AT&T LATIN AMERICA CORP.
 
 TABLE 1
 
 Consolidated Statement of Operations
 For the First, Second, Third and Fourth Quarters 2001 and For the First
 and Second Quarters 2002
 (In thousands of US Dollars, except share and per share data
 (Unaudited)
 
 
 1Q01 2Q01 3Q01 4Q01
 
 Revenue:
 Data/Internet services  $18,459 $20,497 $22,367 $25,300
 Voice services 13,211 13,150 16,893 21,033
 Total revenue 31,670 33,647 39,260 46,333
 
 Cost of revenue 25,912  28,392 31,904 32,595
 Selling, general and
 administrative 32,616 33,957 32,420 37,988
 
 EBITDA (26,858) (28,702) (25,064) (24,250)
 
 Depreciation and amortization 24,699 24,756 25,241 29,357
 
 Loss from operations (51,557) (53,458) (50,305) (53,607)
 
 Interest expense 15,851 18,865 21,501 26,066
 Interest income 270 493  109 251
 Other (expense) income, net (5,945) (1,375) (8,172) (5,022)
 
 Loss before provision for income
 taxes, minority interest
 income and extraordinary loss on
 debt restructuring (73,083)  (73,205) (79,869) (84,444)
 
 Provision for income taxes - - - -
 Minority interest income 115 154 169 190
 
 Loss before extraordinary loss
 on debt restructuring  (72,968) (73,051) (79,700) (84,254)
 
 Extraordinary loss on debt
 restructuring - - - -
 
 Net loss $(72,968) $(73,051) $(79,700) $(84,254)
 
 Basic and diluted loss per
 common share
 before extraordinary loss on
 debt restructuring $(0.63) $(0.63) $(0.69) $(0.72)
 
 Extraordinary loss per common
 share on debt restructuring $- $- $- $-
 
 Basic and diluted net loss per
 common share $(0.63) $(0.63) $(0.69) $(0.72)
 
 Weighted average shares
 outstanding (thousands) 116,296 116,296 116,296 117,063
 
 
  AT&T LATIN AMERICA CORP.
 
 TABLE 1
 
 Consolidated Statement of Operations
 For the First, Second, Third and Fourth Quarters 2001 and For the First
 and Second Quarters 2002
 (In thousands of US Dollars, except share and per share data
 (Unaudited)
 
 2Q02/ 2Q02/
  1Q02 2Q02 2Q01 1Q02
 
 Revenue:
 Data/Internet services $26,488 $27,152 32.5% 2.5%
 Voice services 17,673 14,822 12.7% -16.1%
 Total revenue  44,161 41,974 24.7% -5.0%
 
 Cost of revenue 28,486 26,473 -6.8% -7.1%
 Selling, general and
 administrative 29,171 28,714 -15.4% -1.6%
 
 EBITDA  (13,496) (13,213) 54.0% 2.1%
 
 Depreciation and amortization 17,192 25,178 1.7% 46.5%
 
 Loss from operations (30,688) (38,391) 28.2% -25.1%
 
 Interest expense 21,802  32,442 72.0% 48.8%
 Interest income 198 212 -56.9% 7.3%
 Other (expense) income, net (19,073) (34,543) -2412.2% -81.1%
 
 Loss before provision for income
 taxes, minority interest
 income and extraordinary loss on
 debt restructuring (71,365) (105,164) -43.7% -47.4%
 
 Provision for income taxes - - nm nm
 Minority interest income 93 87  -43.5% -6.5%
 
 Loss before extraordinary loss on
 debt restructuring (71,272) (105,077) -43.8% -47.4%
 
 Extraordinary loss on debt
 restructuring (6,264) 1,785 nm 128.5%
 
 Net loss $(77,536) $(103,292) -41.4% -33.2%
 
 Basic and diluted loss per common
 share
 before extraordinary loss on debt
 restructuring $(0.60) $(0.89) -41.0% -47.1%
 
 Extraordinary loss per common
 share on debt restructuring $(0.05) $0.02 nm 128.4%
 
 Basic and diluted net loss per
 common share $(0.65) $(0.87) -38.6% -32.9%
 
 Weighted average shares
  outstanding (thousands) 118,399 118,641 2.0% 0.2%
 
 
 AT&T LATIN AMERICA CORP.
 
