GOLDMAN SACHS GROUP INC
SC 13D/A, 2000-09-01
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Previous: COVEST BANCSHARES INC, 8-K, 2000-09-01
Next: GOLDMAN SACHS GROUP INC, SC 13D/A, EX-99.14, 2000-09-01




                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934

                                (Amendment No. 2)

                        VoiceStream Wireless Corporation
            -------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
        ----------------------------------------------------------------
                         (Title of Class of Securities)



                                    928615103
      --------------------------------------------------------------------
                                 (CUSIP Number)


                            David J. Greenwald, Esq.
                              Goldman, Sachs & Co.
                                 85 Broad Street
                            New York, New York 10004
                                 (212) 902-1000

          -----------------------------------------------------------
            (Name, address and telephone number of person authorized
                     to receive notices and communications)


                                 August 26, 2000
    -----------------------------------------------------------------------
             (Date of Event which requires Filing of this Statement)

If a filing  person has  previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Goldman, Sachs & Co.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

                                                  [x ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
   NUMBER OF        0
    SHARES     -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          10,241,025
    EACH       -----------------------------------------------------------------
 REPORTING     9.   SOLE DISPOSITIVE POWER
   PERSON           0
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    10,276,025
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
     10,276,025
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     4.8%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     BD-PN-IA
--------------------------------------------------------------------------------


                                      -2-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     The Goldman Sachs Group, Inc.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
   NUMBER OF        69,541
    SHARES     -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          10,241,025
    EACH       -----------------------------------------------------------------
 REPORTING     9.   SOLE DISPOSITIVE POWER
   PERSON           69,541
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    10,276,025
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     10,345,566
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     4.8%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     HC-CO
--------------------------------------------------------------------------------


                                      -3-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     GS Advisors, L.L.C.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
  NUMBER OF         0
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          8,986,738
    EACH       -----------------------------------------------------------------
 REPORTING     9.   SOLE DISPOSITIVE POWER
   PERSON           0
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    8,986,738
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     8,986,738
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     4.2%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     OO
--------------------------------------------------------------------------------

                                      -4-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     GS Capital Partners, L.P.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
  NUMBER OF         0
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          8,986,738
    EACH       -----------------------------------------------------------------
  REPORTING    9.   SOLE DISPOSITIVE POWER
   PERSON           0
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    8,986,738
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     8,986,738
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     4.2%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     PN
--------------------------------------------------------------------------------


                                      -5-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Stone Street Fund 1992, L.P.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
  NUMBER OF         0
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          470,401
   EACH        -----------------------------------------------------------------
 REPORTING     9.   SOLE DISPOSITIVE POWER
  PERSON            0
   WITH        -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    470,401
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     470,401
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.2%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     PN
--------------------------------------------------------------------------------


                                      -6-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Bridge Street Fund 1992, L.P.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
  NUMBER OF         0
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          273,069
    EACH       -----------------------------------------------------------------
  REPORTING    9.   SOLE DISPOSITIVE POWER
   PERSON           0
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    273,069
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     273,069

--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.1%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     PN
--------------------------------------------------------------------------------

                                      -7-
<PAGE>


--------------------
CUSIP NO. 928615103
--------------------
--------------------------------------------------------------------------------
1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     Stone Street 1992, L.L.C.
--------------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                             (a)  [  ]
                                             (b)  [x ]
--------------------------------------------------------------------------------
3.   SEC USE ONLY

--------------------------------------------------------------------------------
4.   SOURCE OF FUNDS

     N/A
--------------------------------------------------------------------------------
5.   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
     REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
                                                  [  ]
--------------------------------------------------------------------------------
6.   CITIZENSHIP OR PLACE OF ORGANIZATION

     Delaware
--------------------------------------------------------------------------------
               7.   SOLE VOTING POWER
  NUMBER OF         0
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   SHARED VOTING POWER
  OWNED BY          743,470
    EACH       -----------------------------------------------------------------
  REPORTING    9.   SOLE DISPOSITIVE POWER
   PERSON           0
    WITH       -----------------------------------------------------------------
               10.  SHARED DISPOSITIVE POWER
                    743,470
--------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     743,470
--------------------------------------------------------------------------------
12.  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES
                                                  [  ]
--------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.3%
--------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON
     OO
--------------------------------------------------------------------------------

                                      -8-
<PAGE>


         Item 1. Security and Issuer.

         No change.

         Item 2. Identity and Background.

