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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Date of Report: June 16, 1999
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VERSATEL TELECOM INTERNATIONAL N.V.
(Exact name of Registrant as specified in its charter)
Paalbergweg 36
1105 BV Amsterdam-Zuidoost
The Netherlands
(Address of principal executive offices)
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Indicate by check mark whether the registrant files
or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby
furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ___ No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- N/A
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VERSATEL TELECOM INTERNATIONAL N.V.
FORM 6-K
ITEM 5. OTHER INFORMATION
On June 11, 1999, VersaTel Telecom International N.V.
(the "Company") acquired Svianed B.V., the third largest
provider of date services in The Netherlands. Svianed B.V. is
headquartered in Amsterdam, The Netherlands, and employs
approximately 60 people. Svianed B.V. complements VersaTel's
strategy by providing data services to approximately 50
customers, primarily in the financial services and banking
industry, including the principal social insurance
organization and the largest financial institution in The
Netherlands. These customers are served on a network which
connects to over 600 buildings and utilizes over 700 leased
lines covering approximately 6,000 kilometers. The Svianed
network has 50 regional points of presence and transports
traffic at speeds of up to 150 Mbps. Svianed B.V. had revenues
of NLG 56.7 million and EBITDA of NLG 17.4 million for the
year ended December 31, 1998. For the 3 months ended March 31,
1999, Svianed had revenues of NLG 15.6 million and EBITDA of
NLG 5.1 million.
The Company issued a press release relating to the
acquisition of Svianed B.V. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 6. EXHIBITS
The following exhibits are filed herewith:
Exhibit
Number Description
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99.1 Press release, dated June 3, 1999, announcing the
acquisition of Svianed B.V.
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SIGNATURES
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, on June 16, 1999.
VersaTel Telecom International N.V.
By: /s/ RAJ RAITHATHA
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Raj Raithatha
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
- -------- -----------
99.1 Press release, dated June 3, 1999, announcing the acquisition
of Svianed B.V.
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EXHIBIT 99.1
PRESS RELEASE
VersaTel Telecom Agrees to Acquire SVIANED
a stand-alone unit of Gak Holding
Amsterdam, June 3, 1999 - VersaTel Telecom International N.V., a rapidly
growing, competitive provider of telecom services in the Benelux, today
announced that it has signed a letter of intent to acquire 100 percent of the
outstanding stock of SVIANED B.V., one of the leading providers of data and
telecommunications network services located in The Netherlands.
Upon consummation of the acquisition, VersaTel will become the second largest
domestic data communications service providers in The Netherlands. In addition
to the design and operation of LAN/WAN and Virtual Private Networks (VPN),
SVIANED's offers its customers network management, consultancy and dial-in
services as well as other value added services. SVIANED targets large- and
medium-sized companies interested in long-term relationships and is one of the
top three providers of data and network services in The Netherlands.
SVIANED, a stand-alone unit of Gak Holding B.V., is headquartered in Amsterdam
and employs approximately 60 professionals experienced in the provisioning of
network services. With over 50 points of presence in The Netherlands, SVIANED's
advanced ATM/Frame Relay backbone network has an extensive geographical
footprint and allows the company to offer high-speed broadband connectivity to
its customers, including Internet access. In addition, SVIANED was the first
network service provider in The Netherlands to receive the Cisco Powered Network
certificate and is ISO-9001 certified for all business processes.
SVIANED will enable VersaTel to accelerate significantly its strategy of
providing customers with a broad range of telecommunications services, including
advanced data, Internet and network services. Transitioning SVIANED's extensive
data network traffic on to VersaTel's planned 2,400 kilometer, high-capacity
fiber optic network, will create substantial cost savings and economies of
scale.
Commenting on the acquisition, Gary Mesch, Managing Director and CEO of
VersaTel, stated "The acquisition of SVIANED will represent a major achievement
in VersaTel's transition from a switched international long distance service
provider to a facilities-based broadband network operator. Our customers will
significantly benefit from SVIANED's strong data and network service
capabilities."
Jan Niewold, Managing Director of SVIANED, commented "The combination of SVIANED
with VersaTel is an exciting partnership of complimentary broadband service
providers. VersaTel will enable SVIANED to significantly expand its product
offering to existing and new customers. Additionally, VersaTel's local access
fiber network will enable us to directly access customers over our own
infrastructure and thus ensure the bandwidth and service quality our customers
demand."
VersaTel Telecom International N.V. is a rapidly growing, competitive network
operator primarily focused on the Benelux, which consists of The Netherlands,
Belgium and Luxembourg, and is based in Amsterdam. Among the fastest growing
enterprises in the region, VersaTel's vision is to become the leading fully
integrated provider of local access, facilities-based broadband services,
including voice, data and Internet services for businesses in the densely
populated, high-income Benelux countries. Founded in
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October 1995, the Company holds full telecommunications licenses in Netherlands
and Belgium and has approximately 14,000 business customers and 350 employees.
VersaTel is currently building a world-class data and multimedia network to
provide business customers in 29 Benelux cities with communications services
equal to those enjoyed by large multinationals. News and information are
available at http://www.versatel.com/.
SVIANED B.V., headquartered in Amsterdam, The Netherlands, is a leading provider
of data and telecommunications network-services. The company offers data and
telecommunications network services, including LAN, WAN and VPN, as well as
other value added network services such as network management, consultancy and
Internet access services, to large- and medium-sized companies interested in
long-term relationships. SVIANED was separated and become a stand-alone unit in
1995 and operates an expansive network in The Netherlands with over 50 points of
presence. SVIANED is ISO 9001 certified and is serving over 100,000 people. News
and information are available at http://www.svianed.com/.
(Certain statements in this Press Release are "forward-looking statements"
within the meaning of The Private Securities Litigation Act of 1995. Such
statements are based on the current expectations of the management of VersaTel
Telecom International NV only, and are subject to a number of risk factors and
uncertainties, including but not limited to changes in technology and market
requirements, decline in demand for the company's products or services,
inability to timely develop and introduce new technologies, products and
services, loss of market share, pressure on pricing resulting from competition,
inability to maintain certain marketing and distribution arrangements, which
could cause the actual results or performance of the company to differ
materially from those described therein. For a more detailed description of the
risk factors and uncertainties affecting the company, refer to the Company's
reports to be filed from time to time with the Securities and Exchange
Commission.)
Note to Editors: The VersaTel logo is a registered trademark of VersaTel Telecom
International NV in The Netherlands, Belgium and Luxembourg.
Contacts:
Mark Lazar Victoria Kemanian
Manager, Investor Relations Executive Vice President - London Office
VersaTel Telecom International NV The Anne McBride Company
Tel: +31-20-430-4300 Tel: +44-171-417-9185
Stephanie Kies Lou Spoor
Manager, Marketing Communications Manager, Strategic Department
VersaTel Telecom International NV GAK Holding B.V.
Tel: +31-20-430-4300 Tel: +31-20-687-1610
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