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COMPANIA DE TELEFONOS DE CHILE ANNOUNCES TARIFFS STATUS

 SANTIAGO DE CHILE, Jan. 3 /PRNewswire/ -- Compania de Telefonos de Chile (NYSE: CTC) informed its shareholders that, due to the government's delay in complying with the various steps established in the tariff setting process and lack of progress in the negotiations between the company and the Ministry of Telecommunications, the company, at the close of business Dec. 31, 1993, was unable to obtain a government tariff decree for its telecommunication services tariffs for the five-year period starting Jan. 1, 1994.
 CTC has fully complied with its obligations to submit tariff proposals to the government.
 As a consequence of the delay, there is no guarantee that, as of Jan. 1, 1994, tariffs that will be applied will reflect actual costs, as established by law.
 -0- 1/3/94
 /CONTACT: Claudio Garcia, senior vice president, chief financial, 011-562-206-7056, or Alejandro Rivera, director of investor relations, 011-562-696-1147, both of Compania de Telefonos de Chile; or Jason Thompson of Dewe Rogerson Inc., 212-688-6840/
 (CTC)


CO: Compania de Telefonos de Chile ST: IN: TLS SU:

SH-TW -- NY008 -- 8410 01/03/94 09:12 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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