Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
Compañía de Telecomunicaciones de Chile, S.A.
TABLE OF CONTENTS
Item
1. Material Event regarding result of the Tender Offer launched by Inversiones Telefónica Internacional Holding, Ltda.
Item 1.
Material Events of Compañía de Telecomunicaciones de Chile S.A.
Due to the notices published on November 2, 2008 in the newspapers "El Mercurio" from Santiago and "La Tercera," Inversiones Telefónica lnternacional Holding Limitada, "the Offeror," has deemed successful the Public Tender Offering held under the terms of the commencement notice published on September 16, 2008 and supplementary notices, all published in the newspapers "El Mercurio" from Santiago and "La Tercera," and of the respective prospectus and annexes thereto; all this under the terms and conditions detailed in the said notices that, additionally, declare that the Offeror has achieved direct ownership of approximately 51,86% of the shares issued by Compañía de Telecomunicaciones de Chile S.A. and, indirectly through it, its parent company, Telefónica lnternacional Chile S.A., has achieved approximately 96,75% ownership.
Reported to the Chilean Securities and Exchange Commission on November 3, 2008
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COMPAÑÍA DE TELECOMUNICACIONES DE CHILE S.A.
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By: |
/S/ Isabel Margarita Bravo C.
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Name: Isabel Margarita Bravo C.
Title: Financial Director |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or resul ts will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.