-----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, HdlzqT1xJs/Ou/XiIkEyObXCz1Oih1XZSkKEvwWxv9Ka2yqsDYRoddmCGibQDy4i 208tFX8HppapLSo/P6Nnxg== 0000912057-01-543535.txt : 20020413 0000912057-01-543535.hdr.sgml : 20020413 ACCESSION NUMBER: 0000912057-01-543535 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011217 FILED AS OF DATE: 20011217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRICOM SA CENTRAL INDEX KEY: 0001052124 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14816 FILM NUMBER: 1815206 BUSINESS ADDRESS: STREET 1: AVE LOPE DE VEGA NO 95 CITY: SANTO DOMINGO STATE: G8 BUSINESS PHONE: 8094766000 MAIL ADDRESS: STREET 1: AVE LOPE DE VEGA NO 95 CITY: SANTO DOMINGO STATE: G8 ZIP: 00000 6-K 1 a2066148z6-k.txt 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of: DECEMBER 17, 2001 TRICOM, S.A. (Translation of registrant's name into English) AVENIDA LOPE DE VEGA NO. 95, SANTO DOMINGO, DOMINICAN REPUBLIC (Address of principal executives offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F |X| Form 40-F |_| Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes |_| No |X| If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________ This Form 6-K is being incorporated by reference into Tricom S.A.'s Form F-3 Registration Statement under the Securities Act of 1933, Registration No. 333-65842. TRICOM, S.A. issued a press release on December 12, 2001 regarding its growth plan and financial guidance, a copy of which is attached as Exhibit 1 hereto. The statements included in Exhibit 1 are based on current expectations. Actual results may differ materially from those projected. These statements are forward-looking statements that involve a number of risks and uncertainties. Readers are referred to the documents filed with the Securities and Exchange Commission by TRICOM, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. These statements also do not include the potential impact of any acquisitions or other business transactions that may be completed after December 12, 2001. Exhibits. The following exhibit is filed with this report: 1 - Press Release, dated December 12, 2001, of TRICOM, S.A. [Signature on following page.] 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, thereunto duly authorized. TRICOM, S.A Dated: December 14, 2001 By: /s/ CARL H. CARLSON ------------------ Carl H. Carlson Executive Vice President and Member of the Office of the President EX-99.1 3 a2066148zex-99_1.txt EXHIBIT 99.1 EXHIBIT 1 PRESS RELEASE TRICOM ANNOUNCES GROWTH PLAN AND PROVIDES FINANCIAL GUIDANCE -- ANNOUNCES 2001 AND 2002 REVENUE AND EBITDA FORECAST; CAPITAL SPENDING SAVINGS IMPACTING FUTURE FUNDING REQUIREMENTS -- SANTO DOMINGO, Dominican Republic - December 12, 2001 -- TRICOM (NYSE:TDR), a leading integrated communications provider in the Dominican Republic, and a facilities-based long distance carrier in the U.S. and Puerto Rico, today provided financial guidance for the year 2001 and 2002. The financial guidance reflects the Company's current sales forecast, significant savings in its capital expenditure plans, and lower funding requirements going forward. The Company expects 2001 revenues to grow 9 percent over 2000 levels to approximately $240 to $245 million. Excluding revenues from Telecable ("TCN'"), its recently acquired cable TV operations, the Company anticipates revenues of approximately $280 to $290 million in 2002, a more than 16 percent rate of growth. Revenue growth will be driven by expected strong local service and wireless customer additions, higher average customer revenue, as well as the continued expansion of its data service offering, as customers continue to migrate to higher speeds and more advanced solutions. TRICOM expects full-year 2001 EBITDA to reach approximately $85 to $90 million. Excluding its cable TV operations, the Company anticipates 2002 EBITDA to grow approximately 20 percent in the range of $105 to $115 million. A growing customer base, solid average customer revenues, and the benefits of a larger scale of operations is expected to drive EBITDA growth in the coming year. TCN is expected to contribute additional revenues of approximately $25 to $30 million, and EBITDA in the range of $8 to $10 million in 2002. On a consolidated basis, TRICOM expects revenues to reach approximately $305 to $320, and EBITDA in the range of $108 to $120 million in 2002. The Company expects capital expenditures of $125 to $130 million in 2001, and approximately $70 to $80 million in 2002, a 40 percent decrease from this year. In 2001, the Company implemented a capital budget reduction program matching funding requirements to cash flow generation. By maximizing the utilization of its existing fixed assets and focusing on improving service quality in existing service areas, the Company has been able to curtail its next five years capital expenditures by close to $150 million. The Company believes that the capital expenditure savings will be realized without affecting growth prospects. The Company has also cut back on the deployment of its Central American iDEN network, focusing solely on Panama in the foreseeable future, and does not anticipate capital expenditures for expansion into other areas in Central America in 2002. TRICOM's funding requirements in 2002 are expected to be in the range of $15 to $25 million. TCN is currently expected to be free cash flow breakeven in 2002 and its funding requirements' going forward are internally funded. TRICOM plans to meet its funding needs with its cash position and through borrowing capacity under its existing credit facilities. Given the significant savings in capital expenditures, and reduced funding requirements going forward, the Company believes it is fully funded and on track to have positive free cash flow in 2004. ABOUT TRICOM TRICOM (www.tricom.net) is a regional telecommunications provider in the U.S., Caribbean and Central America. In the Dominican Republic we offer local, long distance, cable TV entertainment, mobile telephony, as well as broadband data transmission services. Through TRICOM USA, we own switching facilities in New York, Miami and Puerto Rico, providing us with end-to-end connectivity, and are one of the few Latin American long distance carriers that have a United States licensed subsidiary. ### THIS STATEMENT MAY CONTAIN CERTAIN FORWARD-LOOKING STATEMENTS, WHICH MAY INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, AND OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE AND ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR EXPECTATIONS OF THE COMPANY. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. -----END PRIVACY-ENHANCED MESSAGE-----