AT&T Latin America Announces Anticipated Liquidity Shortfall.Business Editors/Telecommunication Writers BEDMINSTER, N.J.--(BUSINESS WIRE)--Oct. 21, 2002 AT&T's (NYSE NYSE See: New York Stock Exchange :T) affiliate, AT&T Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. Corp. (NASDQ: ATTL ATTL AT&T Latin America Corp (stock symbol) ), today announced that it anticipates a liquidity shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. commencing in the fourth quarter of 2002. AT&T said that AT&T Latin America's current situation has no impact on AT&T's ability to meet global business customers' needs, whether those customers' operations are based in or extend to the Latin America region. AT&T's investment in AT&T Latin America currently has a book value of $1.2 billion. The recorded value of AT&T's investment could be impacted by actions taken by AT&T Latin America. AT&T holds a 69 percent economic stake and a 95% voting stake in AT&T Latin America. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion