Transtel Intermedia Announces Extension of Private Offer to Exchange and Solicitation of Consents to
February 6, 2009
CALI, /PRNewswire-AsiaNet/ --
Transtel Intermedia S.A. (the "Company") today announced that it has extended the expiration of its (i) private
offer to exchange, for each $100,000 of principal amount (excluding accrued but unpaid interest) of its
outstanding 12% Senior Notes due 2016 (the "Existing Notes"), one of its units (the "New Units"), each New
Unit consisting of $100,000 principal amount of its unissued Senior Secured Amortizing Step-up Notes due
2016 (the "New Notes") and 100 warrants to purchase shares of its common stock (the "New Warrants", and
such private offer to exchange being, the "Exchange Offer"), and (ii) solicitation of consents to (a) delist the
Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, and (b) make
certain amendments to the indenture governing the Existing Notes, the security documents related to the
Existing Notes, certain other documentation related to the Existing Notes and the warrant agreement governing
the Company's warrants issued on May 17, 2006 (the "Consent Solicitation"). The Exchange Offer and Consent
Solicitation are now scheduled to expire at 5:00 p.m., New York City time, on February 6, 2009, unless
extended by the Company in its sole discretion.
The Exchange Offer and Consent Solicitation are conditioned upon at least 95% of the outstanding aggregate
amount of the Existing Notes being validly tendered and not withdrawn, which condition may be waived by the
Company in its sole discretion. As of 5:00 p.m., New York City time, on January 30, 2009, the Company was
advised by HSBC Bank USA, National Association, the exchange agent, that an aggregate principal amount of
US$44.5 million of the Existing Notes had been validly tendered.
Any questions on the Exchange Offer and Consent Solicitation may be addressed to Morgan Stanley & Co.
Incorporated, the dealer manager and solicitation agent for the Exchange Offer and Consent Solicitation, by
calling U.S. toll free at (800) 624-1808 or calling collect at +1 (212) 761-1864.
The information contained herein is not for publication or distribution into the United States. This press
release is for informational purposes only. The New Units, New Notes, New Warrants and the underlying shares
of common stock have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws, and are only being offered to (1) in the United States, qualified institutional
buyers as defined in Rule 144A under the Securities Act, in a private placement transaction in reliance upon an
exemption from the registration requirements of the Securities Act and (2) outside the United States, in
compliance with Regulation S under the Securities Act. This press release shall not constitute an offer to sell or
a solicitation of an offer to buy the New Units in the United States or in any jurisdiction where the offer or sale is
not permitted. Further, the New Units, New Notes, New Warrants and the underlying shares of common stock
may not be sold in the United States absent registration or an exemption from registration and any public
offering of such securities in the United States will be made by means of an offering memorandum that may be
obtained from the Company and that will contain detailed information about the Company and its management,
as well as its financial statements.
The Company is a privately held fixed-line telecommunications service provider operating in Colombia. As of
September 30, 2008, the Company provided telephone, internet and pay-television services to 286,413
subscribers. The Company initially established its business by acquiring majority interests in underperforming
telecommunications companies that were owned and operated by local municipalities. Following the acquisition
of such companies, the Company designed and implemented customized plans for the upgrade and expansion
of each of its acquired systems, which today comprise a fully digital, fiber-optic network capable of providing a
wide array of voice, data and other media services, including broadband services.
SOURCE: Transtel Intermedia S.A.
CONTACT: Guillermo O. Lopez
Chief Executive Officer
Transtel Intermedia S.A.
+57-2-680-8801
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