Santiago, October 21, 2022
ESSENTIAL FACT
Identification of the issuer
Empresa Nacional de Telecomunicaciones S.A.
Open Joint Stock Company
R.U.T. 92.580.000-7
Address: Avda. Costanera Sur N° 2760 Piso 22, Parque Titanium, Torre C, Las Condes, Santiago.
Registered in the Securities Registry with N° 0162.
This communication is made pursuant to the provisions of Articles 9 and 10 of Law No. 18,045 and is an essential fact with respect to the company, its businesses, its public offering securities or the offer thereof.
SANTIAGO, October 21, 2022
N° 11-2022 /
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
PRESENT REF.: Communicates essential facts or relevant information
Madam President:
I refer to the communication as an essential fact dated March 15, 2022, by means of which Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) reported that it had commissioned the investment bank BNP Paribas the process to receive expressions of interest from third parties in relation to a new strategy regarding its fiber optic infrastructure, of ENTEL’s current domain and that at that date expressions of interest had been received from third parties, which were being analyzed, which could eventually lead to a process that implied the total or partial disposal of said assets, as well as the provision of services between the parties, together with other possible commercial agreements (a “Possible Transaction”).
Updating the information provided through the essential fact identified above, ENTEL hereby informs that it is currently negotiating a Possible Transaction with a fiber infrastructure operator of recognized prestige (hereinafter the “Operator”) and in particular, the sale in favor of the Operator of substantially all the assets that make up the fiber optic infrastructure business line to provide Internet services to ENTEL’s Home. in Chile, as well as an agreement for the provision of connectivity services to continue offering Internet services to the Home over the Operator’s network, together with other complementary contracts to these.
The Possible Transaction and its terms are still being negotiated, and if it materializes, it will be subject to closing conditions, obligations to do and not to do, declarations and guarantees and indemnity obligations usual for this type of operations and in particular, to the approval of the concentration operation that entails the Possible Transaction by the National Economic Prosecutor’s Office (“FNE”).
ENTEL will keep the Market and the Financial Market Commission informed of any progress that may be communicated in this regard.
Without further ado, he greets you very sincerely,
ANTONIO BÚCHI BUC
General Manager
c.c.: Mr. Superintendent of Pensions
Santiago Stock Exchange, Santiago Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Messrs. Directors
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=4a0e710afd2d643956e3cb4d76f188c5VFdwQmVVMXFSWGROUkZGM1RYcEJNMDVSUFQwPQ==&secuencia=-1&t=1682376108
