content: --------------------------------------------------------------------------------
                                    UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               WASHINGTON, D.C. 20549
                          --------------------------------
                                      FORM 8-K
                          --------------------------------
                                   CURRENT REPORT
  
                       PURSUANT TO SECTION 13 OR 15(D) OF THE
  
                           SECURITIES EXCHANGE ACT OF 1934
  
            SEPTEMBER 30, 2003                             333-05188-A
  ------------------------------------     ---------------------------------------
  Date of Report  (Date of  earliest                Commission File Number
  event reported)
  
  
                               PHONE1GLOBALWIDE, INC.
               (Exact name of registrant as specified in its charter)
  
  
               DELAWARE                                    65-0669842
  ------------------------------------     ---------------------------------------
  (State or other jurisdiction of          (I.R.S. Employer Identification Number)
  incorporation or organization)
  
  
                          100 N. BISCAYNE BLVD., SUITE 2500
                                MIAMI, FLORIDA 33132
     --------------------------------------------------------------------------
  
                 (Address of Principal Executive Offices) (Zip Code)
     --------------------------------------------------------------------------
  
  
  
  
  
                                   (305) 371-3300
     --------------------------------------------------------------------------
  
                (Registrant's telephone number, including area code)
  
  
  --------------------------------------------------------------------------------
  
  <PAGE>
  
  
  ITEM 1.  CHANGES IN CONTROL OF REGISTRANT.
  
          On September 30, 2003, pursuant to a Stock and Promissory Notes Purchase
          Agreement of the same date, Hispanic Telecommunications Holding, S.A., a
          Luxembourg  company,  ("HTH")  purchased  from  GNB Bank  (Panama)  S.A.
          ("GNB")  (i) $20  million of face amount  convertible  promissory  notes
          issued by the  Registrant  on September 30, 2002 (as amended in December
          20, 2002),  November 26, 2002 and February 17, 2003, and (ii) 38,352,714
          shares of the  common  stock of the  Registrant,  par value  $0.001  per
          share.  On the same date,  HTH converted the notes,  in accordance  with
          their terms, into 50,000,000 shares of common stock of the Registrant.
  
          Further,  on September 30, 2003, HTH subscribed to, and purchased  from,
          the  Registrant  11,061,047  shares  of its  common  stock for $1.13 per
          share, or $12,500,000. Such subscription was accepted by the Company and
          such shares  were issued to HTH as of  September  30,  2003.  The sum of
          $10,917,871.21  from the $12,500,000  received from HTH was paid by the
          Registrant to GNB in full  repayment of principal and interest  under an
          overdraft  facility issued by it and the balance will be used as working
          capital of the Registrant.
  
          Prior  to the  transactions  described  above,  GNB  beneficially  owned
          88,352,714  shares of the common stock of the  Registrant,  representing
          approximately  70% of the Registrant's  outstanding  common stock, as of
          September  30, 2003.  Following  the  transaction,  GNB remained with no
          shares  of the  Registrant.  HTH  became  the major  shareholder  of the
          Registrant.  HTH currently owns 99,414,661 shares of the common stock of
          the  Registrant,  representing  approximately  70% of  the  Registrant's
          outstanding common stock.
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
          (a)    FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
  
                 Not applicable.
  
          (b)    PRO FORMA FINANCIAL STATEMENTS.
  
                 Not applicable.
  
          (c)    EXHIBITS.
  
                 10.1   Regulation S Subscription  Agreement,  dated September 30,
                        2003,   by  and  between  the   Registrant   and  Hispanic
                        Telecommunications Holding, S.A.
  
                 10.2   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on September  30, 2002,  as amended on December 20,
                        2002.
  
                 10.3   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on November 26, 2002.
  
                                         2
  
  <PAGE>
  
  
                 10.4   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on February 17, 2003.
  
  
                                         3
  <PAGE>
  
  
  
                                     SIGNATURES
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned hereunto duly authorized.
  
                                      PHONE1GLOBALWIDE, INC.
  
