PRESS RELEASE: TELMEX ANNOUNCES SUCCESSFUL CONCLUSION OF TENDER OFFER FOR CHILESAT CORP S.A., JUNE 4, 2004

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of June 2004

Commission File Number: 333-13580

Telefonos de Mexico, S.A. de C.V.

(Exact Name of the Registrant as Specified in the Charter)

Telephones of Mexico

(Translation of Registrant's Name into English)

Parque Via 190

Colonia Cuauhtemoc

Mexico City 06599, Mexico, D.F.

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F....Ö .....Form 40-F.........

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ..... No...Ö ..

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

 

 

TELMEX ANNOUNCES SUCCESSFUL CONCLUSION OF

TENDER OFFER FOR CHILESAT CORP S.A.

Mexico City, June 4, 2004-Telefonos de Mexico, S.A. de C.V. (TELMEX) (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY; LATIBEX: XTMXL) announced today that approximately 98.8% of the shares of common stock of Chilesat Corp S.A. (CHILESAT) that Telmex Chile Holding S.A. (TELMEX CHILE) had offered to buy were tendered through the close of business on Thursday, June 3, 2004. This includes shares represented by American Depositary Shares that had been tendered to The Bank of New York. As of the close of business on June 3, which was the last day for holders of shares of common stock to tender their shares to Banchile Corredores de Bolsa S.A. (BANCHILE), the tender agent of the offer, 278,451,980 of the 281,812,790 shares of common stock that Telmex Chile had offered to buy had been tendered to Banchile. Telmex Chile expects to accept all the shares that were tendered. Upon the closing of the transaction, Telmex Chile expects to own approximately 99.3% of the total outstanding shares of common stock of Chilesat.

Offer Details

On May 4, 2004, Telmex Chile launched its public tender offer to acquire up to 60% of the outstanding shares of Chilesat, a telecommunications company, at a price of $154.23 Chilean Pesos per share of common stock, in order to obtain control of the company. The offer expired at 5:30 p.m., New York City time, on June 3, 2004. The offer was made to all shareholders of Chilesat.

About TELMEX

Telmex is the leading telecommunications company in Mexico with 16.1 million telephone lines in service, 2.5 million line equivalents for data transmission and 1.5 million internet accounts. Telmex offers telecommunications services through an almost 75 thousand kilometer fiber optic digital network. Telmex and its subsidiaries offer a wide range of advanced telecommunications, data and video services, internet access as well as integrated telecom solutions for corporate customers. Additionally, the company offers telecommunications services through its affiliates in Argentina, Brazil, Colombia, Chile and Peru. More information about Telmex can be accessed on the internet at www.telmex.com.

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This press release is for information purposes only. The solicitation of offers to buy shares will only be made pursuant to the prospectus and related materials that Telmex will file and make available to shareholders of Chilesat. This communication shall not constitute a solicitation of an offer to purchase in any state in which such offer, solicitation or sale would be unlawful.

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This press release contains forward looking statements concerning the financial condition, results of operations and business of Telmex following the consummation of their proposed acquisition of Chilesat and the anticipated financial and other benefits of such proposed acquisition. In some cases, you can identify forward looking statements by the words "will", "believes", "plans", "would" or similar expressions. These forward looking statements are not guarantees of future performance and are subject to risks and uncertainties and other important factors, including those that could cause actual results to differ materially from expectations based on forward looking statements made in this press release or elsewhere. For a description of certain of these risks please refer to Telmex's filings with the SEC.

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 4, 2004

TELEFONOS DE MEXICO, S.A. DE C.V.

By: /s/ Adolfo Cerezo Perez

Name: Adolfo Cerezo Perez
Title: Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ref: Telefonos de Mexico, S.A. de C.V. : TELMEX ANNOUNCES SUCCESSFUL CONCLUSION OF TENDER OFFER FOR CHILESAT CORP S.A.