8-K

                                  UNITED STATES
                       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): July 17, 2000


                                 IFX Corporation
                                 ---------------
             (Exact name of Registrant as Specified in Its Charter)


          Delaware                        0-15187                36-3399452
- -------------------------------   ------------------------   -------------------
(State or Other Jurisdiction of   (Commission file number)    (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


                                 IFX Corporation
                           707 Skokie Blvd., 5th Floor
                           Northbrook, Illinois 60062
                          -----------------------------

               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)


                                 (847) 412-9411
                                ----------------
              (Registrant's Telephone Number, Including Area Code)


             -------------------------------------------------------
          (Former name or former address, if changed since last report)


ITEM 5.  OTHER EVENTS.

As previously reported on Registrant's Report on Form 8-K dated June 15, 2000,
Registrant secured a commitment for $25 million in funding ($14.9 million
payable on June 15, 2000 and $10.1 million payable on the subsequent closing
date) from UBS Capital Americas III, L.P. and UBS Capital LLC (collectively, the
"Purchasers"), to be used for working capital purposes. Pursuant to the Stock
Purchase Agreement dated as of June 15, 2000, by and among Registrant and the
Purchasers (the "Stock Purchase Agreement"), the Purchasers purchased 1,210,398
shares of IFX Class I Series A Preferred Stock. On July 17, 2000, the Purchasers
purchased an additional 820,471 shares of IFX Class II Series A Preferred Stock
(for an aggregate purchase price of $10.1 million).


ITEM 7.  FINANCIAL STATEMENT AND EXHIBITS

Exhibit Number    Description of Exhibit
- --------------    ----------------------
     4.1*         Certificate of Designation, Powers, Preferences and Rights
                  of Series A Convertible Preferred Stock of the Registrant
    10.2*         Stock Purchase Agreement dated as of June 15, 2000 among the
                  Registrant, UBS Capital Americas III, L.P. and UBS Capital LLC
    99.1          Press release dated July 19, 2000

*Incorporated by reference to Registrant's Report on Form 8-k dated June 15,
 2000


                                   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 hereunto duly authorized.

                              IFX Corporation



                              By:   /s/ Joel Eidelstein
                                   ------------------------
                                    Joel Eidelstein,
                                    President

Date: August 22, 2000


                                 IFX CORPORATION

                                  EXHIBIT INDEX


Exhibit Number    Description of Exhibit
- --------------    ----------------------
    4.1*          Certificate of Designation, Powers, Preferences and Rights
                  of Series A Convertible Preferred Stock of the Registrant
   10.2*          Stock Purchase Agreement dated as of June 15, 2000 among the
                  Registrant, UBS Capital Americas III, L.P. and UBS Capital LLC
   99.1           Press release dated July 19, 2000

   *Incorporated by reference to Registrant's Report on Form 8-k dated June 15,
    2000

EX-99.1

                                                                    EXHIBIT 99.1

Company Press Release

IFX Corp. Closes $25 Million Investment from UBS Capital Americas

MIAMI--July 19, 2000--IFX Corporation (Nasdaq:FUTR - news), one of the fastest
growing Internet service providers in Latin America, announced today that it has
closed on $25 million in private equity financing from UBS Capital Americas III,
L.P. This funding is in addition to the planned $20 million investment to be led
by UBS in Tutopia.com, Inc., IFX's free Internet access subsidiary.
The proceeds will be used to further expand IFX's network, which now extends
across 14 countries, to increase the products and services offered by the
company, and to expand the IFX sales force to enhance assistance to small and
medium businesses across the region. With its $25 million investment, UBS
purchased Series A preferred stock issued by IFX. Additionally, two principals
of UBS Capital Americas, Charles Moore and Mark Lama, have joined the IFX Board
of Directors.
"We are pleased to announce that we have cleared all the regulatory and closing
issues and that UBS Capital Americas has now fully funded their $25 million
investment" said Mike Shalom, CEO of IFX Corp. "This financing demonstrates UBS
Capital Americas' belief in our business model and our management team and will
allow us to move at a fast speed in our next stage of growth, enhancing what we
have established to date."
IFX (Nasdaq:FUTR - news; http://www.ifxcorp.com) started its Internet access
business in November 1998 and since then has acquired 25 local and regional
Internet service providers, making IFX one of the fastest-growing Internet
service providers in Latin America.
Under its Unete (http://www.unete.com) brand, IFX provides a broad range of
Internet products and services to small and medium-sized businesses in Latin
America. The company offers region-wide wholesale and private label Internet
access, dedicated fixed wireline and wireless Internet access, unlimited dial-up
roaming access to Unete's POPs throughout the region, web design, web-hosting
and co-location, dial-up LAN services as well as VPN services, e-commerce
solutions and full technical support.
The Unete network provides pan Latin-American coverage in 14 countries,
including Argentina, Bolivia, Brazil, Chile, Colombia, El Salvador, Guatemala,
Honduras, Mexico, Nicaragua, Panama, Uruguay Venezuela and the United States.
About IFX Corp.
IFX (http://www.ifxcorp.com) is a Miami-based Internet company that has created
one of the most extensive pan-regional platforms for providing Internet-based
products and services throughout Latin America. IFX has subsidiaries in fourteen
countries. Under its Unete (http://www.unete.com) brand, IFX services small and
medium sized businesses and provides network services.
Tutopia.com (http://www.tutopia.com), is the consumer-focused subsidiary of IFX
and a leader in providing free pan-regional Internet access as well as content.


IFX also has holdings in other Latin American Internet businesses, namely Yupi
Internet Inc. ("Yupi") (http://www.yupi.com), Facilito.com Inc
(http://www.facilito.com), and ePagos.com, Inc. ("ePagos")
(http://www.ePagos.com).
About UBS Capital
UBS Capital has in excess of $2.5 billion of private equity under management. It
currently manages UBS Capital Americas II, a $1.0 billion fund dedicated to
North America, and UBS Capital Americas III, a $500 million fund dedicated to
Latin America. Both funds focus on emerging growth companies in a variety of
industries including telecommunications, Internet and technology. UBS Capital is
managed out of New York City, with offices in Buenos Aires, Argentina and Sao
Paulo, Brazil.
This news release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including statements
related to the growth in IFX's Latin American network and IFX's expansion
strategy in the Latin American region. These statements reflect IFX's current
views with respect to future events and financial performance. Such forward-
looking statements are subject to certain risks and uncertainties that could
cause actual events or results to differ materially from those indicated from
such forward-looking statements. The potential risk factors include, among
others, IFX's limited operating history and experience in the free Internet
business, IFX's ability to attract significant additional financing and continue
to incur losses and negative cash flow from operations, and risks associated
with international expansion, especially in Latin America. Additional risk
factors that could affect IFX's financial results are set forth in IFX's reports
and documents filed from time to time with the Securities and Exchange
Commission.
Local telephone communication charges may apply in some jurisdictions even to
free Internet access service. This press release and prior releases are
available on IFX Corporation website at http://www.ifxcorp.com

Contact:
     Hill and Knowlton, Fort Lauderdale, Fla.
     Jack Gutt, 954/713-2813
     jgutt@hillandknowlton.com
     -------------------------
     or
     IFX Corp
     Barrie Moskowitz, 305/512-1100
     investorrelations@ifxcorp.com
     -----------------------------