Gregory J. Parker.
The executive officers of Eagle River are as follows: Craig O. McCaw,
Chairman, Dennis Weibling, President/Treasurer; William A. Hoglund,
Vice-President and Chief Financial Officer; and C. James Judson, Vice
President, Secretary and General Counsel. Each of Mr. Weibling, Mr. Hoglund
and Mr. Judson serves in the foregoing capacities as his present principal
occupation. The business address of each of Mr. McCaw, Mr. Weibling, Mr.
Hoglund and Mr. Judson is 2300 Carillon Point, Kirkland, Washington.
(d),(e) During the past five years, none of NEXTLINK, Eagle River, or
to the best knowledge of NEXTLINK or Eagle River, any of the above-named
executive officers of NEXTLINK or Eagle River, have been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
has been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) Each of the above-named executive officers and directors are citizens
of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
Working capital in the amount of $20,000,000 will be used to acquire the
shares of Common Stock.
ITEM 4. PURPOSE OF TRANSACTION
On June 13, 1999, NEXTLINK entered into a Stock Purchase Agreement with
SPEEDUS.COM pursuant to which it agreed to purchase 2,000,000 shares of
SPEEDUS.COM Common Stock. In connection with this agreement, NEXTLINK obtained
the right, after closing, to appoint one member to SPEEDUS.COM's board of
directors. Simultaneous with the execution of the Stock Purchase Agreement,
NEXTLINK entered into an agreement with SPEEDUS.COM pursuant to which NEXTLINK
agreed to purchase from SPEEDUS.COM a portion of the LMDS spectrum held by
SPEEDUS.COM pursuant to a license granted by the FCC.
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ITEM 5. INTEREST IN SECURITIES OF ISSUER
(a) The aggregate number of shares of SPEEDUS.COM Common Stock
beneficially owned by each reporting person covered by this statement is as
follows:
<TABLE>
<CAPTION>
Name Number of Shares Percentage
- ---- ---------------- ----------
<S> <C> <C>
NEXTLINK Communications, Inc. 2,000,000 10.2%
Eagle River Investments, L.L.C. 2,000,000(1) 10.2%
Craig O. McCaw 2,000,000(1) 10.2%
</TABLE>
(1) Includes 2,000,000 shares of SPEEDUS.com Common Stock owned by NEXTLINK.
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(b) Craig O. McCaw has voting control of Eagle River and Eagle River
has voting control of NEXTLINK. NEXTLINK will have, upon closing of the Stock
Purchase Agreement, the sole power to vote and direct the disposition of
2,000,000 shares of Common Stock.
(c) See Item 4.
(d) None.
(e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF ISSUER
See Item 4.
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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Eagle River Investments, L.L.C.
Dated: July 2, 1999 /s/ C. James Judson
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Date C. James Judson
Vice President, General Counsel and Secretary
Authorized Representative for
Craig O. McCaw
NEXTLINK Communications, Inc.
/s/ Richard A. Montfort
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Richard A. Montfort
Assistant Secretary
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