SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------
SCHEDULE 13D
(rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 5)
COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV)
--------------------------------------------------------------------------------
(Name of Issuer)
NATIONAL TELEPHONE COMPANY OF VENEZUELA (CANTV)
--------------------------------------------------------------------------------
(Translation of Name of Issuer into English)
CLASS D COMMON SHARES,
NOMINAL VALUE Bs. 36.90182224915 PER SHARE (the "Class D Shares")
AMERICAN DEPOSITARY SHARES EACH REPRESENTING
SEVEN CLASS D SHARES (the "ADSs")
--------------------------------------------------------------------------------
(Title of Class of Securities)
P3055Q103 (Class D Shares); 204421101 (ADSs)
--------------------------------------------------------------------------------
(CUSIP Number)
Marianne Drost
Senior Vice President, Deputy
General Counsel and Corporate Secretary
Verizon Communications Inc.
1095 Avenue of the Americas
New York, New York 10036
(212) 395-1783
--------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
October 16, 2001
--------------------------------------------------------------------------------
(Date of event which requires filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box. [ ]
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 2 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Verizon Communications Inc.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares:
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
2
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 3 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
GTE Corporation
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
3
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 4 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
GTE International Telecommunications Incorporated
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
4
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 5 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
GTE Venezuela Incorporated
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
5
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 6 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Bell Atlantic Latin America Holdings, Inc.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
6
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 7 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Bell Atlantic New Holdings, Inc.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
7
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 8 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Verizon International Holdings Ltd.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
8
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 9 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
GTE Venezuela S.a r.l.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
9
------------------------------------------------------ --------------------------------
CUSIP NO. P3055Q103 (Class D. Shares) Page 10 of 23 Pages
204429101 (ADSs)
------------------------------------------------------ --------------------------------
========= =============================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
GTE Venholdings B.V.
--------- -------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------- -------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
[ ]
--------- -------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands
-------------------------------------------- ------- ------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF Class D Shares: 32,945,829*
SHARES ADSs: 4,706,547
BENEFICIALLY ------- ------------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH Class D Shares: None
REPORTING ADSs: None
PERSON ------- ------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
Class D Shares: 32,945,829*
ADSs: 4,706,547
------- ------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Class D Shares: None
ADSs: None
--------- -------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Class D Shares: 32,945,829*
ADSs: 4,706,547
--------- -------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
[ ]
--------- -------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.2% (the 4,706,547 ADSs represent 32,945,829 Class D Shares, which
represent approximately 8.2% of the total Class D Shares outstanding).
--------- -------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
========= =============================================================================================================
* The 4,706,547 ADSs represent 32,945,829 Class D Shares. Because the holder
may exchange ADSs for Class D Shares, the Reporting Persons may be deemed
to beneficially own 32,945,829 Class D Shares.
10
This is the fifth amendment ("Amendment No. 5") to the Statement on
Schedule 13D originally filed by GTE Corporation and GTE Venezuela Incorporated
on December 9, 1996 and amended on December 18, 1996, December 23, 1998, July
13, 2000 and October 10, 2001. Capitalized terms used herein but not defined
have the meanings ascribed to them in the initial Statement on Schedule 13D, as
amended through the date hereof (the "Schedule 13D"). The Schedule 13D is hereby
amended as follows:
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by Verizon, and by its direct
wholly-owned subsidiary, GTE, and its indirect subsidiaries, GTE International,
GTE Venezuela, Bell Atlantic Latin America, Bell Atlantic New Holdings, Verizon
International, GTE S.a r.l. and GTE Venholdings. Verizon, GTE, GTE
International, GTE Venezuela, Bell Atlantic Latin America, Bell Atlantic New
Holdings, Verizon International, GTE S.a r.l. and GTE Venholdings are sometimes
referred to herein as the "Reporting Persons."
Verizon, formed by the merger in June 2000 of Bell Atlantic and GTE,
is one of the world's leading providers of high-growth communications services.
Verizon companies are the largest providers of wireline and wireless
communications in the United States, with 95 million access line equivalents and
25 million wireless customers, as of December 31, 2000. Verizon is also the
world's largest provider of print and on-line directory information. A Fortune
10 company with more than 260,000 employees, Verizon's global presence extends
to 40 countries in the Americas, Europe, Asia and the Pacific, as of December
31, 2000.
