AMERICAN MOBILE SATELLITE CORP
8-K, 1999-06-09
COMMUNICATIONS SERVICES, NEC
Previous: CENTERTRUST RETAIL PROPERTIES INC, DEF 14A, 1999-06-09
Next: INTERNATIONAL ASSETS HOLDING CORP, 4, 1999-06-09





                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





                                    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 reported event): June 7, 1999



                      AMERICAN MOBILE SATELLITE CORPORATION
             (Exact name of registrant as specified in its charter)





         Delaware                    0-23044                   93-0976127
      (State or other           (Commission File No.)         (IRS Employer
jurisdiction of incorporation                              Identification No.)
       or organization)




                            10802 Parkridge Boulevard
                           Reston, Virginia 20191-5416
                                 (703) 758-6000
               (Address, including zip code, and telephone number,
                 including area code, of registrant's principal
                               executive offices)







<PAGE>




ITEM 5.  Other Events


     On June  7,  1999,  American  Mobile  Satellite  Corporation  ("we"  or the
"Company")  entered into an Exchange  Agreement (the "Exchange  Agreement") with
WorldSpace  Inc.  ("WorldSpace")  and XM  Satellite  Radio  Holdings  Inc.  ("XM
Radio"),  a development stage company developing a digital quality radio service
to be transmitted  directly by satellite to car, home, and portable radios. When
the agreement closes,  we will acquire all of WorldSpace's  interest in XM Radio
in exchange for approximately 8.6 million shares of our common stock. After this
transaction,  we will own all of the  issued and  outstanding  stock of XM Radio
(subject to our interest being reduced as described below),  and WorldSpace will
not own any direct equity or debt interest in XM Radio.

     Concurrently  with  this  transaction,  XM  Radio  also  has  entered  into
agreements  pursuant  to which it will  issue an  aggregate  of $250  million of
Series A  subordinated  convertible  notes to several new  investors,  including
General Motors Corporation, Clear Channel Communications Inc., and DIRECTV, Inc.
XM Radio will use $75 million of the  proceeds it receives  from the issuance of
these notes to redeem certain  outstanding  loan obligations owed to WorldSpace.
We do not expect to provide any  material  financing  to XM Radio in  connection
with XM Radio's development of its business.

     These  transactions  are  subject  to  a  variety  of  closing  conditions,
including   WorldSpace   stockholder   approval  and  other  customary   closing
conditions.  We currently anticipate that the transactions will close by the end
of June 1999 or early July 1999.

     We will acquire all of  WorldSpace's  interest in XM Radio  (except for $75
million  of a credit  facility  extended  by  WorldSpace)  in  exchange  for our
agreement  to issue  approximately  8.6 million  shares of our common stock (the
"Exchange Transaction"). This Exchange Transaction will be effected as follows:

     WorldSpace will establish a new trust, XM Ventures.

     WorldSpace will transfer all of its right,  title and interest in XM Radio,
other than a portion of certain loans totaling $75 million issued by WorldSpace,
to XM Ventures.  The assets transferred to XM Ventures will include shares of XM
Radio  stock  owned  by  WorldSpace,   certain  other  indebtedness  payable  to
WorldSpace,  including  notes  convertible  into shares of XM Radio  stock,  and
options to acquire shares of XM Radio stock.

     XM  Ventures  will then  transfer  to  American  Mobile  all of the  assets
described  above  relating  to XM Radio  that it  receives  from  WorldSpace  in
exchange  for  8,618,244   shares  of  our  common   stock.   Of  these  shares,
approximately 6.4 million shares will be issued to XM Ventures at the closing of
the Exchange Transaction. We must obtain the approval of our stockholders before
we are able to issue the remaining  2.2 million to XM Ventures.  After we obtain
this stockholder approval, we will issue the remaining shares to XM Ventures.

     Using part of the proceeds  from the issuance of its Series A  subordinated
convertible  notes described  below, XM Radio will pay WorldSpace $75 million to
redeem the outstanding loans payable to WorldSpace.

     Concurrently with the above  transactions,  XM Radio will be recapitalized.
We will hold 125 shares of XM Radio Class B stock, which will be the only shares
of XM Radio's capital stock that will be outstanding.  We will also hold certain
XM Radio debt,  convertible  into Class B common stock and  subordinated  to the
Series A convertible  notes. The Class B stock of XM Radio will have three votes
per share. XM Radio also will have Class A common stock entitled to one vote per
share. The Class B stock of XM Radio will be convertible into Class A stock upon
the occurrence of certain events.

