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As filed with the Securities and Exchange Commission on November 13, 2002
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Schedule TO/A
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 1)
The Emerging Markets Telecommunications Fund, Inc.
(Name of Subject Company (issuer))
The Emerging Markets Telecommunications Fund, Inc.
(Names of Filing Persons (offerer and issuer))
Common Stock, Par Value $0.001 Per Share
(Title of Class of Securities)
290890102
(CUSIP Number of Class of Securities)
Michael A. Pignataro
Chief Financial Officer
The Emerging Markets Telecommunications Fund, Inc.
466 Lexington Avenue
16th Floor
New York, New York 10017
(212) 875-3500
(Name, address, and telephone number of person authorized to receive
notices and communications on behalf of filing persons)
With a copy to:
Daniel Schloendorn, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019-6099
Calculation of Filing Fee
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Transaction Valuation Amount of Filing Fee
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$10,495,726(a) $966(b)
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(a) Calculated as the aggregate maximum purchase price to be paid for
1,617,215 shares in the offer, based upon a price per share of $6.49,
which represents 95% of the net asset value per share at October 4,2002.
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(b) Calculated as the Transaction Valuation multiplied by 0.000092.
[x] Check the box if any part of the fee is offset as provided by Rule
O-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $966
Form or Registration No. Schedule TO
Filing Party: The Emerging Markets Telecommunications Fund, Inc.
Date Filed: October 8, 2002
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which
the statement relates:
[ ] third-party tender offer subject to Rule 14d-1.
[X] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the
results of the tender offer: [x]
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This Amendment No. 1 amends and supplements the Tender Offer Statement
on Schedule TO (the "Schedule TO") filed with the Securities and Exchange
Commission on October 8, 2002, by The Emerging Markets Telecommunications
Fund, Inc., a Maryland corporation (the "Fund"), relating to the offer by the
Fund to purchase for cash up to 1,617,215 of the Fund's issued and
outstanding shares of Common Stock, par value $0.001 per share, upon the
terms and subject to the conditions set forth in the Offer to Purchase (the
"Offer to Purchase") and in the related Letter of Transmittal, copies of
which are attached as Exhibits (a)(1) and (a)(2) to the Schedule TO (the
"Tender Offer").
The Schedule TO is hereby amended and supplemented by adding the
following:
A total of 5,674,043 shares of the Fund's Common Stock were tendered
in the Tender Offer, prior to the expiration of the Tender Offer at 5:00
p.m., New York City time, on November 6, 2002. The Fund accepted 1,617,215
shares of Common Stock for payment at a price of $6.53 per share. On a
pro-rated basis, 28.50% of the shares of Common Stock tendered by each
tendering stockholder were accepted for payment.
Reference is hereby made to the press release issued by the Fund on
November 6, 2002 a copy of which is attached hereto as Exhibit (a)(9) and is
incorporated herein by reference and the press release issued by the Fund on
November 13, 2002 a copy of which is attached hereto as Exhibit (a)(10) and
is incorporated herein by reference.
ITEM 12. EXHIBITS.
Exhibit (a)(9) Text of Press Release issued by The Emerging Markets
Telecommunications Fund, Inc. on November 6, 2002.
Exhibit (a)(10) Text of Press Release issued by The Emerging Markets
Telecommunications Fund, Inc. on November 13, 2002.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
THE EMERGING MARKETS
TELECOMMUNICATIONS FUND, INC.
By: /s/ Michael A. Pignataro
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Michael A. Pignataro
Chief Financial Officer
Date: November 13, 2002
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EXHIBIT INDEX
The following item is hereby added to the Exhibit Index:
EXHIBIT NO. EXHIBIT DESCRIPTION
Exhibit (a)(9) Text of Press Release issued by The Emerging Markets
Telecommunications Fund, Inc. on November 6, 2002.
Exhibit (a)(10) Text of Press Release issued by The Latin America
Investment Fund, Inc. on November 13, 2002.