GTE Venholdings acts as a holding company for Verizon's investment in
Issuer. GTE Venholdings is a wholly-owned subsidiary of GTE S.a r.l. GTE S.a
r.l. is a wholly-owned subsidiary of Verizon International. Verizon
International is a majority-owned subsidiary of Bell Atlantic New Holdings,
which in turn is a wholly-owned subsidiary of Bell Atlantic Latin America, which
in turn is a wholly-owned subsidiary of GTE Venezuela. GTE Venezuela is a
wholly-owned subsidiary of GTE International, which is a wholly-owned subsidiary
of GTE. Verizon owns all of the common stock of GTE. The principal business
office of Verizon, Bell Atlantic Latin America, Bell Atlantic New Holdings and
Verizon International is 1095 Avenue of the Americas, New York, New York 10036.
The principal business office of GTE, GTE International and GTE Venezuela is 600
Hidden Ridge Drive, Irving, Texas. The principal business address of GTE S.a
r.l. is 400 route d'Esch, L-1471 Luxembourg. GTE Venholding's principal business
address is Marten Meesweg 25, 3068 AV Rotterdam, The Netherlands.
The name, residence or business address, principal occupation or
employment and citizenship of each of the executive officers and directors of
the Reporting Persons are set forth in Schedule I hereto.
Within the last five years, none of the Reporting Persons, nor, to
the best of the Reporting Persons' knowledge, any of persons listed on Schedule
I have been convicted in a criminal proceeding (excluding traffic violations and
similar misdemeanors) or have been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject a judgment, decree or final order enjoining future
Page 11 of 23 Pages
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended by adding the following paragraphs:
On October 16, 2001, Verizon issued a press release announcing, among
other things, that it endorsed the approval by the board of directors of Issuer
of a share repurchase program for up to 15% of the Issuer's shares at U.S.
$30.00 per ADS and special shareholder dividend in the amount of approximately
520 Bolivares per share, payable in two installments, equivalent to
approximately U.S. $4.89 per ADS at current exchange rates, representing an
estimated aggregate dividend of approximately U.S. $550 million, based on the
number of shares expected to be outstanding following the consummation of the
share repurchase and also supported the board's directive that Issuer's
management evaluate the company's dividend policy and recommend changes that
would result in an increase in annual dividend payments. These actions by the
Issuer's board of directors were announced by the issuance of an Issuer press
release on October 15, 2001.
Verizon's press release also disclosed that GTE Venholdings, an
affiliate of Verizon that is the controlling shareholder of VenWorld Telecom,
C.A. ("VenWorld") filed a petition with Venezuela's Comision Nacional de Valores
("CNV") to ensure that the voting interest in Issuer held by VenWorld would not
increase as a result of the proposed repurchase program. Such petition was made
in response to an order issued by the CNV that would require VenWorld to
participate in Issuer's repurchase program to the extent necessary to avoid any
increase in VenWorld's ownership in Issuer that otherwise would result from
Issuer's actions. Verizon's investment in the Issuer is held principally through
VenWorld. The petition to the CNV provides that shares equal to any increase in
VenWorld's interest would be placed in a trust and for voting purposes would be
treated in accordance with one of two alternatives. The first alternative would
require that such shares be voted in the same manner as a majority of the shares
present at such meeting. The second alternative would require that such shares
abstain from voting at any Issuer shareholder meeting. The CNV has not yet
responded to the petition. A copy of the English translation of the petition is
filed as Exhibit 99(b) hereto and is incorporated herein by reference.
A copy of the press release is filed as Exhibit 99(a) hereto and
incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
99(a) Press Release dated as of October 16, 2001 (incorporated by
reference to the Schedule 14D-9/A of Verizon, dated October
16, 2001)
99(b) English translation of petition filed with CNV on October 15,
2001 (incorporated by reference to the Schedule 14D-9/A of
Verizon, dated October 16, 2001)
Page 12 of 23 Pages
SIGNATURE
After reasonable 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.
VERIZON COMMUNICATIONS INC.
DATE: OCTOBER 16, 2001 BY: /S/ MICHAEL T. MASIN
-------------------------------------
GTE CORPORATION
DATE: OCTOBER 16, 2001 BY: /S/ MICHAEL T. MASIN
-------------------------------------
GTE INTERNATIONAL
TELECOMMUNICATIONS INCORPORATED
DATE: OCTOBER 16, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
GTE VENEZUELA INCORPORATED
DATE: OCTOBER 16, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
BELL ATLANTIC LATIN AMERICA
HOLDINGS, INC.
DATE: OCTOBER 16, 2001 BY: /S/ JANET M. GARRITY
-------------------------------------
BELL ATLANTIC NEW HOLDINGS, INC.