 TABLE 2
 
 Consolidated Statements of Operations
  For the Second Quarters Ended June 30, 2002 and June 30, 2001
 (In thousands of US Dollars, except share and per share data
 (Unaudited)
 
 
 For the Second Quarters Ended
 June 30
 2002 2001
 
 Revenue:
 Data/Internet services $27,152  $20,497
 Voice services 14,822 13,150
 Total revenue 41,974 33,647
 
 Cost of revenue 26,473 28,392
  Selling, general and
 administrative 28,714 33,957
 
 EBITDA (13,213) (28,702)
 
 Depreciation and amortization 25,178 24,756
 
 Loss from operations (38,391) (53,458)
 
 Interest expense 32,442 18,865
 Interest income 212 493
 Other (expense) income, net (34,543) (1,375)
 
 Loss before provision for
 income taxes, minority
 interest income and
 extraordinary loss on debt
 restructuring  (105,164) (73,205)
 
 Provision for income taxes - -
 Minority interest income 87 154
 
 Loss before extraordinary loss
 on debt restructuring (105,077) (73,051)
 
 Extraordinary loss on debt
 restructuring 1,785 -
 
 Net loss $(103,292) $(73,051)
 
  Basic and diluted loss per
 common share
 before extraordinary loss on
 debt restructuring $(0.89) $(0.63)
 
 Extraordinary loss per common
 share on debt restructuring $0.02 $-
 
 Basic and diluted net loss per
 common share $(0.87) $(0.63)
 
 Weighted average shares
 outstanding (thousands) 118,641 116,296
 
 
 AT&T LATIN AMERICA CORP.
 
 TABLE 3
 
 Consolidated Balance Sheets
 As of June 30, 2002 and December 31, 2001
  (In thousands of US Dollars)
 
 June 30, 2002 December 31, 2001
 




 
 




 
 
 (Unaudited)
 
 ASSETS
 Current assets:
  Cash and cash equivalents $69,138 $28,186
 Accounts receivable, net 36,346 41,973
 Recoverable taxes 14,857 15,219
 Prepaid expenses and other
 current assets 20,131 26,816
 




 
 




 
 
 Total current assets 140,472 112,194
 
 Property and equipment, net 440,168 493,568
  Goodwill 721,922 759,067
 Other intangible assets, net 20,910 24,130
 Recoverable taxes 14,775 24,841
 Other assets  38,610 31,511
 




 
 




 
 
 Total assets $1,376,857 $1,445,311
 
 
 LIABILITIES AND STOCKHOLDERS'
 EQUITY
 Current liabilities:
 Current maturities of debt $64,826 $87,051
 Accounts payable and accrued
 expenses 64,676 80,595
 Other current liabilities 29,456 51,956
 




 
 




 
 
 Total current liabilities 158,958 219,602
 
 Long-term debt 778,050 575,091
 Deferred interest 5,993 31,010
  Other liabilities 2,743 6,289
 Mandatorily Redeemable 15%
 Series B Preferred Stock 231,236 215,232
 




 
 




 
 
 Total liabilities 1,176,980  1,047,224
 
 Commitments and contingencies - -
 
 STOCKHOLDERS' EQUITY
 Common stock 11 11
 Additional paid in capital 925,021 918,337
 Unearned restricted stock (2,802) (2,627)
 Accumulated deficit (627,257) (446,429)
 Accumulated other
 comprehensive (loss) income  (84,962) (61,323)
 Stockholder loan (10,134) (9,882)
 




 
 




 
 
 Total stockholders'
 equity 199,877 398,087
 




 
 




 
 
 Total liabilities and
 stockholders' equity $1,376,857 $1,445,311
 
 
 AT&T LATIN AMERICA CORP.
 
 TABLE 4
 
 Selected Quarterly Financial Figures by Country
 
 For the First, Second, Third and Fourth Quarters 2001 and For the First And
 
 Second Quarters 2002
 (In thousands of US Dollars, except share and per share data
 (Unaudited)
 
 
  ARGENTINA
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet services 278 1,400 2,007 2,180 1,438 1,506
 Voice services 714 1,278 3,942 6,204 3,479 2,827
 Total revenue 992 2,678 5,949 8,384 4,917 4,333
 Cost of revenue 2,105 3,940 5,893 6,917 4,167 4,319
 Selling, general and
 administrative 7,166 6,014 7,158 7,890 3,523 1,803
  EBITDA (8,279) (7,276) (7,102) (6,423) (2,773) (1,789)
 Capex 45,265 18,511 11,634 12,182 1,348 588
 
