UNITED STATES
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 event reported): November 23, 1998
IFX CORPORATION
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(Exact name of Registrant as Specified in Its Charter)
Delaware 0-15187 36-3399452
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(State or Other Jurisdiction of (Commission file number) (I.R.S. Employer
Incorporation or Organization) Identification No.)
200 West Adams Street, Suite 1460
Chicago, Illinois 60606
(312) 419-9530
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(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
(312) 419-9530
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On November 24, 1998, IFX Corporation issued the press release attached
hereto as Exhibit 99.1 announcing that it has signed an agreement with
International Technology Investments, LC to form a joint venture to provide
Internet services, and make investments in Internet-related businesses, in Latin
America and other international markets. Pursuant to the agreement,
International Technology Investments, LC has purchased 500,000 shares of IFX
common stock and has acquired a right to purchase an additional 5.5 million
shares of IFX common stock. The formation of the joint venture and
consummation of the related transactions ultimately could result in a change of
control of IFX Corporation and, therefore, is contingent upon receiving approval
of a majority of the shareholders of IFX Corporation and upon receiving such
other consents, approvals and authorizations as may be required. Shareholder
approval will be sought at IFX Corporation's 1998 Annual Meeting of Shareholders
to be held on January 21, 1999.
The joint venture will be governed by that certain Subscription and Joint
Venture Agreement dated as of November 23, 1998 (a copy of which is attached
hereto as Exhibit 99.2) by and among IFX Corporation, Emerging Networks, Inc., a
corporation organized under the laws of the British Virgin Islands, and
International Technology Investments, LC, a Florida limited liability company.
The attached Subscription and Joint Venture Agreement is incorporated herein by
this reference.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
Exhibit Number Description of Exhibit
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99.1 Press release dated November 24, 1998
99.2 Subscription and Joint Venture Agreement dated
November 24, 1998
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.
IFX Corporation
By: /s/ Joel Eidelstein
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Joel Eidelstein,
President
Date: November 24, 1998
IFX CORPORATION
EXHIBIT INDEX
Exhibit Number Description of Exhibit
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99.1 Press release dated November 24, 1998
99.2 Subscription and Joint Venture Agreement dated November
24, 1998