COMPANY: FIRSTCOM CORPORATION
TICKER: FCLX
EXCHANGE: NASDAQ SMALL CAP MARKET
FORM TYPE: 425
DOCUMENT DATE: JUNE 30, 2000
FILING DATE: JUNE 30, 2000
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: FirstCom Corporation
Commission File No.: 001-14107
For Further Information:
Lydia R. Rodriguez Adriana Vaccaro Dan Lawler
AT&T Latin America Keytech LD AT&T Corp.
305-774-2368 (office) 5411-4313-8181 (office) 908-221-2219 (office)
305-613-6767 (cell) 5411-4498-4673 (cell) 888-602-5418(pager)
[email protected] [email protected] [email protected]
AT&T LATIN AMERICA CLOSES
ACQUISITION OF KEYTECH LD IN ARGENTINA
MIAMI - Today AT&T Latin America, the AT&T subsidiary, and FirstCom,
which plan to merge, announced that AT&T Latin America has completed the
acquisition of Keytech LD in Argentina.
Keytech LD is a start-up operation with plans to offer integrated
services to business customers, including videoconferencing, domestic data
transmission, E-commerce services, Internet and value added services over its
own facilities. The company has nationwide licenses to provide domestic and
international long distance, data transmission and private networks beginning in
November 2000.
In November 1999, AT&T Corp. announced plans to form AT&T Latin
America, a company that will merge the operations of Netstream, the Brazilian
competitive local exchange carrier it acquired, and FirstCom, a publicly traded
communications company with operations in Chile, Colombia and Peru.
AT&T Latin America will provide technologically advanced first mile
data and voice connectivity, while providing the knowledge and experience to
partner with business customers to make a lasting difference. It will establish
a full range of quality business services, one-stop shopping and customer
service in countries where it operates.
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About AT&T Corp.
AT&T Corp (www.att.com) is among the world's premier voice, video and
data communications companies, serving more than 80 million customers, including
consumers, businesses and government. With annual revenues of more than $62
billion and 147,000 employees, AT&T provides services to customers worldwide.
Backed by the research and development capabilities of AT&T Labs the company
runs the world's largest, most sophisticated communications network and has one
of the largest digital wireless networks in North America.
About FirstCom Corporation
FirstCom Corporation operates as a publicly traded (NASDAQ: FCLX)
competitive local exchange carrier in four major metropolitan business centers
in Chile, Colombia and Peru. With annual revenues in 1999 of $38MM and
approximately 650 employees at year-end, FirstCom owns and operates a
technologically advanced, fiber optic IP/ATM backbone-network and provides a
wide range of integrated communications services.
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 AT&T Latin America and FirstCom's actual results or
outcomes to be materially different from those anticipated and discussed in this
press release. Except for historical information contained in this press
release, the matters discussed contain forward-looking statements that involve
risks and uncertainties, including but not limited to economic, competitive,
governmental and technological factors detailed in the preliminary proxy
statement described below, 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 United States Securities and Exchange Commission (the "SEC"), in
connection with the FirstCom/AT&T Latin America merger, FirstCom will file a
definitive proxy statement and AT&T Latin America 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
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such request to FirstCom Corporation, 220 Alhambra Circle, Coral Gables, Florida
33134, Attention: General Counsel, Thomas C. Canfield (305) 459-6300.
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.
