NEWS RELEASE
For further information, please contact:
Jose Segrera
FirstCom Corporation
305-448-4422 (office)
[email protected]
FIRSTCOM CORPORATION ANNOUNCES
PUBLIC FILING OF PRELIMINARY PROXY MATERIALS
FOR AT&T LATIN AMERICA MERGER
FOR RELEASE WEDNESDAY, MARCH 22, 2000
Miami - FirstCom Corporation (Nasdaq: FCLX) today announced that it had filed
preliminary proxy materials on a public basis with the Securities and Exchange
Commission for the special meeting of FirstCom's shareholders to vote on the
previously-announced merger transaction with AT&T Latin America Corp.
Mr. Patricio E. Northland, Chairman of the Board, President and CEO of FirstCom
commenting on the public filing said: "FirstCom is pleased to have taken another
step towards completion of the merger with AT&T Latin America Corp. We continue
to work with our future partner AT&T Latin America Corp. to complete the merger
as quickly as possible. "
FirstCom Corporation is rapidly emerging as a premium provider of broadband
integrated Internet/data, voice and video communication services to business
customers in Peru, Chile and Colombia. FirstCom operates fiber optic ATM/IP
networks in these countries that provide 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.
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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 FirstCom's actual results or outcomes to be
materially different from those anticipated and discussed herein. Except for
historical information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and uncertainties,
including but not limited to economic, competitive, governmental and
technological factors detailed in FirstCom's filings with the Securities and
Exchange Commission which readers are urged to read carefully in assessing the
forward looking statements contained herein.
CONTACT: FirstCom Corporation Jose Segrera, Interim CFO 305/448-4422
[email protected] or Strategic Growth International, Inc. Richard Cooper
/ Rob Schatz 516/829-7111 [email protected]
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
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MAY ALSO BE OBTAINED FROM FIRSTCOM CORPORATION BY DIRECTING SUCH REQUEST TO
FIRSTCOM CORPORATION, 220 ALHAMBRA CIRCLE, CORAL GABLES, FLORIDA 33134, ATTN:
CHIEF FINANCIAL OFFICER, (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 FIRSTCOM PRELIMINARY
PROXY STATEMENT FILED WITH THE SEC.
