AT&TLatinAmerica (ATTL)

[Drillbit]

Matt,
It is now the AT&T of Latin America and has a great future if what I'm reading about the strongly growing LA market is true. I followed the AT&T Canada deal some time back and know that this is a larger market so I am expecting splits in the not too distant future. We will be issuing a SPO of 35 MM shares soon. Morgan Stanley Dean Witter, Credit Suisse First Boston, Merrill Lynch, J.P. Morgan and Salomon Smith Barney are underwriting the offering. So you can see that we will be on the radar screen with all of the major firms.
About ATTL;
In November 1999, AT&T Corp. announced plans to form AT&T Latin America, a company that will merge the operations of Netstream, the Brazilian competitive local exchange carrier it acquired, and FirstCom, a publicly traded communications company with operations in Chile, Colombia and Peru.

AT&T Latin America will provide technologically advanced first mile data and voice connectivity, while providing the knowledge and experience to partner with business customers to make a lasting difference. It will establish a full range of quality business services, one-stop shopping and customer service in countries where it operates.

About AT&T Corp.

AT&T Corp (http://www.att.com) is among the world's premier voice, video and data communications companies, serving more than 80 million customers, including consumers, businesses and government. With annual revenues of more than $62 billion and 147,000 employees, AT&T provides services to customers worldwide. Backed by the research and development capabilities of AT&T Labs the company runs the world's largest, most sophisticated communications network and has one of the largest digital wireless networks in North America.

About FirstCom Corporation

FirstCom Corporation operates as a publicly traded (Nasdaq: FCLX - news) competitive local exchange carrier in four major metropolitan business centers in Chile, Colombia and Peru. With annual revenues in 1999 of $38MM and approximately 650 employees at year-end, FirstCom owns and operates a technologically advanced, fiber optic IP/ATM backbone-network and provides a wide range of integrated communications services

Read some of the PR's a see that we have Brazil and other countries covered by acquisitions, I expect more.
Hope this helps, Andrew