EMPRESA NACIONAL DE TELECOMUNICACIONES S.A.

OFFERS TO PURCHASE FOR CASH

UP TO US$800,000,000 AGGREGATE PRINCIPAL AMOUNT OF THE
OUTSTANDING NOTES LISTED BELOW
SUBJECT TO THE TENDER CAP AND PRIORITIES SET FORTH BELOW

Title of Notes

CUSIP / ISIN Numbers


Principal Amount Outstanding

Tender Cap1

Acceptance Priority Level


4.875% Senior Notes due 2024


29245VAA3;
P37115AE5 / US29245VAA35;
USP37115AE50


US$1,000,000,000


None


1


4.750% Senior Notes due 2026


29245V AB1;
P37115 AF2 / US29245VAB18;
USP37115AF26


US$800,000,000


US$300,000,000


2

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(1) In addition to the Tender Cap, the Tender Offers are subject to the Maximum Tender Offer Amount

To view/download copie(s) of the Tender Offer document(s) please click on the link(s) below:

Offer to Purchase

Press Release

A Holder wishing to tender Notes may do so by book-entry transfer and delivery of an agent’s message pursuant to DTC’s Automated Tender Offer Program. Any questions or requests for assistance or for additional copies of this Offer to Purchase and any amendments or supplements to the foregoing may be directed to the Tender and Information Agent at its address and telephone numbers set forth below.

The Information and Tender Agent for the Tender Offer is:

D.F. KING & CO., INC.

By Regular, Registered or Certified Mail; Hand or Overnight Delivery:
48 Wall Street, 22nd Floor
New York, New York 10005
Attention: Michael Horthman
Email: entel@dfking.com

By Facsimile Transmission:
(212) 709-3328 (for eligible institutions only)
Banks and Brokers Call: (212) 269-5550
Toll Free: (866) 304-5477

A Holder may also contact the Dealer Managers at their respective addresses and telephone numbers set forth below or such Holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the terms of the Tender Offers.

The Dealer Managers for the Tender Offer are:

BNP Paribas Securities Corp.

787 Seventh Avenue,
New York, New York 10019
Attn: Liability Management Group
Toll Free: (888) 210-4358
Collect: (212) 841-3059
J.P. Morgan Securities LLC

383 Madison Avenue
New York, New York 10179
Attn: Liability Management Group
Toll Free: (866) 846-2874
Collect: (212) 834-7279
Scotia Capital (USA) Inc.

250 Vesey Street
New York, New York 10281
Attn: Liability Management
Toll Free: (833) 498-1660
Collect: (212) 225-5559