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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) April 23, 2001
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VOICESTREAM WIRELESS CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-29667 91-1983600
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
12920 SE 38th Street, Bellevue, Washington 98006
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (425) 378-4000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
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VoiceStream Wireless Announces First Quarter Subscriber Additions
- 484,700 Net Additions During the 1st Quarter -
BELLEVUE, WA (April 23, 2001) -- VoiceStream Wireless Corporation, a leading
provider of personal communications services, announced today that it added
484,700 subscribers during the quarter ended March 31, 2001. This brings its
total customer base to 4.4 million at March 31, 2001.
"VoiceStream had another strong quarter of customer additions," said John
Stanton, Chairman and Chief Executive Officer of VoiceStream Wireless. "The
attractiveness of pricing and usage in our offering combined with the feature
set we are able to offer continues to be compelling to customers."
VoiceStream will announce its full first quarter 2001 financial results on
May 7. During the quarter VoiceStream added 409,100 post-pay subscribers from
internal growth to reach a total of 3,343,500 and added 75,600 pre-paid
customers to reach a total of 1,046,600. The quarter end totals also include
26,400 post-pay subscribers added through acquisitions closed during the first
quarter.
VoiceStream also currently anticipates consolidated service revenues for
2001 to increase by 120 to 125% over the full year 2000 consolidated service
revenues and for cash flow (operating income less non-cash expenses) losses to
be less than $300 million for the full year, with the majority of the losses
coming in the first quarter of the year. Based on current economic conditions,
VoiceStream also expects comparable subscriber growth in future quarters this
year. These expectations also assume a closing of the merger with Powertel to
occur during the second quarter of the year and do not reflect any non-recurring
costs recognized as a result of the merger with Deutsche Telekom. Based on the
current regulatory process, VoiceStream anticipates the merger will be closed on
May 31, 2001.
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About VoiceStream Wireless
Based in Bellevue, WA, VoiceStream Wireless Corp. is one of the major
nationwide providers of communication services in the country and operates and
uses the worldwide standard, Global System for Mobile (GSM) communications
technology platform. VoiceStream is a member of The GSM Alliance, L.L.C., a
consortium of U.S. and Canadian digital wireless PCS carriers, which helps
provide seamless wireless communications for its customers in more than 6,000
U.S. and Canadian cities and towns, or abroad. GSM companies provide superior
voice clarity, unparalleled security and leading-edge wireless voice, data and
fax features for customers. In North America, more than seven million customers
are using GSM service in 47 U.S. States, the District of Columbia, and six
Canadian Provinces, including every top 10 market in North America. VoiceStream
has roaming agreements with more than 125 of the major operators worldwide
providing service in 55 countries, allowing customers to use their VoiceStream
service and features while traveling internationally. For more information,
visit the website at www.voicestream.com.
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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.
VOICESTREAM WIRELESS CORPORATION
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(Registrant)
Date April 24, 2001 By /s/ Alan R. Bender
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(Signature)
Alan R. Bender, Executive Vice President