         No change.

         Item 3. Source and Amount of Funds or Other Consideration.

         No change.

         Item 4. Purpose of Transaction.

         No change.

         Item 5. Interest in Securities of the Issuer.

         Item 5 is hereby amended in its entirety as follows:

         (a) As of August 25, 2000, GS Capital and GS Advisors, through GS
Capital's beneficial ownership of 8,986,738 shares of Common Stock, may each be
deemed to have beneficially owned 8,986,738 shares of Common Stock, representing
approximately 4.2% of the 214,617,441 shares of Common Stock outstanding as of
July 31, 2000 (as reported in the Company's Form 10-Q filed on August 14, 2000
(the "Form 10-Q")).

         As of August 25, 2000, Stone Street may be deemed to have beneficially
owned 470,401 shares of Common Stock, representing approximately 0.2% of the
214,617,441 shares of Common Stock outstanding as of July 31, 2000 (as reported
in the Form 10-Q). As of August 25, 2000, Bridge Street may be deemed to have
beneficially owned 273,069 shares of Common Stock, representing approximately
0.1% of the 214,617,441 shares of Common Stock outstanding as of July 31, 2000
(as reported in the Form 10-Q). As of August 25, 2000, Stone Street LLC, through
Stone Street's and Bridge Street's collective beneficial ownership of 743,470
shares of Common Stock, may be deemed to have beneficially owned 743,470 shares
of Common Stock, representing approximately 0.3% of the 214,617,441 shares of
Common Stock outstanding as of July 31, 2000 (as reported in the Form 10-Q).

         As of August 25, 2000, Goldman Sachs may be deemed to have beneficially
owned 9,730,208 shares of Common Stock which as of such date may be deemed to
have been beneficially owned by the Limited Partnerships as herein described. In
addition, as of August 25, 2000, Goldman Sachs may be deemed to have
beneficially owned 535,989 shares of Common Stock held in Managed Accounts and
9,828 shares of Common Stock held as a result of ordinary course trading
activities of Goldman Sachs. Accordingly, as of August 25, 2000, Goldman Sachs
may be deemed to have beneficially owned approximately 4.8% of the 214,617,441
shares of Common Stock outstanding as of July 31, 2000 (as reported in the Form
10-Q).


                                      -9-
<PAGE>

         As of August 25, 2000, GS Group, through its direct beneficial
ownership of 68,821 shares of Common Stock, may be deemed to have beneficially
owned 68,821 shares of Common Stock, and may be deemed to have beneficially
owned 9,730,208 shares of Common Stock which as of such date may be deemed to
have been beneficially owned by the Limited Partnership as herein described. In
addition, as of August 25, 2000, GS Group may be deemed to have beneficially
owned 535,989 shares of Common Stock held in Managed Accounts and 9,828 shares
held as a result of ordinary course trading activities of Goldman Sachs in the
Common Stock. In addition, GS Group may be deemed to beneficially own 720 shares
of Common Stock issuable upon exercise of vested options held by Terence M.
O'Toole, a Managing Director of Goldman Sachs, for the benefit of GS Group.
Accordingly, as of August 25, 2000, GS Group may be deemed to have beneficially
owned approximately 4.8% of the 214,617,441 shares of Common Stock outstanding
as of July 31, 2000 (as reported in the Form 10-Q and including the 720 shares
issuable upon exercise of the aforementioned options held by Terence M. O'Toole
for the benefit of GS Group). Goldman Sachs and GS Group disclaim beneficial
ownership of the shares of Common Stock held in Managed Accounts.

         None of the Filing Persons or, to the knowledge of any of the Filing
Persons, any of the persons listed on Schedules I, II-A-i, II-A-ii, II-B-i or
II-B-ii to this statement, beneficially owns any shares of Common Stock as of
August 25, 2000, other than as set forth herein.

         (b) Each Filing Person shares the power to vote or direct the vote and
to dispose or direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in pages 2 through 8 above.

         (c) Schedule III sets forth the transactions in the shares of Common
Stock which have been effected during the period from July 26, 2000 through
August 25, 2000, all of which were effected in the ordinary course of business
of Goldman Sachs. The transactions in the Common Stock, described in Schedule
III, were effected in The Nasdaq National Market. Except as set forth in
Schedule III, no transactions in the Common Stock were effected by the Filing
Persons, or, to the knowledge of any such Filing Persons, any of the persons
listed on Schedules I, II-A-i, II-A-ii, II-B-i or II-B-ii hereto, during the
period from July 28, 2000 through August 25, 2000.

