6-K 1 mict20021202mt.htm MICROCELL TELECOMMUNICATIONS INC.

MATERIAL CHANGE REPORT

  1. Reporting Issuer

    Microcell Telecommunications Inc.
    1250 Rene-Levesque Blvd. West
    Suite 400
    Montreal, Quebec
    H3B 4W8

  2. Date of Material Change

    3. December 2, 2002

  3. Press Release

    4. Microcell Telecommunications Inc. ("Microcell") issued a press release with respect to a material change on December 2, 2002. A copy of such press release is attached hereto and form a part hereof.

  4. Summary of Material Change

    5. Microcell announced on December 2, 2002 that it has not made its interest payment due that day on its 14% senior discount notes due 2006. Under the terms of the indenture governing this series of discount notes, Microcell has a 30-day grace period to make the payment in order to avoid default consequences under the indenture.

  5. Full Description of Material Change

    6. Microcell announced on December 2, 2002 that it has not made its interest payment due that day on its 14% senior discount notes due 2006. Under the terms of the indenture governing this series of discount notes, Microcell has a 30-day grace period to make the payment in order to avoid default consequences under the indenture.

    Microcell has decided not to make the scheduled interest payment as it continues to evaluate the possible alternatives to reduce its financing costs and improve its liquidity. Microcell is currently pursuing constructive discussions with a steering committee of its existing secured bank lenders, as well as an ad hoc committee of its existing unsecured high-yield note holders.

    The statements made in this material change report concerning Microcell's future prospects are forward-looking statements that involve risks and uncertainties, which may prevent expected future results from being achieved. Microcell cautions that actual future performance will be affected by a number of factors, including technological change, the process announced on August 9, 2002, regulatory change, and competitive factors, many of which are beyond Microcell's control. Therefore, future events and results may vary substantially from what Microcell currently foresees. Additional information identifying risks and uncertainties is contained in the Microcell's Annual Information Form for 2001 and in other filings with securities commissions in Canada and the United States.

  6. Reliance on Section 75(3)

    7. Not applicable.

  7. Omitted Information

    8. Not applicable

  8. Senior Officer

    9. The senior officer who can answer questions regarding this report is Mr. Jocelyn Cote, Vice-President, Legal Affairs and Assistant Secretary of Microcell. Mr. Cote can be reached at (514) 937-2121.

  9. Statement of Senior Officer

The foregoing accurately discloses the material change referred to herein.

SIGNED the 10th day of December, 2002 at Montreal, Quebec

(Signed) Jocelyn Cote
Jocelyn Cote
Vice-President, Legal Affairs and Assistant Secretary

Attachment to Microcell's Material Change Report dated November 13, 2002

News Release

for immediate release

MICROCELL WILL NOT MAKE SCHEDULED INTEREST PAYMENT
ON SENIOR DISCOUNT NOTES DUE 2006

Montreal, December 2, 2002 - Microcell Telecommunications Inc. (TSX: MTI.B) announced that it will not make its interest payment due today on its 14% senior discount notes due 2006. Under the terms of the indenture governing this series of discount notes, the Company has a 30-day grace period to make the payment in order to avoid default consequences under the indenture.

The Company has decided not to make the scheduled interest payment as it continues to evaluate the possible alternatives to reduce its financing costs and improve its liquidity. The Company is currently pursuing constructive discussions with a steering committee of its existing secured bank lenders, as well as an ad hoc committee of its existing unsecured high-yield note holders.

About the Company
Microcell Telecommunications Inc. is a major provider of telecommunications services in Canada dedicated solely to wireless. The Company offers a wide range of voice and high-speed data communications products and services to more than 1.2 million customers. Microcell operates a GSM network across Canada and markets Personal Communications Services (PCS) and General Packet Radio Service (GPRS) under the Fido® brand name. Microcell Telecommunications has been a public company since October 15, 1997, and is listed on the Toronto Stock Exchange under the stock symbol MTI.B.

Fido is a registered trademark of Microcell Solutions Inc.

www.microcell.ca
www.fido.ca

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