     At the  closing  of the  Exchange  Transaction,  XM  Radio  will  issue  an
aggregate of $250 million of Series A subordinated  convertible notes to six new
investors -- General  Motors,  $50 million;  Clear Channel  Communications,  $75
million;  and DIRECTV,  $50 million;  and Columbia  Capital,  Telecom  Ventures,
L.L.C. and Madison Dearborn, $75 million.  The Series A convertible notes issued






<PAGE>


by XM Radio will be convertible  into shares of either XM Radio's Class A common
stock or XM Radio Series A  convertible  preferred  stock at the election of the
holders or upon the  occurrence of certain  events,  including an initial public
offering of a prescribed  size.  On a fully diluted basis after giving effect to
the conversion of all  then-outstanding  convertible  notes of XM Radio, we will
own slightly less than 40% of the equity of XM Radio, and we will have in excess
of 60% of the voting  power in XM Radio,  assuming  exchange  of the Baron Asset
Fund exchangeable note previously reported.

     Except for  affiliated  transactions,  we will not be permitted to transfer
any of our shares of XM Radio's  common  stock  until the earlier of the date on
which XM Radio begins commercial  operations or one year after the closing of an
initial public offering of shares of XM Radio.  Shares of XM Radio Class B stock
are transferable to non-affiliates  only upon conversion into shares of XM Radio
Class A stock.

     Upon  closing  of the  transaction,  XM Radio  will also  sign a  long-term
distribution  agreement  with  General  Motors.  Under this  agreement,  GM will
exclusively  distribute  and market XM Radio  service in GM  vehicles,  and will
factory  install  XM  Radio  receivers,  manufactured  by  XM  Radio's  consumer
electronics partners, in both cars and trucks.






<PAGE>



                    Item 7. Financial Statements and Exhibits

(c)  Exhibits

The following documents are filed as exhibits to the report:

     Press Releases of the Company and XM Radio dated June 8, 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.

                                        AMERICAN MOBILE SATELLITE
                                        CORPORATION



                                        By:/s/Walter V. Purnell, Jr.
                                           Walter V. Purnell, Jr.
                                           President and Chief Executive Officer


                                        Date:  June 8, 1999







<PAGE>

                               EXHIBIT INDEX

Exhibit
Number         Exhibit

99.1  --       American Mobile Satellite Corporation Press Release dated June 8,
               1999 (filed herewith).

99.2  --       XM Satellite Radio Corporation  Press Release  dated June 8, 1999
               (filed herewith).


                                                                   EXHIBIT 99.1

                       AMERICAN MOBILE ANNOUNCES AGREEMENT
              TO ACQUIRE REMAINING INTERESTS IN XM SATELLITE RADIO

              WorldSpace To Receive Stock for Debt And Equity Stake
            Strategic Financial Partners To Invest $250 Million in XM




Reston,  Va. - June 8, 1999 - American  Mobile  Satellite  Corporation  (NASDAQ:
SKYC) today  announced that it has agreed to acquire all of  WorldSpace,  Inc.'s
debt and equity  interests in XM  Satellite  Radio Inc. of  Washington,  DC that
would return XM to its previous status as a wholly-owned  subsidiary of American
Mobile.  WorldSpace's  position  in XM would be  acquired  in  exchange  for 8.6
million shares of American Mobile stock, following the retirement of $75 million
of WorldSpace debt by XM.

In a related and concurrent announcement,  XM reported a $250 million investment
commitment by industry leaders DIRECTV, Clear Channel Communications and General
Motors  Corporation,  along with financial  investors  Telcom  Ventures  L.L.C.,
Columbia Capital and Madison Dearborn Partners.

"Since our earliest involvement with digital audio radio service (DARS), we have
viewed XM Radio as an extraordinary business opportunity," said Gary M. Parsons,
chairman  of  both  American  Mobile  and  XM.  "We  are  extremely  pleased  to
consolidate  our  leadership  position in this  emerging  market.  And, with the
combination of our recently  announced wireless email initiative eLink (sm), and
our expanded stake in XM, we are excited about the growth potential and enhanced
market position of American Mobile."