 BRAZIL
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet
 services 9,689 9,734 9,776 11,343 12,730 12,032
 Voice services 1,551 1,388 1,577 1,534 1,746 1,920
 Total revenue 11,240 11,122 11,353 12,877 14,476 13,952
 Cost of revenue 11,952 12,620 12,166 8,900 9,626 9,063
 Selling, general and
 administrative 9,363 8,597 7,940 9,637 9,019 8,086
 EBITDA (10,075) (10,095) (8,753) (5,660) (4,169) (3,197)
  Capex 29,741 13,375 19,018 12,497 735 6,015
 
 CHILE
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet services 2,895 2,903 2,904 2,925 2,950 3,317
 Voice services 6,643 6,193 6,066 7,420 6,090 4,734
 Total revenue 9,538 9,096 8,970 10,345 9,040 8,051
 Cost of revenue 7,302 6,928 6,897 9,069 6,179 5,637
 Selling, general and
  administrative 3,421 3,488 3,287 3,102 3,036 2,734
 EBITDA (1,185) (1,320) (1,214) (1,826) (175) (320)
 Capex 3,926 4,049 1,816 2,926 2,652 1,535
 
 COLOMBIA
  1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet services 2,915 3,288 4,096 5,030 5,498 5,933
 Voice services - 31 33 48 103 131
 Total revenue  2,915 3,319 4,129 5,078 5,601 6,064
 Cost of revenue 1,242 1,490 2,232 3,450 3,613 3,160
 Selling, general and
 administrative 2,703 2,673 3,084 4,202 2,232 2,894
 EBITDA  (1,030) (844) (1,187) (2,574) (244) 10
 Capex 2,456 9,171 7,764 4,777 605 1,336
 
 PERU
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet services  2,682 3,172 3,584 3,822 3,872 4,364
 Voice services 4,672 4,565 5,905 6,428 6,533 6,455
 Total revenue 7,354 7,737 9,489 10,250 10,405 10,819
 Cost of revenue 3,680 3,680 5,174 5,069 5,179 5,539
 Selling, general and
 administrative 4,104 4,062 4,122 4,210 3,771 4,307
 EBITDA (430) (5) 193 971 1,455 973
 Capex 6,229 10,470  3,139 7,034 3,153 1,992
 
 CORPORATE
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 
 Data/Internet services - - - - - -
 Voice services (369) (305) (630) (601) (278) (1,245)
 Total revenue (369) (305) (630) (601) (278) (1,245)
 Cost of revenue (369) (266) (458) (810) (278) (1,245)
 Selling, general and
 administrative 5,859 9,123 6,829 8,947 7,590 8,890
 EBITDA (5,859) (9,162) (7,001) (8,738) (7,590) (8,890)
 Capex 4,930 176 8,604 6,087 (1,159) 1,329
 
 CONSOLIDATED
  1Q01 2Q01 3Q01 4Q01
 
 Data/Internet services 18,459 20,497 22,367 25,300
 Voice services 13,211 13,150 16,893 21,033
 Total revenue 31,670 33,647  39,260 46,333
 Cost of revenue 25,912 28,392 31,904 32,595
 Selling, general and
 administrative 32,616 33,957 32,420 37,988
 EBITDA (26,858) (28,702) (25,064) (24,250)
 Capex 92,547 55,752 51,975 45,503
 
 Net loss (72,968) (73,051) (79,700) (84,254)
 Basic and diluted net loss per
 common share  (0.63) (0.63) (0.69) (0.72)
 Weighted average shares
 outstanding (thousands) 116,296 116,296 116,296 117,063
 
 CONSOLIDATED
 1Q02 2Q02
 
 Data/Internet services 26,488 27,152
 Voice services 17,673 14,822
 Total revenue 44,161 41,974
 Cost of revenue 28,486 26,473
 Selling, general and
 administrative 29,171 28,714
 EBITDA (13,496) (13,213)
 Capex 7,334 12,795
 
 Net loss (77,536) (103,292)
 Basic and diluted net loss per
 common share (0.65)  (0.87)
 Weighted average shares
 outstanding (thousands) 118,399 118,641
 
 
 AT&T LATIN AMERICA CORP.
 