DATE: OCTOBER 16, 2001 BY: /S/ DANIEL C. PETRI
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Page 13 of 23 Pages
VERIZON INTERNATIONAL HOLDINGS LTD.
DATE: OCTOBER 16, 2001 BY: /S/ ALFRED C. GIAMMARINO
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GTE VENEZUELA S.A.R.L.
BY: GTE VENEZUELA INCORPORATED,
MANAGER
DATE: OCTOBER 16, 2001 BY: /S/ ALFRED C. GIAMMARINO
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GTE VENHOLDINGS B.V.
BY: GTE VENEZUELA INCORPORATED,
MANAGING DIRECTOR
DATE: OCTOBER 16, 2001 BY: /S/ ALFRED C. GIAMMARINO
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Page 14 of 23 Pages
SCHEDULE I
VERIZON COMMUNICATIONS INC. - 1095 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Charles R. Lee Chairman, and Co-Chief Executive Officer United States
Verizon Communications
Ivan G. Seidenberg President, and Co-Chief Executive Officer United States
Verizon Communications
Lawrence T. Babbio, Jr. Vice Chairman and President United States
Verizon Communications
Michael T. Masin Vice Chairman and President United States
Verizon Communications
Frederic V. Salerno Vice Chairman and Chief Financial Officer United States
Verizon Communications
David H. Benson Executive Vice President-Strategy, Development and Planning United States
Verizon Communications
Mary Beth Bardin Executive Vice President United States
Public Affairs and Communications
Verizon Communications
William P. Barr Executive Vice President United States
and General Counsel
Verizon Communications
William F. Heitmann Senior Vice President and Treasurer United States
Verizon Communications
Ezra D. Singer Executive Vice President- United States
Human Resources
Verizon Communications
Dennis F. Strigl Executive Vice President and President United States
Verizon Wireless
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
Page 15 of 23 Pages
Lawrence R. Whitman Senior Vice President and Controller United States
Verizon Communications
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
James R. Barker Chairman of The Interlake Steamship Co. and Vice Chairman of United States
Mormac Marine Group, Inc. and the Moran Towing Company
Edward H. Budd Retired Chairman of the Board United States
of the Travelers Group
Richard L. Carrion Chairman President and United States
Chief Executive Officer
Popular, Inc.
Robert F. Daniell Retired Chairman of the United Technologies Corporation United States
Helene L. Kaplan Of Counsel Skadden, Arps, Slate, Meagher & Flom LLP United States
Charles R. Lee Chairman, and Co-Chief Executive Officer United States
Sandra O. Moose Senior Vice President, Director and United States
Chair of the East Coast Practice,
The Boston Consulting Group, Inc.
Joseph Neubauer Chairman and Chief Executive Officer United States
of ARAMARK Corporation
Thomas H. O'Brien Chairman and Chief Executive Officer of United States
The PNC Financial Service Group, Inc.
Russell E. Palmer Chairman and Chief Executive Officer of United States
The Palmer Group
Hugh B. Price President and Chief Executive Officer United States
National Urban League
Ivan G. Seidenberg President and Co-Chief Executive Officer United States
Walter V. Shipley Retired Chairman of the Board United States
The Chase Manhattan Corporation
John W. Snow Chairman, President and United States
Chief Executive Officer
CSX Corporation
Page 16 of 23 Pages
John R. Stafford Chairman, President and United States
Chief Executive Officer
American Home Products Corporation
Robert D. Storey Partner with the Cleveland Law Firm of United States
Thompson, Hine and Flory LLP
GTE CORPORATION - 1095 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Michael T. Masin Vice Chairman and President United States
Verizon Communications
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
William F. Heitmann Senior Vice President and Treasurer United States
Verizon Communications
Ezra D. Singer Executive Vice President-Human Resources United States
Verizon Communications
Lawrence R. Whitman Senior Vice President and Controller United States
Verizon Communications
Page 17 of 23 Pages
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
William F. Heitmann Senior Vice President and Treasurer United States
Verizon Communications
Michael T. Masin Vice Chairman and Chief Financial Officer United States
Verizon Communications
Ezra D. Singer Executive Vice President-Human Resources United States
Verizon Communications
Lawrence R. Whitman Senior Vice President and Controller United States
Verizon Communications
Page 18 of 23 Pages
GTE INTERNATIONAL TELECOMMUNICATIONS INCORPORATED - 600 HIDDEN RIDGE DRIVE
IRVING, TX 75038
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Michael T. Masin Vice Chairman and President United States
Verizon Communications
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Fares F. Salloum President - International and the Americas Canada
Verizon Services Corp.