In addition to the investment  agreements,  XM separately  announced a long-term
distribution  agreement with General  Motors.  General  Motors will  exclusively
distribute  and market XM service and will factory  install  AM/FM/XM-compatible
radios  in  new  GM  cars  and  trucks.   In  remarks   addressing  the  related
announcements,  Parsons noted,  "The quarter billion dollar investment from this
'dream  team' of industry  leaders is a  tremendous  vote of  confidence  in the


<PAGE>



future of satellite radio and XM. As important as the investment,  however,  are
the related  programming,  operational,  advertising and distribution  alliances
that these new investor companies provide to XM Radio."

The $250 million  investment in XM is in the form of convertible debt.  Assuming
conversion of all such convertible debt to equity,  American Mobile's  financial
interest  in XM will be reduced to slightly  less than 40 percent,  but it would
retain in excess of 60 percent of the voting power in XM at that time.  American
Mobile  anticipates that the closing of these concurrent  transactions will take
place within 30 days,  following  receipt of certain  stockholder  approvals and
other conditions.


XM Satellite Radio Inc. is committed to becoming  America's "next band of radio"
by delivering  up to 100 channels of digital  audio  service with  crystal-clear
sound from coast to coast.  For less than $10 a month,  subscribers will receive
the best, most compelling mix of  digital-quality  music, talk, news, sports and
entertainment  formats  available.  The company,  formerly American Mobile Radio
Corporation,  obtained one of only two  satellite  digital  audio radio  service
(SDARS) licenses from the FCC in October,  1997. First there was AM, then FM and
now XM, the next  generation of radio.  For more  information,  please visit the
company's web site at www.xmradio.com.


American   Mobile   (www.ammobile.com)   owns   and   operates   an   integrated
terrestrial/satellite network and provides a wide range of mobile communications
services,  including  digital voice  dispatch,  data  communications,  dual-mode
mobile messaging,  position  reporting  services and satellite  telephone to the
continental United States,  Alaska, Hawaii, Puerto Rico, the U.S. Virgin Islands
and hundreds of miles of U.S. coastal waters.  American Mobile services are used
in transportation,  field service, maritime and telemetry markets and with eLink
(sm) in the two-way wireless messaging market.

                                      # # #

Factors  that could cause  forward-looking  statements  in this news  release to
differ  materially  from the actual  results are  discussed  in American  Mobile
Satellite Corporation's Form 10K for the year ended December 31, 1998, and other
periodic  filings  the  company  has  made  with  the  Securities  and  Exchange
Commission.  Copies of the filings are  available  upon  request  from  American
Mobile Satellite Corporation's Investor Relations Department.





<PAGE>


                               ****PLEASE NOTE****
              American Mobile will hold an Analyst Conference Call
                   Today, Tuesday June 8th at 11:00 a.m. (EDT)
             Call-in Telephone Number: 888-243-0814 or 703-925-2401
          Replay Number: 888-266-2081 or 703-925-2533, password 1624727

For more information contact:
Eric Swank                                              Melissa Andrews
Director, Investor Relations                            XM Satellite Radio Inc.
American Mobile                                         301-320-5973
703-758-6121                                            [email protected]
[email protected]

Donald L. Campbell                                      Vicki Stearn
Director, Corporate Communications                      XM Satellite Radio Inc.
American Mobile                                         202-969-7070
703-758-6280                                            [email protected]
[email protected]



<PAGE>



                                                                   EXHIBIT 99.2



CONTACT:FOR IMMEDIATE RELEASE

Vicki Stearn 202-969-7070 [email protected]


                    CLEAR CHANNEL, DIRECTV, GENERAL MOTORS &
                    A PRIVATE INVESTMENT GROUP TAKE COMBINED
                               $250 MILLION STAKE
                              IN XM SATELLITE RADIO

     Strategic Alliance to Pursue $2 Billion Emerging Satellite Radio Market

       XM Also Inks Exclusive Agreement to Provide Service in GM Vehicles

June 8, 1999, Washington,  DC - Clear Channel Communications Inc., DIRECTV Inc.,
The General Motors  Corporation,  and a private  investment  group  comprised of
Columbia Capital,  Telcom Ventures L.L.C., and Madison Dearborn Partners hit the
accelerator  on the  emerging  satellite  radio  market by making a $250 million
combined  investment  commitment in XM Satellite Radio Inc. The announcement was
made today by Hugh Panero, President and CEO of XM.

