SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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 event reported): January 17, 2001
VIATEL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-21261 13-3787366
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
Viatel, Inc.
685 Third Avenue
New York, New York 10017
(Address of Principal Executive Offices, Including Zip Code)
Registrant's telephone number, including area code: 212-350-9200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On January 17, 2001, Viatel, Inc. (the "Company") announced its intention
to streamline its operations by concluding its provision of consumer voice
services in certain countries and concentrating principally on the pan-European
communications needs of major corporations and carriers. The Company is
implementing its plan to enhance the focus on high-growth businesses in order to
strengthen its current financial profile and improve its EBITDA. The steps
involved in the Company's streamlining plan include (1) closing
consumer-oriented businesses in several European countries, (2) consolidating
operating units, and (3) reducing staff by an estimated 30%.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits.
The following exhibits are filed with this Report.
Exhibit No. Description.
99.1 Press release dated January 17, 2001.
2
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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.
VIATEL, INC.
Date: January 17, 2001. By: /s/ James P. Pernetta
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Name: James P. Prenetta
Title: Senior Vice President and
General Counsel
3
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release of Viatel, Inc. dated January 17, 2001.
