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COMPANIA DE TELEFONOS DE CHILE ANNOUNCES THE END OF STRIKE INVOLVING ITS UNIONS

 COMPANIA DE TELEFONOS DE CHILE ANNOUNCES
 THE END OF STRIKE INVOLVING ITS UNIONS
 SANTIAGO, Chile, June 12 /PRNewswire/ -- Compania de Telefonos de Chile S.A. (NYSE: CTC) today announced the end of the strike of some of its unions following the expiration of their two-year collective bargaining agreements. The cost of the settlement was within what the company had budgeted.
 Compania de Telefonos de Chile, the first South American company to list its shares on the New York Stock Exchange, is the largest telecommunications enterprise in Chile, owning approximately 95 percent of all telephone lines in the country. The company's business is providing local, long-distance and international telephone services in 77 percent of the country's territory where 92 percent of all Chile's population resides. Additionally, the company operates a cellular network in two principal metropolitan areas of Chile, Santiago and Valparaiso.
 -0- 6/12/92
 /CONTACT: Jaime Charles, vice president of Compania de Telefonos de Chile, in Santiago, 011-562-696-1147, or Felicia Vonella of Dewe Rogerson, 212-688-6840, for Compania de Telefonos de Chile/
 (CTC) CO: Compania de Telefonos de Chile ST: IN: TLS SU:


CK-TS -- NY034 -- 9632 06/12/92 11:37 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
Words:192
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