-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O3mvgXuQBnP8/uTHml2uj3EKEnB7RiYa8VHOWRlgIO0WNb1FCovPal42n4GZiUcj sz0p2gG3OQCM48FS912CdQ== 0000950134-99-009329.txt : 19991101 0000950134-99-009329.hdr.sgml : 19991101 ACCESSION NUMBER: 0000950134-99-009329 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991029 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTEL INC CENTRAL INDEX KEY: 0001036712 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 954495524 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26127 FILM NUMBER: 99737534 BUSINESS ADDRESS: STREET 1: 1111 W MOCKINGBIRD LANE STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 2146343800 MAIL ADDRESS: STREET 1: 1111 W. MOCKINGBIRD LN. STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75247 8-K 1 FORM 8-K 1 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): October 29, 1999 ---------------- OPTEL, INC. ----------- (Exact name of registrant as specified in its charter) Delaware 95-4495524 - --------------------------------- ------------------------------- (State or other jurisdiction (I.R.S. Employer Identification of incorporation or organization) Number) 333-24881 (Commission File Number) 1111 West Mockingbird Lane, Suite 1000, Dallas, Texas 75247 ----------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (214) 634-3800 2 ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS On October 29, 1999, the Registrant issued the press release attached hereto as Exhibit "A" announcing Registrant's financial results for the quarter and twelve months ended August 31, 1999. ITEM 7. EXHIBITS Press Release, dated October 29, 1999. 3 SIGNATURE 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. Date: October 29, 1999 OpTel, Inc. ----------- (Registrant) By : /s/ SCOTT V. WILLIAMS -------------------------------------------- Name: Scott V. Williams Title: Vice President and General Counsel 4 EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99 Press Release, dated October 29, 1999
EX-99 2 PRESS RELEASE DATED OCTOBER 29, 1999 1 EXHIBIT 99 OpTel, Inc [OPTEL LOGO] OPTEL, INC REPORTS RESULTS FOR FOURTH QUARTER AND TWELVE MONTHS FOR FISCAL YEAR 1999 DALLAS, October 29, 1999 - OpTel, Inc ("OpTel") today announced its unaudited financial results for the fourth quarter and the twelve months of the fiscal year ended August 31, 1999 ("fiscal 1999"). Net loss attributable to common equity for the quarter amounted to $30.7 million versus $30.8 million for the fourth quarter of 1998. Net loss attributable to common equity for twelve months of fiscal 1999 amounted to $114.6 million versus $83.1 million in fiscal 1998. These results are subject to potential audit adjustments. On October 28, 1999 OpTel, and certain of its affiliates and subsidiaries, filed for protection under Chapter 11 of the US bankruptcy laws. The filing allows the Company to operate its businesses in the normal fashion under court protection while it continues discussions with representatives of certain major creditors and others on a restructuring plan. The Company expects to have sufficient liquidity throughout the period of reorganization to ensure payment of its obligations incurred on an ongoing basis. The Company anticipates that it will complete its restructuring and emerge from Chapter 11 during 2000. OpTel is a leading network based provider of integrated communications services, including local and long distance telephone, cable television and high speed Internet access services in the United States. The Company currently provides cable television and telecommunications services in a number of metropolitan areas including Los Angeles, San Diego, San Francisco, Phoenix, Denver, Houston, Dallas-Fort Worth, Chicago, Indianapolis, Atlanta, Miami-Ft. Lauderdale and Orlando-Tampa. OpTel is majority owned by Le Groupe Videotron Ltee, owner of the second largest cable television operator in Canada. This announcement contains "forward-looking" statements. OpTel, Inc. is subject to risks and other uncertainties that could cause such statements to prove incorrect. For a discussion of those risks and uncertainties, please refer to the Company's annual report on Form 10K for fiscal year ended August 31, 1998. # # # For further information, please contact: Waqar Nasim Treasurer 214-634-4029
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