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To: Art Baeckel who wrote (21259)	8/8/2000 7:51:19 AM
From: Art Baeckel	Respond to of 22640

AT&T Latin American files to sell 35 mln shrs in U.S. Reuters Company News - August 07, 2000 17:55 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Jump to first matched term WASHINGTON, Aug 7 (Reuters) - The Latin America subsidiary of U.S. telecommunications giant AT&T Corp. on Monday filed with U.S. regulators to sell 35 million shares of Class A common stock in a public offering that could raise as much as $543 million. Coral Gables, Fla.-based AT&T Latin America Corp., which provides broadband communications services to major cities in Argentina, Brazil, Chile, Colombia and Peru, did not specify the price per share in a prospectus filed with the U.S. Securities and Exchange Commission. The company said it would use the net proceeds from the offering to expand communications networks, to repay some of the funds borrowed under its $100 million credit with an AT&T Corp. affiliate, for working capital and other general corporate purposes. The underwriters, Morgan Stanley Dean Witter, Credit Suisse First Boston, Merrill Lynch & Co., J.P. Morgan & Co. and Salomon Smith Barney have been allotted 5.225 million additional shares in the event of heavy demand. The company said the offering would be made to the public after it merges with FirstCom Corp. , a telecommunications provider with operations in Chile, Colombia and Peru. After the merger, which is expected to be completed by Aug. 31, the company will its shares on Nasdaq under the symbol "ATTL" . FirstCom shares closed up 3/4 to 13-1/8 on Nasdaq.