Hand Delivery. Gentlemen: On this date, Compañía de Telecomunicaciones de Chile S.A. and Compañía de Telecomunicaciones de Chile Equipos y Servicios S.A. and Inversiones Telefónica Móviles Holding Limitada and TEM Inversiones Chile Limitada have signed a purchase agreement whereby the first two have transferred to the latter all of the shares they held in Telefónica Móvil de Chile S.A. under the conditions therein stipulated. Pursuant to the aforesaid document, on behalf of Compañía de Telecomunicaciones de Chile S.A., I hereby declare that Telefónica Móvil de Chile S.A. does not owe my principal any sum for the following reasons:
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Sources: Share Purchase Agreement (Telecommunications Co of Chile), Share Purchase Agreement (Telefonica Mobile Inc)