DRAFT OF 1/27/98 FOR DISCUSSION PURPOSES ONLY DEPOSIT AGREEMENTDeposit Agreement • March 11th, 1998 • Consorcio Ecuatoriano De Telecommunicaciones Sa Conecel • Radiotelephone communications • New York
1 Exhibit 1 CONSORCIO ECUATORIANO DE TELECOMUNICACIONES S.A. CONECEL 9,195,580 American Depositary Shares Each Representing Four Shares of CLASS B COMMON STOCK, PAR VALUE 1,000 SUCRES PER SHARE UNDERWRITING AGREEMENTConsorcio Ecuatoriano De Telecommunicaciones Sa Conecel • April 1st, 1998 • Radiotelephone communications • New York
