Guten Morgen!
Weise ausdrücklich nochmals daraufhin, dass bei Global Telesystems ( WKN 911087 ) durch eine Mantelspekulation bzw. durch Restrukturierungsankündigungen wieder Fanatsie da ist.
Wer ein paar Märker übrighat, könnte hier einen ähnlichen Hype wie bei e-net erleben...
NUR FÜR ZOCKER!
Hier die letzten News:
GTS Commences Restructuring Proceedings
Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement.
--------------------------------------------------
GTS Commences Restructuring Proceedings
LONDON - 15 November 2001 - Global TeleSystems, Inc. ("GTS") announced today that, as previously announced, it and its Global
TeleSystems Europe BV ("GTS Europe") subsidiary have commenced voluntary, "pre-arranged" reorganisation proceedings in the
United States; and that GTS Europe has initiated similar "Surseance" proceedings in the Netherlands. Both of these proceedings were
initiated to implement the planned acquisition of GTS`s Ebone and GTS Central Europe operating businesses by KPNQwest NV, which
was announced on 19 October 2001.
The day-to-day business operations of Ebone and GTS Central Europe will not be involved in these proceedings; the only debt to be
restructured under the proposed acquisition and restructuring will be GTS`s and GTS Europe`s publicly traded bond debt. Both GTS`s
and GTS Europe`s normal trade debt and obligations will be paid in full under these proposed plans of reorganisation. As previously
announced, GTS`s preferred and common shareholders will not receive any recovery under the terms of its proposed restructuring plan.
Both petitions were filed with the support of the informal committees representing the holders of GTS`s and GTS Europe`s publicly
traded debt. Approximately 67 percent of the approximately EUR1.1 billion outstanding principal amount of the publicly traded Senior
Notes issued by GTS Europe; approximately 78 percent of the approximately EUR116 million outstanding principal amount of the Senior
Notes issued by GTS; and approximately 35 percent of the approximately EUR362 million outstanding principal amount of Convertible
Debentures issued by GTS already have signed forbearance agreements committing them to support the proposed transaction, subject
to certain terms and conditions.
Grier C. Raclin, GTS Chief Administrative Officer and General Counsel, commented: "As we previously outlined, these voluntary
proceedings are being taken to effectuate the share purchase agreement with KPNQwest. They do not involve any of the other operating
subsidiaries of GTS, and both the proposed Dutch and US plans will call for their vendor claims to be paid in full. The day-to-day
businesses operations and functions of Ebone and Central Europe will continue as usual and should remain entirely unaffected by
these proceedings."
The US proceeding involving GTS, Inc. was implemented by converting the Chapter 7 bankruptcy petition filed previously against GTS,
Inc. into a voluntary Chapter 11 plan of reorganisation, with the agreement of the relevant petitioners.
end of ad-hoc-announcement (c)DGAP 15.11.2001
Issuer`s information/explanatory remarks concerning this ad-hoc-announcement:
About GTS (www.gts.com) GTS is the parent company of Ebone, one of the leading broadband optical and IP network service
providers in Europe, and GTS Central Europe, one of the leading providers of voice and data services across that region. Ebone`s fibre
optic network extends more than 25,000 kilometres, reaching virtually every major European city. Ebone also operates one of Europe`s
leading IP networks. GTS Central Europe has operations in the Czech Republic, Slovakia, Poland, Hungary and Romania. On 19
October 2001, GTS announced that it had signed a definitive share purchase agreement under which KPNQwest ("KPNQwest")
(NASDAQ and ASE: KQIP) has agreed to acquire, under the terms and conditions in the agreement and subject to normal regulatory
approvals, the business of Ebone and GTS Central Europe. For further information, please visit us at www.gts.com or
www.ebone.com.
GTS Contacts GTS Investors Steve Bond, Investor Relations Tel: +44(0)20 7769 8242; Fax: +44(0)20 7769 8057; Email:
investor-relations@gts.com
Houlihan Lokey Howard & Zukin (Investment Banking advisors) David Hilty or Tanja Aalto Tel: +1 212 497 4100; Email: dhilty@hlhz.com
or taalto@hlhz.com
GTS Media Olivia Harris, Press Officer Tel: +44 (0)20 7769 8295; Fax: +44 (0)20 7769 8053 Email: olivia.harris@gts.com
This press release may include forward-looking statements that involve risk and uncertainty. Although the company believes its
expectations and projections reflected in such forward-looking statements are based on reasonable assumptions, no assurance can
be given that such projections or expectations, including, without limitation, those relating to its future funding needs, will be fulfilled. Any
such forward-looking statement must be considered along with knowledge that actual events or results may vary materially from such
predictions due to, among other things, political, economic or legal changes in the markets in which GTS or GTS Europe do business,
competitive developments or risks inherent in the companies` business plan. Readers are referred to the documents filed by GTS and
GTS Europe with the U.S. Securities and Exchange Commission, specifically the most recent reports filed under the Securities
exchange Act of 1934 and registration statements filed pursuant to the Securities Act of 1933, which identify important risk factors.
-------------------------------------------------- WKN: 911087; Index: Listed: Amtlicher Handel in Frankfurt; Freiverkehr in
Berlin, München und Stuttgart
151325 Nov 01
Autor: DGAP import (),13:29 15.11.2001
MfG
Star Ikone
Weise ausdrücklich nochmals daraufhin, dass bei Global Telesystems ( WKN 911087 ) durch eine Mantelspekulation bzw. durch Restrukturierungsankündigungen wieder Fanatsie da ist.
