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. 7)
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)
November 5, 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 14 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 14 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 14 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 14 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 14 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 14 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 14 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 14 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 14 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 seventh amendment ("Amendment No. 7") 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, October 10, 2001, October 16, 2001 and October 22, 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 4. Purpose of Transaction
Item 4 is hereby amended by adding the following paragraphs to the end
thereof:
"On October 9, 2001, the CNV issued a Resolution (Resolution 217)
ordering VenWorld to offer and sell its proportional holding of the shares
offered and accepted pursuant to the Company's share repurchase plan, with the
objective of avoiding an increase in VenWorld's control or in its level of
participation in the capital of the Company. This order was confirmed by the CNV
by the issuance of a resolution (Resolution 228) on October 19, 2001.
On October 24, 2001, the Company commenced a tender offer in the United
States for ADSs of the Company at $30.00 per ADS and a tender offer in Venezuela
for Class D Shares of the Company at approximately $4.29 per Class D Share
(collectively, the "Offers"). VenWorld will tender a number of securities
pursuant to the Offers such that after completion of the Offers, VenWorld's
percentage ownership in the Company will be equal to its percentage ownership in
the Company immediately prior to the completion of the Offers.
On November 5, 2001, GTE Venholdings B.V., an indirect subsidiary of
Verizon, informed the Company that it intends to likewise tender a number of
securities pursuant to the Offers such that after completion of the Offers, GTE
Venholdings B.V.'s direct percentage ownership interest in the Company will be
equal to its direct percentage ownership in the Company immediately prior to the
completion of the Offers."
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 22, 2001 BY: /S/ MICHAEL T. MASIN
-------------------------------------
GTE CORPORATION
DATE: OCTOBER 22, 2001 BY: /S/ MICHAEL T. MASIN
-------------------------------------
GTE INTERNATIONAL
TELECOMMUNICATIONS INCORPORATED
DATE: OCTOBER 22, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
GTE VENEZUELA INCORPORATED
DATE: OCTOBER 22, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
BELL ATLANTIC LATIN AMERICA
HOLDINGS, INC.
DATE: OCTOBER 22, 2001 BY: /S/ JANET M. GARRITY
-------------------------------------
BELL ATLANTIC NEW HOLDINGS, INC.
DATE: OCTOBER 22, 2001 BY: /S/ DANIEL C. PETRI
-------------------------------------
VERIZON INTERNATIONAL HOLDINGS LTD.
DATE: OCTOBER 22, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
GTE VENEZUELA S.A.R.L.
BY: GTE VENEZUELA INCORPORATED,
MANAGER
DATE: OCTOBER 22, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
GTE VENHOLDINGS B.V.
BY: GTE VENEZUELA INCORPORATED,
MANAGING DIRECTOR
DATE: OCTOBER 22, 2001 BY: /S/ ALFRED C. GIAMMARINO
-------------------------------------
Exhibit Index
-------------
Name of Exhibit
---------------
99(c) Press Release dated as of October 22, 2001 (incorporated by reference
to the Schedule 14D-9/A of Verizon, dated October 22, 2001)
99(d) English translation of CNV ruling (Resolution 228) (incorporated by
reference to the Schedule 14D-9/A of Verizon, dated October 19, 2001)
99(e) English translation of CNV ruling (Resolution 227) (incorporated by
reference to the Schedule 14D-9/A of Verizon, dated October 19, 2001)