Christopher M. Bennett Vice President and General Counsel-International United States
Verizon Services Corp.
Terry W. Lewis Group Senior Vice President Business Services and United States
Support-International
Verizon Services Corp.
Howard M. Svigals Group Vice President-International and the Americas United States
Verizon Services Corp.
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Michael T. Masin Vice Chairman and Chief Financial Officer United States
Verizon Communications
Page 19 of 23 Pages
GTE VENEZUELA INCORPORATED - 600 HIDDEN RIDGE DRIVE
IRVING, TX 75038
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Fares F. Salloum President-International and the Americas Canada
Verizon Services Corp.
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Christopher M. Bennett Vice President and Associate General Counsel-International United States
Verizon Services Corp.
Ruben G. Perlmutter Associate General Counsel-Americas United States
Verizon Services Corp.
Terry W. Lewis Group Senior Vice President Business Services and United States
Support-International
Verizon Services Corp.
Howard M. Svigals Group Vice President-International and the Americas United States
Verizon Services Corp.
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Marianne Drost Senior Vice President, Deputy General Counsel and Corporate United States
Secretary
Verizon Communications
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Fares F. Salloum President-International and the Americas Canada
Verizon Services Corp.
Page 20 of 23 Pages
BELL ATLANTIC LATIN AMERICA HOLDINGS, INC. - 1095 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Janet M. Garrity Assistant Treasurer-Financing and Cash Operations United States
Verizon Communications
Joshua W. Martin, III President United States
Verizon Delaware
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Janet M. Garrity Assistant Treasurer-Financing and Cash Operations
Verizon Communications
William F. Heitmann Senior Vice President and Treasurer United States
Verizon Communications
Joshua W. Martin, III President United States
Verizon Delaware
Frederic V. Salerno Vice Chairman and Chief Financial Officer United States
Verizon Communications Inc.
BELL ATLANTIC NEW HOLDINGS, INC. - 1095 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Daniel C. Petri President-International, Europe and Asia United States
Verizon Services Corp.
Mary Louise Weber Assistant General Counsel-Securities and Corporate Finance United States
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Daniel C. Petri President-International, Europe and Asia United States
Verizon Services Corp.
Dermott O. Murphy Group Vice President-Finance and Strategic Planning United States
Verizon Services Corp.
Page 21 of 23 Pages
VERIZON INTERNATIONAL HOLDINGS LTD. - 1095 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---- -------------------- -----------
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Christopher M. Bennett Vice President and Associate General Counsel-International United States
Verizon Services Corp.
J. Goodwin Bennett Vice President and Associate General Counsel-Strategic United States
Transactions
Verizon Services Corp.
Dermott O. Murphy Group Vice President-Finance and Strategic Planning United States
Verizon Services corp.
(b) Directors
Name Principal Occupation Citizenship
---- -------------------- -----------
Christopher M. Bennett Vice President and General Counsel-International United States
Verizon Services Corp.
Janet M. Garrity Assistant Treasurer-Financing and Cash Operations United States
Verizon Communications
Alfred C. Giammarino Senior Vice President and Chief Financial Officer-International United States
and Information Services
Verizon Services Corp.
Dermott O. Murphy Group Vice President-Finance and Strategic Planning United States
Verizon Services Corp.
Page 22 of 23 Pages
GTE VENEZUELA S.A R.L. - 400 ROUTE D' ESCH
L-1471 LUXEMBOURG
The Manager of GTE Venezuela S.a r.l. is GTE Venezuela Incorporated. There are
no natural persons serving as directors or executive officers of GTE Venezuela
S.a r.l.
GTE VENHOLDINGS B.V. - MARTEN MEESWEG 25
3068 AV ROTTERDAM
THE NETHERLANDS
The Managing Director of GTE Venholdings B.V. is GTE Venezuela Incorporated.
There are no natural persons serving as directors or executive officers of GTE
Venholdings B.V.
Page 23 of 23 Pages
Exhibit Index
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Name of Exhibit
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99(a) Press Release dated as of October 16, 2001
(incorporated by reference to the Schedule 14D-9/A of
Verizon, dated October 16, 2001)
99(b) English translation of petition filed with the CNV on
October 15, 2001 (incorporated by reference to the
Schedule 14D-9/A of Verizon, dated October 16, 2001)