XM is a  revolutionary  new  band  of  radio  that  will  capitalize  on  direct
satellite-to-receiver  broadcasting  technology to provide  listeners in the car
and at home with up to 100 channels of music, news, and entertainment  available
coast-to-coast  with  digital-quality  sound.  C.E.  Unterberg,  Towbin recently
estimated the market for satellite radio to be over $2 billion by 2005.

"XM is  thrilled to announce  this  dream-team  alliance  with  General  Motors,
DIRECTV,  and Clear Channel,  the largest car  manufacturer,  the largest direct
broadcast  satellite  company,  and one of the largest and most profitable radio
groups in the United  States,"  said Hugh  Panero,  "as well as  entrepreneurial
investors like Columbia  Capital,  Telcom Ventures and Madison Dearborn Partners
with their vast experience in the telecommunications sector."

"Our business is delivering  satellite  digital radio primarily to the car where
most  radio  listening  is done,  and  these  companies  with  their  respective
expertise in the automotive, direct broadcast satellite, telecommunications, and
radio businesses give new meaning to the term strategic partner," Panero added.



<PAGE>






Page Two

                       Partners Provide Expertise, Capital

To  facilitate  the  transaction  announced  today,  American  Mobile  Satellite
Corporation, XM's majority shareholder,  purchased the remaining equity and debt
interests previously held by WorldSpace,  Inc.  Simultaneously,  General Motors,
Clear Channel,  DIRECTV,  and the private investment group comprised of Columbia
Capital,  Telcom  Ventures,  and  Madison  Dearborn  Partners  made  a  combined
investment of $250 million in XM convertible  debt, with $75 million each coming
from Clear Channel and the private  investment group and $50 million each coming
from General Motors and DIRECTV.

Gary Parsons,  Chairman of American  Mobile as well as Chairman of XM, said, "XM
has a bright future and we're delighted to be allying with such an extraordinary
group of strategic  partners.  XM has  accomplished an impressive  amount in the
last  year,  creating  a new  brand  identity,  hiring an  outstanding  slate of
executives,  and closing  deals with more than a dozen elite  manufacturing  and
programming companies."

In addition to their  investments,  both Clear  Channel and DIRECTV will develop
differentiated  entertainment  services for XM utilizing channel capacity on the
XM service.  In  addition,  DIRECTV  will  provide its  expertise to support the
implementation  of  XM's  customer  service,  billing,  and  conditional  access
capabilities.  The two companies will also explore other areas of cooperation in
the future.

"We are always  exploring ways of  complementing  our existing assets to produce
value for our shareholders. Examples of this effort include our ongoing internet
strategy,  our  investment in USA Digital,  and now our  investment in XM Radio.
Every day we help thousands of local  businesses  across the nation market their
products  and  services  through  our FM and AM radio  stations,  as well as our
television stations and outdoor displays.  We will soon have the further ability
to serve entirely new categories of listeners and advertisers  through this new,
truly  national  distribution  platform."  said Lowry Mays,  Chairman and CEO of
Clear Channel.

"As the pioneer of the direct broadcast satellite television  industry,  DIRECTV
is pleased to become a partner with XM in the emerging satellite radio business.
XM will offer commuters fresh, new satellite-direct  audio entertainment options
much like DIRECTV has done in delivering  unparalleled  choices in multi-channel
entertainment  to millions  of  households  across the  country.  The  synergies
between our companies are obvious," said Eddy Hartenstein, President of DIRECTV.

In a joint  statement,  Rajendra Singh,  Telcom Ventures  founder,  Jim Fleming,
Columbia  Capital,  Managing  Director  and  Jim  Perry  Jr.,  Madison  Dearborn
Partners,  Managing  Director,  commenting on the  investment  said, "We are big
believers in satellite radio as an entertainment and data delivery system to the
car. XM is a terrific investment and we are excited to be part of it."


<PAGE>





Page Three

                   XM Inks Exclusive Deal with General Motors
                      To Provide XM Service in GM Vehicles

In  addition  to the  investment  deal  announced  today,  XM also  announced  a
long-term  distribution  agreement  with  General  Motors.  GM will  exclusively
distribute  and market XM service in GM  vehicles.  General  Motors will factory
install  AM/FM/XM-compatible  radios,  manufactured by XM's consumer electronics
partners, in both cars and trucks.

