SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) | June 3, 2002 | |
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U.S. REALTEL, INC.
Delaware | 0-30401 | 416622 | ||||||
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(State or other jurisdiction of incorporation) |
(Commission File Number) | IRS Employer Identification No.) |
15 Piedmont Center, Suite 100, Atlanta, Georgia | 30305 | ||||||||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code | (404) 869-2500 | |
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N/A
Item 5. Other Events and Regulation FD Disclosure. | ||||||||
Item 7. Financial Statements and Exhibits. | ||||||||
SIGNATURES | ||||||||
EXHIBIT INDEX | ||||||||
EX-99.1 Press Release |
Item 5. Other Events and Regulation FD Disclosure.
On June 3, 2002, Cypress Communications, Inc. (Cypress Communications), a wholly owned subsidiary of U.S. RealTel, Inc. (U.S. RealTel), announced that it entered into a definitive agreement with WorldCom, Inc. (WorldCom) to purchase the assets of Advanced Building Networks, WorldComs shared tenant telecommunications services business, for $32 million dollars. The assets include all of Advanced Building Networks customer contracts, as well as its in-building networks, associated building access rights, and the necessary employees to support these assets.
In conjunction with this transaction, Cypress Communications entered into an agreement to purchase $40 million of network and collocation services from WorldCom over a three year period.
The foregoing information does not purport to be complete and is qualified in its entirety to the Press Release attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
99.1 | Press Release issued June 3, 2002 by Cypress Communications, Inc. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
U.S. REALTEL, INC. | ||||||
By: | /s/ Gregory P. McGraw | |||||
Name: | Gregory P. McGraw | |||||
Title: | Executive Vice President | |||||
Dated: June 6, 2002 |
EXHIBIT INDEX
99.1 | Press Release issued June 3, 2002 by Cypress Communications, Inc. |