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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 4, 1999
TIME WARNER TELECOM LLC
(Exact name of registrant as specified in its charter)
Delaware 333-53553-01 84-1465464
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5700 S. Quebec Street, Greenwood Village, CO 80111
(Address of principal executive offices) (zip code)
(303) 566-1000
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
Time Warner Telecom LLC ("Time Warner Telecom") issued a press
release on May 4, 1999, announcing that it had signed a definitive
agreement to consolidate its owwnership in MetroComm AxS L.P. ("MetroComm")
of Columbus, Ohio by acquiring the remaining 50% interest. Time Warner
Telecom expects to close the transaction following completion of its
proposed Initial Public Offering, subject to customary closing conditions,
including receipt of antitrust clearance and completion of the IPO. The
stockholders of MetroComm will receive shares of Time Warner Telecom Class
A Common Stock representing approximately 2% of the total equity of Time
Warner Telecom, after giving effect to the proposed IPO of 18 million
shares of Class A Common Stock.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(i) Exhibit 99: Press release dated May 4, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of New York,
State of New York, on May 4, 1999.
TIME WARNER TELECOM LLC
By: /s/ Paul B. Jones
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Name: Paul B. Jones
Title: Senior Vice President,
General Counsel and
Regulatory Policy
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EXHIBIT INDEX
Sequential
Exhibit No. Description of Exhibit Page Number
99 Press release dated May 4, 1999
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Exhibit 99
Time Warner Telecom
FOR RELEASE: MAY 4, 1999
Contact:
Mark A. Peters
[email protected]
(303) 566 - 1000
Time Warner Telecom Signs Agreement to Acquire Columbus
Operations
GREENWOOD VILLAGE, CO - (May 4, 1999) -- Time Warner Telecom
LLC, today announced it has signed a definitive agreement to consolidate
its ownership in MetroComm AxS L.P. of Columbus, Ohio by acquiring the
remaining 50% interest. Time Warner Telecom expects to close the
transaction following completion of its proposed Initial Public Offering,
subject to customary closing conditions, including receipt of antitrust
clearance and completion of the IPO.
The stockholders of MetroComm will receive shares of Time Warner
Telecom Class A Common Stock representing approximately 2% of the total
equity of Time Warner Telecom, after giving effect to the proposed IPO of
18 million shares of Class A Common Stock.
Time Warner Telecom, a fiber facilities-based integrated
communications carrier, offers business telephony, data and Internet access
services for medium and large businesses in 19 U.S. cities. In addition to
Columbus, Time Warner Telecom offers service in Cincinnati; Austin, Houston
and San Antonio, Texas; Charlotte, Greensboro and Raleigh, North Carolina;
Albany, Binghamton, New York City and Rochester, New York; Memphis,
Tennessee; Orlando and Tampa, Florida; Indianapolis, Indiana; Milwaukee,
Wisconsin; San Diego, California; and Honolulu, Hawaii. Time Warner Telecom
plans to enter Jersey City and Dallas later this year.
Headquartered in Greenwood Village, Colo., the company's website
is www.twtelecom.com.
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