-----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, AojwJmdy7yM7Ush4BOkUZskQ1Qz9lHZHiz+NQj+YPHwn2pRIn9w5a8evIaGkEaRe B5TX4e819W0f9z1UvOb3lQ== /in/edgar/work/0000914121-00-000932/0000914121-00-000932.txt : 20001116 0000914121-00-000932.hdr.sgml : 20001116 ACCESSION NUMBER: 0000914121-00-000932 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRITEL INC CENTRAL INDEX KEY: 0001088383 STANDARD INDUSTRIAL CLASSIFICATION: [4812 ] IRS NUMBER: 640896417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 000-28435 FILM NUMBER: 770448 BUSINESS ADDRESS: STREET 1: 111 E CAPITOL ST STREET 2: SUITE 500 CITY: JACKSON STATE: MS ZIP: 39201 BUSINESS PHONE: 6039292606 MAIL ADDRESS: STREET 1: 1080 RIVER OAKS DRIVE STREET 2: SUITE B 100 CITY: JACKSON STATE: MS ZIP: 39208 NT 10-Q 1 0001.txt NOTIFICATION OF LATE FILING SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 Commission File Number: 000-28435 NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ] Form N-SAR For Period Ended: September 30, 2000 [ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR [ ] Transition Report on Form 11-K For the Transition Period Ended: ___________________ Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: ------------------------- - -------------------------------------------------------------------------------- PART I REGISTRANT INFORMATION Full name of the registrant: TRITEL, INC. Former name if applicable: ------------------------------------------------------ Address of principal executive office (Street and number): 111 E. CAPITOL STREET, SUITE 500 City, state and zip code: JACKSON, MISSISSIPPI 39201 PART II RULE 12b-25 (b) AND (c) If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.) (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report, semi-annual report, transition report [X] on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. PART III NARRATIVE State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) The Form 10-Q related to Tritel, Inc. and Tritel PCS, Inc. was to be filed on behalf of both noted companies. The Form 10-Q was mistakenly filed only on behalf of Tritel PCS, Inc. on November 14, 2000. Tritel, Inc. only became aware of these circumstances on November 15, 2000. Accordingly, the Form 10-Q cannot be timely filed on behalf of Tritel, Inc. without unreasonable effort or expense. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification: Brian Hoffmann 212 504-6383 -------------- --- -------- (Name) (Area Code) (Telephone Number) (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). [X] Yes [ ] No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ] No If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. For periods prior to the fourth quarter of 1999, we were a development stage company. We have incurred significant expenditures in conjunction with our organization and financing, PCS license acquisitions, hiring key personnel and the design and construction of our PCS network facilities. We have commenced commercial PCS services in 35 markets as of September 30, 2000. We expect to have commenced commercial PCS service in all of our major population and business centers by the end of 2000. The timing of launch in individual markets will be determined by various factors, principally the success of our site acquisition program, zoning and microwave relocation activities, equipment delivery schedules and local market and competitive considerations. We provided service in areas that represent approximately 94% of the population in our license area at September 30, 2000 and expect to provide service to over 98% by the end of 2000. Thereafter, we will evaluate further coverage expansion on a market-by-market basis. The following sets forth the statement of operations for Tritel, Inc. and its subsidiaries for each of the three months ended September 30, 1999 and September 30, 2000. TRITEL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 1999 AND 2000 (amounts in thousands, except per share data)
Three months ended Nine months ended September 30, September 30, ------------------------------- --------------------------------- 1999 2000 1999 2000 -------------- --------------- --------------- --------------- Revenues $ 179 38,771 179 80,076 --------- ----------- --------- ------------ Operating expenses: Cost of service and equipment 187 22,850 189 51,961 Technical operations 4,985 15,886 8,931 38,103 General and administrative 10,212 18,863 17,414 45,288 Sales and marketing 3,897 18,969 6,621 47,339 Stock-based compensation - 16,980 - 79,092 Depreciation and amortization 2,127 20,194 5,601 45,069 --------- ----------- --------- --------------- Total operating expenses 21,408 113,742 38,756 306,852 --------- ----------- --------- --------------- Operating loss (21,229) (74,971) (38,577) (226,776) Interest income 5,119 4,609 10,451 20,501 Financing cost - - (2,230) - Interest expense (6,934) (16,844) (12,038) (47,260) --------- ----------- --------- --------------- Loss before income taxes (23,044) (87,206) (42,394) (253,535) Income tax benefit 7,189 782 13,638 1,857 --------- ----------- --------- --------------- Net loss (15,855) (86,424) (28,756) (251,678) Series A preferred dividend requirement (2,267) (2,267) (6,632) (6,800) ---------- ----------- --------- ------------ Net loss available to common stockholders $ (18,122) (88,691) (35,388) (258,478) ========== =========== ========= ============ Basic and diluted net loss per common share $ (5.22) (0.74) (11.73) (2.17) ========== =========== ========= ============
Tritel, Inc. ------------ (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: NOVEMBER 15, 2000 By: /s/ Karlen Tubeville ------------------------------ Senior Vice President-Finance (Chief Accounting Officer and Duly Authorized Officer) -----END PRIVACY-ENHANCED MESSAGE-----