  Date:  October 14, 2003             By: /s/ Syed Naqvi
                                          -------------------------------------
                                          Name: Syed Naqvi
                                          Title:   Chief Financial Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "e235267.txt", "secsgml_size_bytes": 5906}]
metadata_filer: {"company-data": {"conformed-name": "PHONE1GLOBALWIDE INC", "cik": "0001017837", "assigned-sic": "4813", "irs-number": "650669842", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-05188-A", "film-number": "03940253"}, "business-address": {"street1": "100 N BISCAYNE BLVD SUITE 2500", "city": "MIAMI", "state": "FL", "zip": "33132", "phone": "3053713300"}, "mail-address": {"street1": "100 N BISCAYNE BLVD SUITE 2500", "city": "MIAMI", "state": "FL", "zip": "33132"}, "former-company": [{"former-conformed-name": "GLOBALTRON CORP", "date-changed": "20001215"}, {"former-conformed-name": "WIN GATE EQUITY GROUP INC", "date-changed": "19960701"}]}
text: --------------------------------------------------------------------------------
                                    UNITED STATES
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               WASHINGTON, D.C. 20549
                          --------------------------------
                                      FORM 8-K
                          --------------------------------
                                   CURRENT REPORT
  
                       PURSUANT TO SECTION 13 OR 15(D) OF THE
  
                           SECURITIES EXCHANGE ACT OF 1934
  
            SEPTEMBER 30, 2003                             333-05188-A
  ------------------------------------     ---------------------------------------
  Date of Report  (Date of  earliest                Commission File Number
  event reported)
  
                               PHONE1GLOBALWIDE, INC.
               (Exact name of registrant as specified in its charter)
  
               DELAWARE                                    65-0669842
  ------------------------------------     ---------------------------------------
  (State or other jurisdiction of          (I.R.S. Employer Identification Number)
  incorporation or organization)
  
                          100 N. BISCAYNE BLVD., SUITE 2500
                                MIAMI, FLORIDA 33132
     --------------------------------------------------------------------------
  
                 (Address of Principal Executive Offices) (Zip Code)
     --------------------------------------------------------------------------
  
                                   (305) 371-3300
     --------------------------------------------------------------------------
  
                (Registrant's telephone number, including area code)
  
  --------------------------------------------------------------------------------
  ITEM 1.  CHANGES IN CONTROL OF REGISTRANT.
  
          On September 30, 2003, pursuant to a Stock and Promissory Notes Purchase
          Agreement of the same date, Hispanic Telecommunications Holding, S.A., a
          Luxembourg  company,  ("HTH")  purchased  from  GNB Bank  (Panama)  S.A.
          ("GNB")  (i) $20  million of face amount  convertible  promissory  notes
          issued by the  Registrant  on September 30, 2002 (as amended in December
          20, 2002),  November 26, 2002 and February 17, 2003, and (ii) 38,352,714
          shares of the  common  stock of the  Registrant,  par value  $0.001  per
          share.  On the same date,  HTH converted the notes,  in accordance  with
          their terms, into 50,000,000 shares of common stock of the Registrant.
  
          Further,  on September 30, 2003, HTH subscribed to, and purchased  from,
          the  Registrant  11,061,047  shares  of its  common  stock for $1.13 per
          share, or $12,500,000. Such subscription was accepted by the Company and
          such shares  were issued to HTH as of  September  30,  2003.  The sum of
          $10,917,871.21  from the $12,500,000  received from HTH was paid by the
          Registrant to GNB in full  repayment of principal and interest  under an
          overdraft  facility issued by it and the balance will be used as working
          capital of the Registrant.
  
          Prior  to the  transactions  described  above,  GNB  beneficially  owned
          88,352,714  shares of the common stock of the  Registrant,  representing
          approximately  70% of the Registrant's  outstanding  common stock, as of
          September  30, 2003.  Following  the  transaction,  GNB remained with no
          shares  of the  Registrant.  HTH  became  the major  shareholder  of the
          Registrant.  HTH currently owns 99,414,661 shares of the common stock of
          the  Registrant,  representing  approximately  70% of  the  Registrant's
          outstanding common stock.
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
  
          (a)    FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
  
                 Not applicable.
  
          (b)    PRO FORMA FINANCIAL STATEMENTS.
  
                 Not applicable.
  
          (c)    EXHIBITS.
  
                 10.1   Regulation S Subscription  Agreement,  dated September 30,
                        2003,   by  and  between  the   Registrant   and  Hispanic
                        Telecommunications Holding, S.A.
  
                 10.2   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on September  30, 2002,  as amended on December 20,
                        2002.
  
                 10.3   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on November 26, 2002.
  
                                         2
  10.4   Conversion  Notice  sent  by  Hispanic  Telecommunications
                        Holding, S.A. to Phone1Globalwide,  Inc., Phone1, Inc. and
                        Globaltron Communications Corporation relating to the note
                        issued on February 17, 2003.
  
                                         3
  SIGNATURES
  
          Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned hereunto duly authorized.
  
                                      PHONE1GLOBALWIDE, INC.
  
  Date:  October 14, 2003             By: /s/ Syed Naqvi
                                          -------------------------------------
                                          Name: Syed Naqvi
                                          Title:   Chief Financial Officer