         (d) Except for clients of Goldman Sachs who may have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock held in Managed Accounts, no other
person is known by any Filing Person to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, any
shares of Common Stock beneficially owned by the Filing Person.

         (e) Not applicable.

                                      -10-
<PAGE>

         Item 6. Contracts, Arrangements, Understandings or Relationships
                 Involving Securities of the Issuer.

         Item 6 is hereby amended by adding the following paragraphs:

         Powertel Merger Agreement and Powertel Stockholder Agreement

         On August 26, 2000, the Company and Powertel, Inc. ("Powertel") entered
into a definitive Agreement and Plan of Reorganization (the "Powertel Merger
Agreement"), which provides for the merger (the "Powertel Merger") of a
subsidiary of the Company with and into Powertel. This merger will result in
Powertel's becoming a wholly owned subsidiary of VoiceStream. However, if the
merger between Deutsche Telecom AG ("DT") and the Company as provided for in the
Agreement and Plan of Merger, dated as of July 23, 2000, is consummated, the
Powertel Merger Agreement will terminate automatically and the Powertel Merger
will not occur, in which event Powertel will be acquired by and become a wholly
owned subsidiary of DT pursant to, and subject to the terms and conditions of, a
separate merger agreement entered into between DT and Powertel on August 26,
2000.

         GS Group, GS Capital, Bridge Street and Stone Street (collectively, the
"Goldman Entities") have entered into a stockholders agreement (the "Powertel
Stockholders Agreement") with the Company and Powertel as have other
stockholders of the Company pursuant to separate stockholder agreements. Those
other stockholders and the Goldman Entities beneficially own in the aggregate
more than 50% of the outstanding Common Stock. Pursuant to the Powertel
Stockholders Agreement, the Goldman Entities have agreed, and pursuant to those
separate agreements those other Company stockholders have agreed, to vote or
cause to be voted or provide a consent with respect to certain shares in favor
of the Powertel Merger Agreement and the other transactions referenced in the
Powertel Merger Agreement.

         Pursuant to the Powertel Stockholders Agreement, the Goldman Entities
have also agreed that beginning on the later of January 1, 2001 and the date of
the VoiceStream stockholders' meeting to approve the transactions contemplated
by the Powertel Merger Agreement until the first to occur of (1) the
consummation of the transactions contemplated by the Powertel Merger Agreement
and (2) the termination of the Powertel Merger Agreement, if the Goldman
Entities propose to transfer or exercise or propose to exercise registration
rights with respect to more than 25% of their shares of Common Stock, then the
Goldman Entities shall notify certain principal stockholders of Powertel of such
proposed transfer or exercise of rights at least three business days in advance
and waive any right of the Goldman Entities to preclude or delay the filing of a
registration statement or a transfer by such Powertel stockholders with respect
to their Powertel stock up to the amounts permitted under such Powertel
stockholders' agreements with the Company entered into in connection with the
Powertel Merger Agreement.

         Pursuant to the Powertel Merger Agreement, the Goldman Entities have
further agreed that for the six-month period following the consummation of the
transactions contemplated by the Powetel Merger Agreement, if the Goldman
Entities propose to transfer or exercise registration rights with respect to
more than such number of shares of Common Stock that the Goldman Entities are
permitted to transfer under Rule 144 promulgated under the Securities Act of
1933, as amended, then the Goldman Entities shall notify certain principal
stockholders of Powertel of such proposed transfer or exercise of rights at
least three business days in advance and, at the Goldman Entities' option,
either allow each such Powertel stockholder to include a proportionate
percentage of its shares of Common Stock in any registration statement requested
to be filed or waive any right of the Goldman Entities to preclude or delay the
filing of a registration statement with respect to the shares of Common Stock of
such Powertel stockholder up to the amounts permitted under such Powertel
stockholders' agreements with the Company entered into in connection with the
Powertel Merger Agreement.

