€) entel
Santiago, May 8, 2023
ESSENTIAL FACT
Issuer ID:
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.
This communication is
€) entel
Santiago, May 8, 2023
ESSENTIAL FACT
Issuer ID:
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.
This communication is
Entel informs the Commission for the Financial Market of Chile (CMF) that at its Ordinary Shareholders' Meeting it was agreed to distribute a dividend of $94 per share, elect new directors and keep PWC as external auditors. In addition, the Annual Report, Balance Sheet and Income Statement for 2022 and the investment and financing policy were approved.
Entel S.A. called the Ordinary Shareholders' Meeting on April 25, 2023 to approve the Annual Report, distribution of profits, election of the Board of Directors, among other topics. A dividend of $94 per share will be proposed and remote participation and voting will be allowed. More information at .
ENTEL will pay an interim dividend of $100 per share as of December 1, 2022, with a total of M$ 30,201,711,300, representing 7.48% of earnings for the third quarter of 2022. Essential event communicated to the Financial Market Commission of Chile.
ENTEL reports the sale of its fiber optic assets for Internet services to the Home in Chile to InfraCo SpA for UF 10.03 million (approx. US$ 358 million). The transaction is subject to approval by the National Economic Prosecutor's Office and is expected to be completed in the first half of 2023. The impact on the company's consolidated profit cannot be estimated.
ENTEL reports negotiation of possible transaction with fiber optic infrastructure operator to provide Internet services to the Home in Chile, including disposal of assets and agreement for the provision of connectivity services. The transaction is subject to closing conditions and approval by the FNE. ENTEL will keep the market and the CMF informed.
Empresa Nacional de Telecomunicaciones S.A. informed the Commission for the Financial Market of Chile that at its Extraordinary Shareholders' Meeting it was agreed to distribute an eventual dividend of Ch$470 per share, equivalent to Ch$141,948,043,110, which represents 27.76% of the accumulated profits as of March 31, 2022. Payment will be made on May 31, 2022.
Entel S.A. has convened an extraordinary shareholders' meeting for May 23, 2022, in order to submit for approval the distribution of an eventual dividend of $470 per share, equivalent to Ch$141,948,043,110, and to empower the Board of Directors to modify the dividend payment date. In addition, the payment of an interim dividend of $470 per share effective May 31, 2022 has been approved. Remote shareholder participation and voting has been approved due to the Covid-19 pandemic.
ENTEL informs CMF Chile that it has completed the sale of its data center assets in Chile to companies related to Equinix, Inc. for UF 16,722,000 (approx. US$633 million) and has received payment. The transaction also includes a long-term service provision agreement and a temporary integration services agreement. The sale of assets in Peru is in process and is expected to be completed in the coming months. The transaction will have an expected impact on the company's consolidated pre-tax income...
Empresa Nacional de Telecomunicaciones S.A. informs that at its Ordinary Shareholders' Meeting the distribution of a definitive dividend of $200 per share, equivalent to 80.56% of the net profit of the year 2021, was approved. In addition, the Annual Report, Balance Sheet and Income Statement for the same year, the investment and financing policy, the appointment of external auditors and the maintenance of directors' remuneration were approved.
Entel S.A. convenes an Ordinary Shareholders' Meeting on April 19, 2022 to approve the 2021 Annual Report, distribution of profits, dividend policy, among others. A final dividend of $200 per share is proposed. Remote participation and voting by shareholders will be allowed. More information at .