"We're  delighted to be partnering with the auto industry market leader to bring
satellite radio to the car. The factory  installation of XM-compatible radios in
cars and trucks is a huge step towards  making XM radio as  ubiquitous  as AM/FM
radios and cassette players are today," said XM's Panero.

                        XM Prepares for Commercial Launch

In the last year, XM has made best-of-brand  alliances with electronics industry
leaders  Alpine,  Pioneer,  Sharp,  and Delphi Delco to design,  manufacture and
market AM/FM/XM radios for the car, home, and portable radio market.

XM has also cut more than a dozen major  programming  deals including USA TODAY,
the nation's largest selling newspaper; CNNfn, The Financial Network; CNN/Sports
Illustrated;  CNN en Espanol;  BET and Radio One, leaders in cable TV and radio,
respectively,  with six  exclusive XM channels  designed for  African-Americans;
Bloomberg News Radio; C-SPAN Radio; One-On-One Sports, the nation's largest live
24-hour  sports talk radio network;  Hispanic  Broadcast  Corporation  (formerly
Heftel  Broadcasting  Corp.),  the  country's  largest   Spanish-language  radio
broadcaster,  with five  Spanish-language  channels  exclusively  for XM;  Salem
Communications  Corporation,  the nation's premier Christian  broadcaster,  with
three channels  exclusively for XM; and AsiaOne,  a major provider of Asian news
and entertainment.

Subscribers  will  receive  the XM signal  using one of four  radio and  antenna
configurations: an easily connected portable XM adapter for existing car radios;
a line of AM/FM/XM replacement radios available through consumer electronics and
car audio  retailers;  an AM/FM/XM  system factory or dealer  installed into new
model cars;  and portable  radios and  component  audio systems for the home and
office.  It is  anticipated  that the XM service and  XM-capable  radios will be
available in a wide variety of retail outlets.

XM radio service will be available  utilizing two high-powered  satellites built
by Hughes Space & Communications  International  and Alcatel,  and launched from
Boeing's SeaLaunch platform. XM is also building a terrestrial network, which is
being designed by LCC  International,  the world's largest wireless  engineering
and design  companies  and an  affiliate of Telcom  Ventures.  XM will begin its
operations at the end of 2000 with commercial service available in the U.S. from
coast to coast in 2001.

                                      # # #

Page Four

American Mobile Satellite Corporation (NASDAQ:SKYC) (www. ammobile.com) owns and
operates an integrated  terrestrial/satellite  network and provides a wide range
of mobile  communications  services,  including  digital  voice  dispatch,  data
communications,  dual-mode mobile  messaging,  position  reporting  services and
satellite  telephone to the continental United States,  Alaska,  Hawaii,  Puerto
Rico,  the U.S.  Virgin  Islands and hundreds of miles of U.S.  Coastal  waters.
American Mobile services are used in  transportation,  field service,  maritime,
two-way   messaging   and   telemetry   markets.   Factors   that  could   cause
forward-looking  statements in this news release to differ  materially  from the
actual results are discussed in American Mobile Satellite Corporation's Form 10K
for the year ended December 31, 1998, and other periodic filings the company has
made with the  Securities  and  Exchange  Commission.  Copies of the filings are
available upon request from American  Mobile  Satellite  Corporation's  Investor
Relation Department.

Clear Channel  Communications,  Inc. (NYSE:CCU) is a globally  diversified media
and outdoor  advertising  company and is a world  leader in  out-of-home  media.
Including all pending  acquisitions,  Clear Channel  operates,  or is affiliated
with,  625 radio  stations,  19 television  stations and  approximately  302,000
outdoor advertising displays in 26 countries worldwide.  Clear Channel also owns
29% of Hispanic  Broadcast  Corporation  (formerly  Heftel  Broadcasting  Corp.)
(NASDAC:  HBCCA), the largest  Spanish-language  radio broadcaster in the United
States. Clear Channel's stock is traded on the New York Stock Exchange under the
symbol "CCU."

Columbia Capital,  LLC ("Columbia Capital") is one of the premier private equity
firms focused  exclusively  on the  communications  and  information  technology
industries,  investing in both emerging service  providers and innovative,  next
generation technologies.  The principals of Columbia Capital have been investing
in  communications  and technology for over a decade and Columbia Capital is the
manager of Columbia Capital Equity Partners II, L.P., a $420 million  investment
fund raised in 1999. Columbia Capital is located in Alexandria, Virginia.

DIRECTV is the nation's  leading  provider of digital  television  entertainment
service  with more  than 7 million  subscribers,  including  subscribers  to the
recently acquired  PRIMESTAR  medium-power  direct broadcast  satellite service.
DIRECTV and Commercial Choice are trademarks of DIRECTV,  Inc., a unit of Hughes
Electronics  Corporation.  The  earnings  of  Hughes  Electronics  are  used  to
calculate the earnings per share attributable to GMH common stock.

General Motors Corp. Founded in 1908, General Motors (NYSE:GM)  (www.gm.com) has
grown into the world's  largest  industrial  corporation  and full-line  vehicle
manufacturer.  In 1998, the company  employed  approximately  594,000 people and
partnered with over 30,000  supplier  companies  worldwide.  As the largest U.S.
exporter of cars and trucks, and having  manufacturing,  assembly,  or component
operations in 50  countries,  General  Motors has a global  presence in over 190
countries.  Along with  designing,  manufacturing,  and  marketing  of vehicles,
General  Motors  has  substantial  interests  in  telecommunications  and space,
consumer  and  automotive   electronics,   financial  and  insurance   services,
locomotives, and heavy-duty automatic transmissions.

Madison  Dearborn  Partners  Inc.  ("MDP")  is  one  of  the  largest  and  most
experienced  private  equity  investment  firms  in  the  United  States.  MDP's
principals  manage Madison  Dearborn Capital Partners III, up to a $2.22 billion
investment fund raised in 1998,  Madison  Dearborn  Capital Partners II, L.P., a
$925  million  investment  fund  raised in 1996,  and Madison  Dearborn  Capital
Partners, L.P., a $550 million investment fund raised in 1993. Previously, MDP's
principals built a $2 billion management buyout and venture capital portfolio at
First Chicago  Corporation.  MDP focuses on management buyout transactions and a
wide  range  of  other  private  equity  investments,  including  growth  equity
financings,  recapitalizations, and acquisition-oriented financing transactions.
MDP  focuses  on  investments   in  several   specific   industries,   including


Page Five

communications, natural resources, consumer, healthcare, and financial services.
MDP also invests in a broad spectrum of industrial firms.

Telcom Ventures,  L.L.C., through its affiliates, is engaged in a broad range of
entrepreneurial   activities  in  the  international   wireless   communications
industry. Telcom Ventures grew out of LCC International as the investment arm to
capitalize  on  emerging  opportunities  in  wireless  communication.  Since its
inception, Telcom Ventures has been a founding shareholder of cellular operation
consortia  in  Asia,  Europe  and  Latin  America.   Telcom  Ventures  has  also
successfully  developed  several  wireless  communication  companies,  including
Teligent   Inc.,   that  provide  voice,   information,   and  high  speed  data
communications both in the United States and throughout the world.

XM Satellite Radio (www.  xmradio.com) is committed to becoming  America's "next
band of radio" by  delivering  up to 100 channels of digital  audio service with
crystal-clear sound from coast to coast. For less than $10 a month,  subscribers
will receive the best, most compelling mix of digital-quality music, talk, news,
sports and entertainment formats available.  XM Satellite Radio Inc. is owned by
American Mobile Satellite Corporation (NASDAQ:SKYC). The company obtained one of
only two satellite digital audio radio service (SDARS) licenses from the Federal
Communications  Commission in October 1997.  First there was AM, then FM and now
XM, the next generation of radio.

                                     # # #

FOR ADDITIONAL INFORMATION:

American Mobile
Don Campbell 703-758-6280 [email protected]

Clear Channel Communications
Houston Lane 210-228-2828 [email protected]

Columbia Capital
Jim Fleming 703-519-2000 [email protected]

DIRECTV
Bob Marsocci 310-726-4656 [email protected]

General Motors
Mark Tanner 212-418-6380

Madison Dearborn Partners
Jim Perry Jr. 312-895-1220 [email protected]

Telcom Ventures L.L.C.
Rahul Prakash 703-706-3808 [email protected]


<PAGE>


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