Asia PR News

CALI, Nov. 30 /PRNewswire-AsiaNet/ –

Transtel Tenderco, Ltd. ("Tenderco"), a wholly-owned subsidiary of Transtel
S.A. ("Transtel"), announced today that it has extended the expiration date of
its Offer to Purchase all outstanding Units, as described in the Offer to
Purchase and Consent Solicitation Statement, dated October 28, 2005, as amended
by Supplement No. 1 thereto, dated November 8, 2005 (as so amended, the
"Statement"), to 8:00 a.m., New York City time, on Tuesday, December 13, 2005
(the "Expiration Time"), unless such date is extended or earlier terminated.
Tenders of Units will continue to be accepted up to the Expiration Time, unless
extended or earlier terminated.

The obligation of Tenderco to accept for purchase and pay for tendered
Units and make consent payments is subject to the satisfaction or waiver of
certain conditions, including the tender of at least 90% of the outstanding
Units, completion of a private placement of new notes and certain other
conditions. As of 8:00 a.m. November 29, 2005 (the originally scheduled
Expiration Time), more than 94% of the outstanding Units had been tendered.

The complete terms and conditions of the tender offer and consent
solicitation are described in the Statement, copies of which may be obtained
by contacting MacKenzie Partners, Inc., the information agent for the tender
offer and consent solicitation, at +1 (212) 929-5550 (collect) or (800) 322-
2885 (U.S. toll-free). UBS Investment Bank is serving as dealer manager and
solicitation agent in connection with the tender offer and consent
solicitation. Additional information concerning the tender offer and the
consent solicitation may be obtained by contacting UBS Investment Bank at +1
(203) 719-4210 (collect) or (888) 722-9555, extension 4210 (U.S. toll free).

This announcement is not an offer to purchase, a solicitation of an offer
to purchase or a solicitation of consents with respect to any securities. The
tender offer and consent solicitation are being made solely by the Offer to
Purchase.

Transtel is the largest fixed-line private telecommunications company in
Colombia, with a modern digital platform and broadband capability. Transtel
owns and operates seven telephone systems and one cable system, providing
voice, data and other media services to residential and commercial subscribers
in Cali, Colombia’s second largest city, and nine other cities in southwestern
Colombia with an aggregate population of approximately 3.6 million people.

SOURCE Transtel Tenderco, Ltd.

/CONTACT: MacKenzie Partners, Inc., +1-212-929-5500 - Call Collect, or
1-800-322-2885 - Toll Free, proxy@mackenziepartners.com, for Transtel
Tenderco, Ltd./