EuroTel Bratislava, a.s.
FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a or 15d - 16 of
the Securities Exchange Act of 1934
Press Release
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EuroTel Bratislava, a.s.
(Exact name of co-registrant and parent guarantor as
specified in its Articles of Association)
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Vajnorska 100/A
831 03 Bratislava
Slovak Republic
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with rule 12g3-2(b):82 N/A
1
EuroTel
EUROTEL BRATISLAVA ANNOUNCES REPURCHASE OF
EURO 15 MILLION IN BONDS
Bratislava, October 11, 2001 - EuroTel Bratislava a.s. ("EuroTel") today
announced that the company has bought back Euro 15 million of its bonds for a
net consideration of Euro 15.7 million. The cumulative savings in future cash
interest payments are Euro 9.3 million and EuroTel's outstanding debt as of June
30, 2001, on a pro forma basis, would have been reduced to Euro 160 million.
The purchase of the bonds was conducted exclusively in a series of individual
open-market transactions. This bond issue, which is a Euro 175 million offering
of 11.25% Senior Guaranteed Notes due 2007, was delivered by EuroTel's financing
subsidiary Slovak Wireless Finance Company B.V. and guaranteed by EuroTel in
2000.
Jozef Barta, CEO of EuroTel, commented: "We viewed this repurchase as an
attractive opportunity to use some of our excess cash to lower our interest
expense. It is an indication as well as a result of EuroTel's solid
performance."
The transaction will result in an extraordinary charge of approximately Euro 0.9
million and Euro 0.2 million during the third and fourth quarter of 2001,
respectively.
For further information, please contact:
Ivan Bosnak Can Onen
Acting Chief Financial Officer Investor Relations
+421-2-4955-5114 +1-212-983-1702 x212
bosnaki@eurotel.sk investor_relations@eurotel.sk
or consult our web page at: http://www.eurotel.sk
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EuroTel is a leading telecommunications company in the Slovak Republic, offering
both mobile telecommunications services and managed data network services. As of
June 30, 2001, EuroTel's GSM and NMT mobile networks covered approximately 98%
of the Slovak Republic's 5.4 million population. EuroTel is owned 51% by Slovak
Telecom, a subsidiary of Deutsche Telekom AG (NYSE: DT; http://www.telekom.de),
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and 49% by Atlantic West B.V., a joint venture between subsidiaries of Verizon
Communications (NYSE: VZ; http://www.verizon.com) and AT&T Corp. (NYSE:T;
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http://www.att.com).
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This press release contains statements about expected future events and
financial results that are forward-looking and subject to risks and
uncertainties. For these statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. Listed below are some important factors which could affect
future results and could cause those results to differ materially from those
expressed in the forward-looking statements: material adverse changes in the
business environment in Slovakia, such as the devaluation of the Slovak Crown,
inflation levels above those in the U.S. and economic downturns; the effect of
changes in the regulatory environment in Slovakia; our ability to develop new
technologies and recruit and retain qualified personnel; our ability to obtain
the financing necessary to pursue business opportunities; and our ability to
adapt to rapid technological changes and significant competition. Readers are
cautioned not to place undue reliance on the aforementioned forward-looking
statements, which speak only as of the date hereof and EuroTel undertakes no
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events
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EuroTel Bratislava, a.s.
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 thereunto duly authorized.
EuroTel Bratislava, a.s.
Date: October 18, 2001
By: /s/ Jozef Barta
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Jozef Barta
Chief Executive Officer
By: /s/ Ivan Bosnak
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Ivan Bosnak
Acting Chief Financial Officer