UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ______)*
Triton PCS Holdings, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)
896775103
--------------------------------------------------------------------------------
(CUSIP Number)
Rohit M. Desai
c/o Desai Capital Management
540 Madison Avenue
New York, New York 10022
with a copy to:
Kathleen A. Walsh, Esq.
Mayer Brown & Platt
1675 Broadway, Suite 1900
New York, New York 10019
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
June 6, 2001
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule-13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of SS.SS.240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the
following box. [X]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See SS.240.13d-7 for other
parties to whom copies of this statement are to be sent.
-----------------------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS
A CURRENTLY VALID OMB CONTROL NUMBER.
SEC 1746 (2-98)
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Private Equity Investors III, L.P.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF
SHARES
5,951,372
BENEFICIALLY -----------------------------------------------------
8. SHARED VOTING POWER
OWNED BY Not applicable
EACH ------------------------------------------------------
9. SOLE DISPOSITIVE POWER
REPORTING 5,951,372
PERSON ------------------------------------------------------
10. SHARED DISPOSITIVE POWER
WITH
Not applicable
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,951,372
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
SEC 1746 (2-98)
Page 2 of 17 Pages
SCHEDULE 13D
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ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Equity-Linked Investors-II
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
5,116,067
SHARES
------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
Not applicable
OWNED BY ------------------------------------------------------
9. SOLE DISPOSITIVE POWER
EACH 5,116,067
------------------------------------------------------
REPORTING 10. SHARED DISPOSITIVE POWER
PERSON Not applicable
WITH
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,116,067
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
Page 3 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rohit M. Desai
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 11,067,439
BENEFICIALLY -----------------------------------------------------
8. SHARED VOTING POWER
OWNED BY None
-----------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
11,067,439
REPORTING -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON
WITH
None
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,067,439
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
IN
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Page 4 of 17 Pages
SCHEDULE 13D
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ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rohit M. Desai Associates III, LLC
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 5,951,372
------------------------------------------------------
BENEFICIALLY
8. SHARED VOTING POWER
OWNED BY None
------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
5,951,372
REPORTING ------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON
None
WITH
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,951,372
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.3%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
OO (Limited Liability Company)
--------------------------------------------------------------------------------
SEC 1746 (2-98)
Page 5 of 17 Pages
SCHEDULE 13D
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ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rohit M. Desai Associates-II
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 5,116,067
BENEFICIALLY ------------------------------------------------------
8. SHARED VOTING POWER
OWNED BY Not Applicable
------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
5,116,067
REPORTING ------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON
Not Applicable
WITH
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,116,067
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
SEC 1746 (2-98)
Page 6 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Desai Capital Management Incorporated
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
2.
(a)
--------------------------------------------------------------
(b) X
--------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 11,067,439
BENEFICIALLY ------------------------------------------------------
8. SHARED VOTING POWER
OWNED BY 0
------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
11,067,439
REPORTING ------------------------------------------------------
10. SHARED DISPOSITIVE POWER
PERSON
Not Applicable
WITH
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,067,439
--------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [x]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
ITEM 1.
SEC 1746 (2-98)
Page 7 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SECURITY AND ISSUER.
This statement (the "Statement") relates to the Class A Common Stock, par
value $0.01 per share (the "Common Stock"), of Triton PCS Holdings, Inc. (the
"Issuer"). The Issuer's principal executive offices are located at 375
Technology Drive, Malver, PA 19355.
ITEM 2. IDENTITY AND BACKGROUND.
The name and state of formation of citizenship, as applicable, of each
person or entity reporting pursuant to this Schedule 13D (each, a "Reporting
Person") is herein incorporated by reference to questions 1 and 6 on the cover
page of each respective Reporting Person.
Each of the Reporting Persons is engaged in private equity investing. The
principal office or business address, as applicable, of each of the Reporting
Persons is c/o Desai Capital Management, 540 Madison Avenue, New York, NY 10022.
Rohit M. Desai is the managing member of the Rohit M. Desai Associates III, LLC,
which is the general partner of Private Equity Investors III, L.P. and the
general partner of Rohit M. Desai Associates-II, which is the general partner of
Equity-Linked Investors-II. Desai Capital Management Incorporated serves as the
investment adviser to each of Private Equity Investors III, L.P. and
Equity-Linked Investors-II. Set forth in Schedule I and incorporated herein by
reference are the names, business addresses and employments of each executive
officer and director of Desai Capital Management Incorporated (each, a "Desai
Capital Disclosed Party").
During the last five years, no Reporting Person or, to the knowledge of
Desai Capital Management Incorporated, no Desai Capital Disclosed Party, has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or has been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such law.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
All of the funds for the purchase of the Issuer's Common Stock consisted of
the respective Reporting Person's contributed capital or own funds.
ITEM 4. PURPOSE OF TRANSACTION.
J.P. Morgan Partners (23A SBIC), LLC, J.P. Morgan SBIC LLC, Sixty Wall
Street SBIC Fund, L.P., Private Equity Investors III, L.P. and Equity-Linked
Investors-II, which collectively own an aggregate of 56.3% of the outstanding
Class A common stock of the Issuer, have verbally agreed that they will not be
selling any additional securities of the Issuer at this time. They have also
verbally agreed to act together, in cooperation with the Issuer and the Issuer's
management, in determining the timing and extent of future sales of securities
of the Issuer. The foregoing entities should be deemed to be acting together for
such purposes until further notice.
The acquisition of the Issuer's securities has been made by the Reporting
Persons for investment purposes. Although the Reporting Persons have no present
intention to do so, the Reporting Persons may, in addition to those purchases
described above, make purchases of the Issuer's securities either in the open
market or in privately negotiated transactions, including transactions with the
Issuer, depending on an evaluation of the Issuer's business prospects and
financial condition, the market for the securities, other available investment
opportunities, money and stock market conditions and other future developments.
