CALI, Colombia - Transtel Intermedia S.A. (the "Company") today announced that it has extended the expiration of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the "Existing Notes"), one of its units (the "New Units"), each New Unit consisting of US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Notes due 2016 (the "New Notes") and 100 warrants to purchase shares of its common stock (the "New Warrants", and such private offer to exchange being, the "Exchange Offer"), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, and (b) make certain amendments to the indenture governing the Existing Notes, the security documents related to the Existing Notes, certain other documentation related to the Existing Notes and the warrant agreement governing the Company's warrants issued on May 17, 2006 (the "Consent Solicitation"). The Exchange Offer and Consent Solicitation are now scheduled to expire at 5:00 p.m., New York City time, on April 13, 2009, unless extended by the Company in its sole discretion.

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