VTR GlobalCom

1999

Variance

Homes Passed 1,567,871 1,616,141 48,270

2-Way Homes Passed 218,460 390,126 171,666

Rebuilt % 13.9% 24.1% 10.2%

Video Subscribers 393,851 386,967 (6,884)

- Penetration % 25.1% 23.9% (1.2%)

Telephony Subscribers 20,985 66,718 45,733

- Penetration % 9.6% 17.1% 7.5%

Revenue us$ 119.0 us$ 127.5 us$ 8.5

Operating Expense (91.0) (104.2) (13.2)

EBITDA 28.0 23.3 (4.7)

Margin % 23.5% 18.3% (5.2%)

Capital Expenditures (46.3) (80.9) (34.6)

(US$ Millions)

Comments

? Plant extensions

? Network rebuilt in Santiago & Antofagasta

? Decrease in cable subs due to recession.

? Launching of telephony in new areas in Antofagasta, Concepción and Santiago

? Telco subs + ARPU increase in video & tele.

? 2-way rebuild (+185k new hh’s) + telco launch.

? Prog. costs up due to FX; New Telco launches.

1998

Financial Results for 1999 (in US$)