Depending on these factors, the Reporting Persons may decide to sell all or part
of their respective holdings of the shares of Common Stock in one or more public
or private transactions.
Except as set forth in this Item 4, the Reporting Persons have no present
plans or proposals that relate to or would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D. However, the
Reporting Persons reserve the right to propose or participate in future
transactions which may result in one or more of such actions, including but not
limited to, an extraordinary corporate
SEC 1746 (2-98)
Page 8 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
transaction, such as a merger, reorganization or liquidation, sale of a material
amount of assets of the Issuer or its subsidiaries, or other transactions which
might have the effect of causing the Issuer's Common Stock to cease to be listed
on a national securities exchange or causing the Common Stock to become eligible
for termination of registration, under Section 12(g) of the Exchange Act.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The response of each Reporting Person to Items 7 through 13 on each of
their respective cover pages which relate to the beneficial ownership of the
Common Stock of the Issuer is incorporated herein by reference. All responses
are given as of March 26, 2001. The responses are based on an outstanding number
of shares of Common Stock of 57,752,370, the outstanding number of shares of
Common Stock of the Issuer as of March 26, 2001. Pursuant to Rule 13d-4 under
the Securities Exchange Act of 1934, as amended, each of Rohit M. Desai
Associates III, LLC, Rohit M. Desai Associates-II, Desai Capital Management
Incorporated and Rohit M. Desai hereby declare that the filing of this Statement
shall not be construed as an admission that any person other than Private Equity
Investors III, L.P. or Equity-Linked Investors-II is the beneficial owner of any
securities covered by this Statement.
Private Equity Investors III, L.P. and Equity-Linked Investors-II are party
to the agreement described in Item 4, (the "Agreement"), and as such, they may
be deemed to be part of a "group" for purposes of Section 13 of the Securities
Exchange Act of 1934, as amended, whose members collectively hold more than 5%
of the Issuer's Common Stock (a "Group"). Each Reporting Person disclaims
membership in any Group and disclaims beneficial ownership of any shares of
stock held by any of the other parties to the Agreement or any member of a Group
that might be attributed to them by reason of the Agreement. The filing of this
Statement shall not be construed as an admission that the Reporting Person is
the beneficial owner of such shares or that the Reporting Person and any of such
other stockholders' constitute such a person or group.
No person other than the Reporting Persons has the right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale of
Common Stock owned beneficially by any such Reporting Person.
Except as reported in Item 4 above and incorporated by reference herein,
there have been no transactions involving the Issuer's Common Stock during the
past sixty days which are required to be reported in this Statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Stockholders Agreement. Each of Private Equity Investors III, L.P. and
Equity-Linked Investors-II is a party to the First Amended and Restated
Stockholders Agreement, dated October 27, 1999, by and among the Issuer and
certain of its stockholders, a copy of which is attached as Exhibit A hereto and
is incorporated by reference herein.
Verbal Agreement. Each of Private Equity Investors III, L.P. and
Equity-Linked Investors-II is a party to the verbal agreement described in Item
4 of this Statement, which description is incorporated by reference herein in
response to this Item.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
SCHEDULE I - Item 2 information for executive officers and directors of Desai
Capital Management Incorporation.
EXHIBIT A
First Amended and Restated Stockholders Agreement, dated October 27, 1999,
by and among Triton PCS Holdings, Inc., AT&T Wireless PCS, L.L.C., and the other
parties appearing on the signature pages thereto.
SEC 1746 (2-98)
Page 9 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 PRIVATE EQUITY INVESTORS III, L.P.
..........................
Date By: Rohit M. Desai Associates III, LLC
its general partner
By: /s/ Rohit M. Desai
----------------------------------
Name: Rohit M. Desai
Title: Managing Member
SEC 1746 (2-98)
Page 10 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 EQUITY-LINKED INVESTORS-II
..........................
Date By: Rohit M. Desai Associates-II,
its general partner
By: /s/ Rohit M. Desai
----------------------------
Name: Rohit M. Desai
Title: Managing Member
SEC 1746 (2-98)
Page 11 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 ROHIT M. DESAI ASSOCIATES III, LLC
..........................
Date By: /s/ Rohit M. Desai
-----------------------------
Name: Rohit M. Desai
Title: Managing Member
SEC 1746 (2-98)
Page 12 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 ROHIT M. DESAI ASSOCIATES-II
..........................
Date By: /s/ Rohit M. Desai
-----------------------------
Name: Rohit M. Desai
Title: General Partner
SEC 1746 (2-98)
Page 13 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 By: /s/ Rohit M. Desai
.......................... -------------------
Date Name: Rohit M. Desai
SEC 1746 (2-98)
Page 14 of 17 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
June 6, 2001 DESI CAPITAL MANAGEMENT INCORPORATED
..........................
Date
By: /s/ Rohit M. Desai
-------------------------------------
Name: Rohit M. Desai
Title: President
SEC 1746 (2-98)
Page 15 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
SCHEDULE I
DESAI CAPITAL MANAGEMENT INCORPORATED
Name/Relation Address Citizenship
to the Reporting Person
Rohit M. Desai/ c/o Desai Capital Management U.S.A.
Chairman of the Board, 540 Madison Avenue
President and Treasurer New York, New York 10022
Katharine B. Desai/ c/o Desai Capital Management U.S.A.
Secretary 540 Madison Avenue
New York, New York 10022
SEC 1746 (2-98)
Page 16 of 17 Pages
SCHEDULE 13D
------------
ISSUER: Triton PCS Holdings, Inc. CUSIP No. 896775103
EXHIBIT A
[Stockholders Agreement]
SEC 1746 (2-98)
Page 17 of 17 Pages