Wer ein paar Märker übrighat, könnte hier einen ähnlichen Hype wie bei e-net erleben...
NUR FÜR ZOCKER!
Hier die letzten News:
GTS Commences Restructuring Proceedings
Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement.
--------------------------------------------------
GTS Commences Restructuring Proceedings
LONDON - 15 November 2001 - Global TeleSystems, Inc. ("GTS") announced today that, as previously announced, it and its Global
TeleSystems Europe BV ("GTS Europe") subsidiary have commenced voluntary, "pre-arranged" reorganisation proceedings in the
United States; and that GTS Europe has initiated similar "Surseance" proceedings in the Netherlands. Both of these proceedings were
initiated to implement the planned acquisition of GTS`s Ebone and GTS Central Europe operating businesses by KPNQwest NV, which
was announced on 19 October 2001.
The day-to-day business operations of Ebone and GTS Central Europe will not be involved in these proceedings; the only debt to be
restructured under the proposed acquisition and restructuring will be GTS`s and GTS Europe`s publicly traded bond debt. Both GTS`s
and GTS Europe`s normal trade debt and obligations will be paid in full under these proposed plans of reorganisation. As previously
announced, GTS`s preferred and common shareholders will not receive any recovery under the terms of its proposed restructuring plan.
Both petitions were filed with the support of the informal committees representing the holders of GTS`s and GTS Europe`s publicly
traded debt. Approximately 67 percent of the approximately EUR1.1 billion outstanding principal amount of the publicly traded Senior
Notes issued by GTS Europe; approximately 78 percent of the approximately EUR116 million outstanding principal amount of the Senior
Notes issued by GTS; and approximately 35 percent of the approximately EUR362 million outstanding principal amount of Convertible
Debentures issued by GTS already have signed forbearance agreements committing them to support the proposed transaction, subject
to certain terms and conditions.
Grier C. Raclin, GTS Chief Administrative Officer and General Counsel, commented: "As we previously outlined, these voluntary
proceedings are being taken to effectuate the share purchase agreement with KPNQwest. They do not involve any of the other operating
subsidiaries of GTS, and both the proposed Dutch and US plans will call for their vendor claims to be paid in full. The day-to-day
businesses operations and functions of Ebone and Central Europe will continue as usual and should remain entirely unaffected by
these proceedings."
The US proceeding involving GTS, Inc. was implemented by converting the Chapter 7 bankruptcy petition filed previously against GTS,
Inc. into a voluntary Chapter 11 plan of reorganisation, with the agreement of the relevant petitioners.
end of ad-hoc-announcement (c)DGAP 15.11.2001
Issuer`s information/explanatory remarks concerning this ad-hoc-announcement:
About GTS (www.gts.com) GTS is the parent company of Ebone, one of the leading broadband optical and IP network service
providers in Europe, and GTS Central Europe, one of the leading providers of voice and data services across that region. Ebone`s fibre
optic network extends more than 25,000 kilometres, reaching virtually every major European city. Ebone also operates one of Europe`s
leading IP networks. GTS Central Europe has operations in the Czech Republic, Slovakia, Poland, Hungary and Romania. On 19
October 2001, GTS announced that it had signed a definitive share purchase agreement under which KPNQwest ("KPNQwest")
(NASDAQ and ASE: KQIP) has agreed to acquire, under the terms and conditions in the agreement and subject to normal regulatory
approvals, the business of Ebone and GTS Central Europe. For further information, please visit us at www.gts.com or
www.ebone.com.
GTS Contacts GTS Investors Steve Bond, Investor Relations Tel: +44(0)20 7769 8242; Fax: +44(0)20 7769 8057; Email:
investor-relations@gts.com
Houlihan Lokey Howard & Zukin (Investment Banking advisors) David Hilty or Tanja Aalto Tel: +1 212 497 4100; Email: dhilty@hlhz.com
or taalto@hlhz.com
GTS Media Olivia Harris, Press Officer Tel: +44 (0)20 7769 8295; Fax: +44 (0)20 7769 8053 Email: olivia.harris@gts.com
This press release may include forward-looking statements that involve risk and uncertainty. Although the company believes its
expectations and projections reflected in such forward-looking statements are based on reasonable assumptions, no assurance can
be given that such projections or expectations, including, without limitation, those relating to its future funding needs, will be fulfilled. Any
such forward-looking statement must be considered along with knowledge that actual events or results may vary materially from such
predictions due to, among other things, political, economic or legal changes in the markets in which GTS or GTS Europe do business,
competitive developments or risks inherent in the companies` business plan. Readers are referred to the documents filed by GTS and
GTS Europe with the U.S. Securities and Exchange Commission, specifically the most recent reports filed under the Securities
exchange Act of 1934 and registration statements filed pursuant to the Securities Act of 1933, which identify important risk factors.
-------------------------------------------------- WKN: 911087; Index: Listed: Amtlicher Handel in Frankfurt; Freiverkehr in
Berlin, München und Stuttgart
151325 Nov 01
Autor: DGAP import (),13:29 15.11.2001
MfG
Star Ikone