         Amendment to Terms of First Amended and Restated Voting Agreement

         Pursuant to the Powertel Stockholders Agreement, the Goldman Entities,
together with other stockholders of the Company that are parties to the Voting
Agreement and the First Amended and Restated Voting Agreement (collectively, the
"Existing Voting Agreements") pursuant to the separate stockholders agreements
mentioned above, also agreed to execute and deliver prior to the closing of the
Powertel Merger an amendment of the Existing Voting Agreements to provide for
(1) the nomination of one Powertel representative to the Company's board of
directors who will be initially designated by the Powertel board of directors
and who must be reasonably satisfactory to the Company; (2) the creation of one
vacancy on the Company's board of directors; (3) the appointment of the Powertel
nominee to a newly created vacancy on the Company's board of directors; and (4)
an agreement to vote certain shares of Common Stock held by such stockholders
for such Powertel nominee at the first two annual meetings of the Company's
stockholders following the closing of the Powertel Merger. Pursuant to the
Powertel Stockholders Agreement, the Goldman Entities have also agreed with the
Company not to transfer any Common Stock until the later of January 1, 2001 and
the date of the Company stockholders' meeting in connection with the Powertel
Merger.

         The descriptions of the Powertel Merger Agreement and the Powertel
Stockholders Agreement contained herein are subject, and qualified in their
entirety by reference to, the Powertel Merger Agreement and the Powertel
Stockholders Agreement, respectively, each


                                      -11-
<PAGE>

of which has been made an exhibit to this amendment and is hereby incorporated
by reference in this Item 6.

         Except as described in this statement, none of the Filing Persons or,
to the knowledge of the Filing Persons, any of the persons listed on Schedules
I, II-A-i, II-A-ii, II-B-i or II-B-ii hereto is a party to any contract,
arrangement, understanding or relationship with respect to any securities of the
Company.

         Item 7. Material To be Filed as Exhibits.

99.1      The Voting Agreement (incorporated by reference to Exhibit 10.98 of
          the Schedule 13D filed on March 2, 2000 by John Stanton with respect
          to the Company).

99.2      The Registration Rights Agreement (incorporated by reference to the
          exhibit filed with VoiceStream Wireless Corporation's registration
          statement on Form 10/A).

99.3      Joint Filing Agreement, dated February 14, 2000, between Goldman,
          Sachs & Co., The Goldman Sachs Group, Inc., GS Capital Partners, L.P.,
          GS Advisors, L.L.C., Stone Street Fund 1992, L.P., Bridge Street Fund
          1992, L.P. and Stone Street 1992, L.L.C. (previously filed).

99.4      Power of Attorney, dated December 21, 1998, relating to Goldman, Sachs
          & Co. (previously filed).

99.5      Power of Attorney, dated May 7, 1999, relating to The Goldman Sachs
          Group, Inc. (previously filed).

99.6      Power of Attorney, dated January 31, 2000, relating to GS Capital
          Partners, L.P. (previously filed).

99.7      Power of Attorney, dated February 1, 2000, relating to GS Advisors,
          L.L.C. (previously filed).

99.8      Power of Attorney, dated December 16, 1999, relating to Stone Street
          Fund 1992, L.P. (previously filed).

99.9      Power of Attorney, dated December 16, 1999, relating to Bridge Street
          Fund 1992, L.P. (previously filed).

99.10     Power of Attorney, dated December 16, 1999, relating to Stone Street
          1992, L.L.C. (previously filed).

99.11     The Amended and Restated Voting Agreement, dated as of July 23, 2000
          (incorporated by reference to Exhibit 10.1 of the Form 8-K filed on
          July 28, 2000 by the Company).

99.12     The Stockholders Agreement between DT and the Goldman Entities, dated
          as of July 23, 2000 (previously filed).

99.13     The Agreement and Plan of Merger, dated as of July 23, 2000, between
          DT and the Company (incorporated by reference to Exhibit 2.1 of the
          Form 8-K filed on July 28, 2000 by the Company).

99.14     The Stockholders Agreement, dated as of August 26, 2000, among the
          Company and the Goldman Entities.


                                      -12-

<PAGE>

99.15     The Agreement and Plan of Reorganization, dated as of August 26,
          2000, between the Company and Powertel (incorporated by reference to
          Exhibit 2.1 of the Form 8-K filed on August 31, 2000 by the Company).

