SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 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) February 12, 1999
GEOTEK COMMUNICATIONS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-17581 22-2358635
(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
102 Chestnut Ridge Road, Montvale, New Jersey 07645
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 201-930-9305
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On February 12, 1999, Geotek Communications, Inc. (the "Company") issued a
press release announcing that on February 12, 1999, the Company agreed to sell
all of its 191 900 MHz licenses to Nextel Communications, Inc. for a purchase
price of $150 million. The sale is subject to Bankruptcy Court and regulatory
approvals. A copy of the press release is attached hereto as Exhibit 99 and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
(99) Press Release dated February 12, 1999
<PAGE>
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 hereunto duly authorized.
GEOTEK COMMUNICATIONS, INC.
Date: February 12, 1999 By: /s/ Anne E. Eisele
---------------------------------
Name: Anne E. Eisele
Title Chief Financial Officer
Contact: 201-930-9305
GEOTEK TO SELL FCC LICENSES TO NEXTEL
Montvale, New Jersey - February 12, 1999 - Geotek Communications, Inc.
(OTC:GOTKQ), announced today that it has agreed to sell all of its 191 900 MHz
licenses to Nextel Communications, Inc. ("Nextel") for a purchase price of $150
million. The sale is subject to Bankruptcy Court and regulatory approvals,
including, inter alia, the modification to, or vacation of, a Consent Decree
between, among others, Nextel and The United States of America, which limits
Nextel's ability to acquire certain of Geotek's FCC licenses.
Geotek filed for Chapter 11 protection in June 1998. The sale of its 900
MHz licenses to Nextel is part of its plan to pursue the orderly wind-down of
its operations and liquidation of its assets. Geotek's equity holders are not
expected to receive any distributions pursuant to the Company's plan of
liquidation or reorganization.
###
