FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of
the Securities Exchange Act of
1934, Section 17(a) of the
Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
/_/ Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instruction 1(b).
1. Name and Address of Reporting Person*: Varsavsky Martin
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(LAST) (FIRST) (MIDDLE)
Jazz Telecom, S.A.
Paseo de la Castellana 60
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(STREET)
Madrid, Spain 28046
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(CITY) (STATE) (ZIP)
2. Issuer Name and Ticker or Trading Symbol:
Viatel, Inc. VYTL
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year:
October 1998
5. If Amendment, Date of Original:
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer: (Check all applicable)
_____ Director
_____ Officer (give title below)
__X__ 10% Owner
_____ Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
__X_ Form filed by One Reporting Person
____ Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action (A) or Disposed of Securities ship of Indirect
Date Code (D) Beneficially Form: Beneficial
(Instr. 3, 4 and 5) Owned at Direct Ownership
End of (D) or
Month Indirect
(Instr. 3 (I)
and 4) (Instr. 4) (Instr. 4)
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(Month/
Day/ Code V Amount (A) Price
Year) or (D)
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Share, $.01 par value per share 12/1/97 S - 25,000 D 6.625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/8/97 S - 10,000 D 6.25 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/9/97 S - 5,000 D 6.25 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/15/97 S - 5,000 D 5.8125 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/17/97 S - 10,000 D 5.875 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/19/97 S - 27,500 D 5.875 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/22/97 S - 5,000 D 5.875 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 12/29/97 S - 8,500 D 5.625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 1/8/98 S - 97,500 D 6.1875 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 1/8/98 S - 10,000 D 6.25 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 1/13/98 S - 5,000 D 6.625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/3/98 S - 75,000 D 12.0625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/6/98 S - 25,000 D 13.0625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/6/98 S - 75,000 D 13.125 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/6/98 S - 5,000 D 13.25 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/13/98 S - 10,000 D 11.625 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/14/98 S - 15,000 D 11.125 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/20/98 S - 25,000 D 10.875 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/20/98 S - 70,000 D 11.00 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 4/21/98 S - 80,000 D 11.00 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 5/11/98 S - 5,000 D 9.50 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 5/14/98 S - 15,000 D 8.25 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 5/14/98 S - 10,000 D 8.375 D
- ------------------------------------------ ---------- ------ ---- -------- ------- -------- ------------- -------------- -----------
Common Share, $.01 par value per share 10/2/98 J(FN1) - 80,000 D See FN1 5,369,666 D
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</TABLE>
FN1: These shares were transferred by the Reporting Person to certain executives
of the Company. No consideration was paid to the Reporting Person for
these shares.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
<PAGE>
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options,
convertible securities)
1. Title of Derivative Security:
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security:
3. Transaction Date:
(Month/Day/Year)
4. Transaction Code:
(Instr. 8)
Code V
5. Number of Derivative Securities Acquired (A) or Disposed of (D):
(Instr. 3, 4 and 5)
(A) (D)
6. Date Exercisable and Expiration Date:
(Month/Day/Year)
Date Exercisable Expiration Date
7. Title and Amount of Underlying Securities:
(Instr. 3 and 4)
Title Amount or Number of Shares
8. Price of Derivative Security:
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Month:
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
(Instr. 4)
11. Nature of Indirect Beneficial Ownership:
(Instr. 4)
** Intentional misstatements or omissions /s/ Martin Varsavsky
of facts constitute Federal Criminal ---------------------------
Violations. See 18 U.S.C. 1001 and ** Signature of Reporting Person
15 U.S.C. 78ff(a).
Date: 11/9/98
Note: File three copies of the Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
