Buenos Aires, Argentina,

Went public 2/14/2000 at $17 apiece

Filing Range: 11.5 mil. shares @ $15 to $17

Shares Outstanding: 91.43 mil. shares

Underwriters: Morgan Stanley Dean Witter

Goldman Sachs/Salomon Smith Barney


(Data except per-share in $ thousands)


12/97 12/98 9/98 9/99

Total Revenue $161,065 $208,089 $149,888 $167,129

Net Loss -7,591 -33,987 -23,333 -100,977

Net Loss Per Share -.14 -.71 -.48 -1.89

The Company:

Impsat provides telecommunications network and Internet services in Latin America. The company offers tailor-made, integrated data, voice and Internet solutions, with an increasing emphasis on broadband transmission, for national and multinational companies, financial institutions, governmental agencies and other business customers. Impsat also offers dedicated Internet services to Internet service and content providers. The company has operations in Argentina, Colombia, Venezuela, Ecuador, Mexico, Brazil and the United States as well as other countries in Latin America. Impsat currently provides telecommunications and Internet services through its networks, which consist of owned fiber optic and wireless links, teleports, earth stations and leased fiber optic and satellite links. The company owns and operates 12 metropolitan area networks in some of the largest cities in Latin America, including Buenos Aires, Bogota, Caracas and Sao Paulo. The Latin American markets in which the company operates are expected to experience compounded annual telecommunications and data services revenue growth of approximately 14% and 24%, respectively, from 1998 through 2002.


Capital expenditures relating to the company’s network, to redeem approximately preferred stock, for potential acquisitions and for working capital and general corporate purposes, including to fund losses.

Venture Backers:

Nevasa Holdings Ltd., Princes Gate, Morgan Stanley Global Emerging Markets, Suramericana Group

Board Members:

Enrique Pescarmona, Nevasa Holdings September 1994

Stephen Munger, Princes Gate March 1998

Jeronimo Bosch, Morgan Stanley Global Emerging Markets September 1999