BlueStar Communications Group, Inc. Filing for Initial Public Offering.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--Jan. 31, 2000 BlueStar Communications Group, Inc., announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of its common stock. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. is the lead manager of the offering. Deutsche Banc Alex., Brown, Donaldson, Lufkin &Jenrette and J.P. Morgan &Co. are the co-managers. The offering, of up to $200 million, includes the underwriters' over-allotment option. The number of shares to be offered has not yet been determined. BlueStar intends to use the proceeds to continue deploying its network, for working capital, for operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and for other general corporate purposes. BlueStar, headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , is a leading provider of broadband communications and Internet services to small- and medium-sized businesses located in Tier II and Tier III markets, primarily offered using digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ) technology. A copy of the prospectus relating to the offering may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Prospectus Department, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10010-3629 (telephone number 212/325-2580). A registration statement relating to these securities has been filed with the Securities and Exchange Commission (SEC), but is not yet effective. These securities may not be sold nor may any offer to buy be accepted prior to the registration's effective date. This press release does not constitute an offer to sell, or the solicitation of an offer to buy. There shall be no sale of these securities in any state in which such a sale, solicitation or offer would be unlawful prior to registration or qualification, under the securities laws of any such state. |
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