                                      -13-
<PAGE>


                                    SIGNATURE
                                    ---------

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:  September 1, 2000

                              GOLDMAN, SACHS & CO.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                   Name:   Roger S. Begelman
                                   Title:  Attorney-in-Fact

                              THE GOLDMAN SACHS GROUP, INC.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                   Name:   Roger S. Begelman
                                   Title:  Attorney-in-Fact

                              GS ADVISORS, L.L.C.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                   Name:   Roger S. Begelman
                                   Title:  Attorney-in-Fact

                              GS CAPITAL PARTNERS, L.P.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                   Name:   Roger S. Begelman
                                   Title:  Attorney-in-Fact

                              STONE STREET FUND 1992, L.P.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                    Name:  Roger S. Begelman
                                    Title: Attorney-in-Fact

                              BRIDGE STREET FUND 1992, L.P.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                    Name:  Roger S. Begelman
                                    Title: Attorney-in-Fact

                              STONE STREET 1992, L.L.C.

                              By:  /s/ Roger S. Begelman
                                   -----------------------------------
                                   Name:   Roger S. Begelman
                                   Title:  Attorney-in-Fact


<PAGE>


                                  SCHEDULE III
                                   -----------
                        VoiceStream Wireless Corporation
                               Cusip No. 928615103


<TABLE>
<CAPTION>
  Purchases      Sales       Price         Trade Date    Settlement Date
--------------------------------------------------------------------------------
<S>              <C>       <C>              <C>             <C>
                 1,933     135.555401       27-Jul-00       1-Aug-00
                   441     135.555397       27-Jul-00       1-Aug-00
                 4,042     135.555401       27-Jul-00       1-Aug-00
                   775     135.555394       27-Jul-00       1-Aug-00
                   883     135.555402       27-Jul-00       1-Aug-00
                   305     135.555410       27-Jul-00       1-Aug-00
                 3,211     135.555400       27-Jul-00       1-Aug-00
                   334     135.555389       27-Jul-00       1-Aug-00
                   563     135.555400       27-Jul-00       1-Aug-00
                 1,857     135.555401       27-Jul-00       1-Aug-00
                   152     135.555395       27-Jul-00       1-Aug-00
                   121     135.555372       27-Jul-00       1-Aug-00
                 1,095     135.555397       27-Jul-00       1-Aug-00
                 2,497     135.555398       27-Jul-00       1-Aug-00
</TABLE>

<PAGE>



                                  Exhibit Index
                                  -------------

99.1      The Voting Agreement (incorporated by reference to Exhibit 10.98 of
          the Schedule 13D filed on March 2, 2000 by John Stanton with respect
          to the Company).

99.2      The Registration Rights Agreement (incorporated by reference to the
          exhibit filed with VoiceStream Wireless Corporation's registration
          statement on Form 10/A).

99.3      Joint Filing Agreement, dated February 14, 2000, between Goldman,
          Sachs & Co., The Goldman Sachs Group, Inc., GS Capital Partners, L.P.,
          GS Advisors, L.L.C., Stone Street Fund 1992, L.P., Bridge Street Fund
          1992, L.P. and Stone Street 1992, L.L.C. (previously filed).

99.4      Power of Attorney, dated December 21, 1998, relating to Goldman, Sachs
          & Co. (previously filed).

99.5      Power of Attorney, dated May 7, 1999, relating to The Goldman Sachs
          Group, Inc. (previously filed).

99.6      Power of Attorney, dated January 31, 2000, relating to GS Capital
          Partners, L.P. (previously filed).

99.7      Power of Attorney, dated February 1, 2000, relating to GS Advisors,
          L.L.C. (previously filed).

99.8      Power of Attorney, dated December 16, 1999, relating to Stone Street
          Fund 1992, L.P. (previously filed).

99.9      Power of Attorney, dated December 16, 1999, relating to Bridge Street
          Fund 1992, L.P. (previously filed).

99.10     Power of Attorney, dated December 16, 1999, relating to Stone Street
          1992, L.L.C. (previously filed).

99.11     The Amended and Restated Voting Agreement, dated as of July 23, 2000
          (incorporated by reference to Exhibit 10.1 of the Form 8-K filed on
          July 28, 2000 by the Company).

99.12     The Stockholders Agreement between DT and the Goldman Entities, dated
          as of July 23, 2000 (previously filed).

99.13     The Agreement and Plan of Merger, dated as of July 23, 2000, between
          DT and the Company (incorporated by reference to Exhibit 2.1 of the
          Form 8-K filed on July 28, 2000 by the Company).

99.14     The Stockholders Agreement, dated as of August 26, 2000, among the
          Company and the Goldman Entities.

99.15     The Agreement and Plan of Reorganization, dated as of August 26,
          2000, between the Company and Powertel (incorporated by reference to
          Exhibit 2.1 of the Form 8-K filed on August 31, 2000 by the Company).



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission