UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)(1)
Telecom Corporation of New Zealand Limited
------------------------------------------
(Name Of Issuer)
Ordinary Shares, par value NZ$1.00 per share
------------------------------------------
(Title of Class of Securities)
N/A
------------------------------------------
(CUSIP Number)
December 31, 2002
------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
---------------------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("the Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 17 pages
-------------------
CUSIP NO. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Verizon Communications Inc. #23-2259884
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 2 of 17 pages
-------------------
CUSIP No. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GTE Corporation #13-1678633
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 3 of 17 pages
-------------------
CUSIP No. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GTE International Telecommunication Incorporated
#06-1460807
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 4 of 17 pages
-------------------
CUSIP NO. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
GTE Venezuela Incorporated #13-3634506
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 5 of 17 pages
-------------------
CUSIP NO. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Bell Atlantic Latin America Holdings, Inc.
#541679838
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 6 of 17 pages
-------------------
CUSIP No. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Bell Atlantic New Holdings, Inc. #232726821
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 7 of 17 pages
-------------------
CUSIP NO. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Verizon International Holdings Ltd. #13-4153957
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 8 of 17 pages
-------------------
CUSIP No. 13G
-------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Bell Atlantic Holdings Limited
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
(B) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
-------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Ordinary Shares
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 3,425,670 Ordinary Shares
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 Ordinary Shares
----------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,425,670 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1% of the aggregate of the Issuer's Ordinary Shares, par
value NZ$1.00 per share.
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
Page 9 of 17 pages
Item 1.
(a) Name of Issuer
Telecom Corporation of New Zealand Limited ("TCNZ")
(b) Address of Issuer's Principal Executive Offices
Telecom Networks House
68 Jervois Quay
Wellington, New Zealand
Item 2.
(a) Name of Persons Filing
Verizon Communications Inc. ("Verizon")
GTE Corporation ("GTE")
GTE International Telecommunications Incorporated ("GTE
International")
GTE Venezuela Incorporated ("GTE Venezuela")
Bell Atlantic Latin America Holdings, Inc. ("BALAH")
Bell Atlantic New Holdings, Inc. ("BANHI")
Verizon International Holdings Ltd. ("VIHL")
Bell Atlantic Holdings Limited ("BAHL")
(b) Address of Principal Business Office or, if none, Residence
For each of Verizon, GTE, GTE International and GTE Venezuela:
1095 Avenue of the Americas
New York, New York 10036
For each of BALAH and BANHI:
1310 North Court House Road
Arlington, Virginia 22201
For each of VIHL and BAHL:
c/o AS&K Services Ltd.
Cedar House
41 Cedar Avenue
Hamilton HM12, Bermuda
Page 10 of 17 pages
(c) Citizenship
Each of Verizon, BANHI, BALAH, GTE Venezuela and GTE
International is incorporated under the laws of the State of
Delaware.
GTE is incorporated under the laws of the State of New York.
Each of VIHL and BAHL is incorporated under the laws of
Bermuda.
(d) Title of Class of Securities
Ordinary Shares, par value NZ$1.00 per share (the "Ordinary
Shares")
(e) CUSIP Number
N/A
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange
Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Exchange Act
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act
(e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company or Control Person in accordance with
Rule 13d-1(b)(1)(ii)(G)
(h) [ ] Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
Item 4. Ownership
Page 11 of 17 pages
(a) Amount Beneficially Owned:
3,425,670 Ordinary Shares (as of December 31, 2002)
(b) Percent of Class:
Less than 1% of the aggregate of the Ordinary Shares.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 3,425,670
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
3,425,670
BAHL owns of record and beneficially 3,425,670 Ordinary Shares. VIHL owns 100%
of the equity of BAHL. BANHI owns 95.6% of the equity of VIHL. BALAH owns 100%
of the equity of BANHI. GTE Venezuela owns 100% of the equity of BALAH. GTE
International owns 100% of the equity of GTE Venezuela. GTE owns 68.6% of the
equity of GTE International. Verizon owns 100% of the common stock of GTE. By
virtue of the relationships among such companies, each of them may be deemed to
have shared power to vote and dispose of, or to direct the vote and disposition
of, the 3,425,670 Ordinary Shares held of record by BAHL.
Item 5. Ownership of Five Percent or Less of a Class:
This statement is being filed to report the fact that as of the date
hereof the reporting persons have ceased to be the beneficial owners of more
than five percent of the Ordinary Shares.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported On by the Parent Holding Company:
See Item 4.
Item 8. Identification and Classification of Members of the Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certifications:
Page 12 of 17 pages
Not Applicable.
Page 13 of 17 pages
SIGNATURES
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.
February 12, 2003
VERIZON COMMUNICATIONS INC.
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
GTE CORPORATION
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
GTE INTERNATIONAL
TELECOMMUNICATIONS INCORPORATED
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
GTE VENEZUELA INCORPORATED
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
Page 14 of 17 pages
BELL ATLANTIC LATIN AMERICA
HOLDINGS, INC.
/s/ Christopher M. Bennett
----------------------------------------
Signature
Christopher M. Bennett - Vice President
----------------------------------------
Name/Title
BELL ATLANTIC NEW HOLDINGS, INC.
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Secretary
----------------------------------------
Name/Title
VERIZON INTERNATIONAL HOLDINGS
LTD.
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Assistant Secretary
----------------------------------------
Name/Title
BELL ATLANTIC HOLDINGS LIMITED
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Assistant Secretary
----------------------------------------
Name/Title
Page 15 of 17 pages
EXHIBIT A
AGREEMENT AS TO JOINT FILING OF
SCHEDULE 13G
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the persons named below agree to the joint filing on behalf of each of them of a
Statement on Schedule 13G (including amendments thereto) with respect to the
Ordinary Shares of Telecom Corporation of New Zealand Limited and further agree
that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned hereby execute this Agreement as
of the 14th day of February, 2002.
VERIZON COMMUNICATIONS INC.
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
GTE CORPORATION
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
GTE INTERNATIONAL
TELECOMMUNICATIONS INCORPORATED
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
Page 16 of 17 pages
GTE VENEZUELA INCORPORATED
/s/ Marianne Drost
----------------------------------------
Signature
Marianne Drost - Corporate Secretary
----------------------------------------
Name/Title
BELL ATLANTIC LATIN AMERICA
HOLDINGS, INC.
/s/ Stephen B. Heimann
----------------------------------------
Signature
Stephen B. Heimann - Assistant Secretary
----------------------------------------
Name/Title
BELL ATLANTIC NEW HOLDINGS, INC.
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Secretary
----------------------------------------
Name/Title
VERIZON INTERNATIONAL HOLDINGS
LTD.
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Assistant Secretary
----------------------------------------
Name/Title
BELL ATLANTIC HOLDINGS LIMITED
/s/ Mary Louise Weber
----------------------------------------
Signature
Mary Louise Weber - Assistant Secretary
----------------------------------------
Name/Title
Page 17 of 17 pages