 TABLE 5
 
 Selected Quarterly Operating Statistics by Country
 
 For the First, Second, Third and Fourth Quarters 2001 and For the First And
 
 Second Quarters 2002
 (In units - Unaudited)
 
 ARGENTINA
  1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
 Kilometers
 Metropolitan 40 124 155 185 213 230
 Domestic (long-haul) 337 374 848 916 916 916
 Total Route Kilometers 377 498 1,003 1,100 1,129 1,146
 Total Fiber Kilometers 15,213 23,939 41,880 45,431 46,499 46,751
 Buildings Connected 15 92 275 365 408 440
 Ports in Service  67 121 185 256 354 404
 PVCs Active 53 105 173 244 341 390
 Dedicated Data and
 Internet Customers 38 68 117 321 346 393
 Employees  317 294 308 261 262 250
 
 BRAZIL
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
 Kilometers
 Metropolitan 774 796 805 860 921 924
 Domestic (long-haul) - - - - - -
 Total Route Kilometers 774 796 805 860 921 924
 Total Fiber Kilometers 53,922 55,302 55,522 61,250 66,713 66,799
 Buildings Connected 890 931 949 1,003 1,026 1,041
 Ports in Service 8,306 9,530 9,850 11,037 11,688 11,917
 PVCs Active 4,313 5,024 5,996 6,938 7,391 7,548
 Dedicated Data and
 Internet Customers 853 929 1,082 1,118 1,131 1,139
 Employees 533 555 557 510 507 434
 
 CHILE
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
  Kilometers
 Metropolitan 574 627 680 769 803 864
 Domestic (long-haul) - - - - - -
 Total Route Kilometers 574 627 680 769 803 864
  Total Fiber Kilometers 12,134 13,496 14,991 18,124 19,390 21,294
 Buildings Connected 584 648 737 874 901 951
 Ports in Service 1,784 1,900 2,039 2,212 2,252 2,355
 PVCs Active  1,524 1,648 1,753 1,882 1,887 1,979
 Dedicated Data and
 Internet Customers 1,336 1,434 1,515 1,570 1,554 1,568
 Employees 361 353 358 322 325 319
 
 COLOMBIA
  1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
 Kilometers
 Metropolitan 1,292 1,434 1,593 1,736 1,751 1,766
 Domestic (long-haul) 1,225 1,225 1,225 1,225 1,225 1,225
 Total Route Kilometers 2,517 2,659 2,818 2,961 2,976 2,991
 Total Fiber Kilometers 37,538 43,455 51,055 56,850 58,580 59,110
 Buildings Connected 1,263 1,350 1,629 1,996 2,087 2,142
 Ports in Service 3,077 3,173 3,449 3,677 3,809 3,856
 PVCs Active 2,301 2,543 2,911 3,602 3,778 3,905
 Dedicated Data and
 Internet Customers 452 533 675 803 872 965
  Employees 250 250 244 222 220 219
 
 PERU
 
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
 Kilometers
 Metropolitan 1,621 1,682 1,715 1,774 1,821 1,893
 Domestic (long-haul) - - - - - -
 Total Route Kilometers 1,621 1,682 1,715 1,774 1,821 1,893
 Total Fiber Kilometers 36,705 37,340 37,821 38,286 38,930 39,517
 Buildings Connected 1,691 1,783 1,818 2,185 2,229 2,405
 Ports in Service 1,605 1,792 1,826 1,954 2,025 2,070
 PVCs Active 1,654 1,833 1,865 1,905 1,951 1,988
 Dedicated Data and
 Internet Customers 1,120 1,040 1,033 1,059 1,084 1,077
 Employees 395 406 429 385 381 378
 
 CORPORATE
 1Q01 2Q01 3Q01 4Q01 1Q02  2Q02
 
 Employees 56 57 60 58 53 51
 
 CONSOLIDATED
 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02
 Network Route
 Kilometers
 
 Metropolitan  4,301 4,663 4,948 5,324 5,509 5,677
 Domestic (long-haul) 1,562 1,599 2,073 2,141 2,141 2,141
 Total Route Kilometers 5,863 6,262 7,021 7,465 7,650 7,818
 Total Fiber Kilometers 155,512 173,532 201,269 219,941 230,112 233,471
 Buildings Connected 4,443 4,804 5,408 6,423 6,651 6,979
 Ports in Service 14,839 16,516 17,349 19,136 20,128 20,602
 PVCs Active 9,845 11,153 12,698 14,571 15,348 15,810
 Dedicated Data and
 Internet Customers 3,799 4,004 4,422 4,871 4,987 5,142
 Employees 1,912 1,915 1,956 1,758 1,748 1,651