FIRSTCOM CORP
425, 2000-06-02
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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COMPANY: FIRSTCOM CORPORATION
TICKER:  FCLX
EXCHANGE NASDAQ SMALL CAP MARKET

FORM TYPE:        425

DOCUMENT DATE:    June 1, 2000
FILING DATE:      June 1, 2000

Pursuant to Rule 425 under the Securities Act of 1933
Subject company:      FirstCom Corporation
Commission File No.:  001-14107

FOR IMMEDIATE RELEASE

For more information contact:

Jose Segrera                                           Richard Cooper/Rob Schatz
FirstCom Corporation                                   Investor Relations
(305) 448-4422                                         (516) 829-7111
[email protected]                              [email protected]

                     FirstCom Files Amended Proxy Materials

CORAL GABLES, Fla., Jun 1, 2000 (BUSINESS WIRE) -- FirstCom Corporation (Nasdaq:
FCLX) ("FirstCom" or "the Company") an emerging facilities-based communications
provider with fiber optic networks in Chile, Peru and Colombia, reported today
that it had filed amended proxy materials at the request of the Securities and
Exchange Commission. The Company's filing was in furtherance of the completion
of the formal review process by the SEC of the proxy statement/prospectus
relating to FirstCom's pending merger with AT&T Latin America.

Patricio E. Northland, Chairman, President and CEO of FirstCom stated, "We
continue to work aggressively to complete our merger with AT&T Latin America. We
look forward to mailing a final proxy statement to our shareholders soon, after
completing the SEC review process."

FirstCom Corporation is rapidly emerging as a premium provider of broadband
integrated Internet/data, voice and video telecommunications services to
business customers in Chile, Peru and Colombia. FirstCom operates
state-of-the-art fiber optic ATM/IP networks in these countries providing
high-speed Internet/data connectivity that facilitates the delivery of content
to the business community. FirstCom also operates as a competitive long-distance
carrier in Chile and Peru.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The foregoing statements involve known and unknown risks and uncertainties
that may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein. The matters discussed in
this press release contain forward-looking statements that involve risks and

<PAGE>

uncertainties, including but not limited to economic, competitive, governmental
and technological factors detailed in the Company's filings with the Securities
and Exchange Commission (the "SEC") which readers are urged to read carefully in
assessing the forward looking statements contained herein.

In addition to FirstCom's filing of a preliminary proxy statement with the SEC,
in connection with the pending FirstCom/AT&T Latin America merger, FirstCom will
file a definitive proxy statement and AT&T will file a registration statement on
Form S-4 with the SEC. We urge investors and security holders to read the
definitive proxy statement and registration statement when they are available
before they make a decision concerning the merger. Security holders may obtain a
free copy of those documents (when available) and other documents filed by
FirstCom Corporation at the SEC's web site at www.sec.gov. In addition,
documents filed with the SEC by FirstCom may also be obtained from FirstCom
Corporation by directing such request to FirstCom Corporation, 220 Alhambra
Circle, Coral Gables, Florida 33134, Attention: General Counsel, Thomas C.
Canfield (305) 448-4422.

The Members of the Board of Directors of FirstCom Corporation are Patricio E.
Northland, George Cargill, Andrew Hulsh and David Kleinman. As of the date
hereof, there are no other "participants in the solicitation," within the
meaning of Rule 14a-12 under the Securities Exchange Act of 1934, as amended.
Information concerning the directors is set forth in the Preliminary Proxy
statement filed with the SEC.



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