SC 13D/A
Table of Contents

 
 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 12 )*

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, Esq.
Senior Vice President, Deputy General Counsel and Corporate Secretary
Verizon Communications Inc.
140 West Street, New York, New York 10007
(212) 395-1000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
with copies to:
Matias A. Vega, Esq.
Curtis, Mallet-Prevost, Colt & Mosle LLP
101 Park Avenue
New York, New York 10178
(212) 696-6000
October 2, 2006
(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), Rule 13d-1(f) or Rule 13d-1(g), check the following box. o

* 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 disclosures provided in a prior cover page.

The information required on 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 (“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).

 
 

 

Table of Contents

                     
CUSIP No.
  
P3055Q103 (Class D Shares)
204429101 (ADSs)

 

           
1   Names of Reporting Persons

Verizon Communications Inc.
   
  I.R.S. Identification Nos. of above persons (entities only)
 
  23-2259884
     
2   Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (see instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
   
  None
     
6   Citizenship or Place of Organization
   
  State of Delaware
       
  7   Sole Voting Power
     
Number of   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   Class D Shares:      None
ADSs:                   None
       
Each 9   Sole Dispositive Power
Reporting    
Person   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
With 10   Shared Dispositive Power
     
    Class D Shares:      None
ADSs:                   None
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  Class D Shares                          28,009,177*
ADSs:                            4,001,311
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares(see instructions)
   
  Not applicable
     
13   Percent of Class Represented by Amount in Row (11)
   
  6.5% (the 4,001,311 ADSs represent 28,009,177 Class D Shares, which represent approximately 6.5% of the total Class D Shares outstanding).
     
14   Type of Reporting Person (see instructions)
   
  HC
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may exchange ADSs for Class D Shares, the Reporting Persons may be deemed to beneficially own 28,009,177 Class D Shares.
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Table of Contents

                     
CUSIP No.
  
P3055Q103 (Class D Shares)
204429101 (ADSs)

 

           
1   Names of Reporting Persons

GTE Corporation
   
  I.R.S. Identification Nos. of above persons (entities only)
 
  13-1678633
     
2   Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (see instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
   
  None
     
6   Citizenship or Place of Organization
   
  State of New York
       
  7   Sole Voting Power
     
Number of   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   Class D Shares:      None
ADSs:                   None
       
Each 9   Sole Dispositive Power
Reporting    
Person   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
With 10   Shared Dispositive Power
     
    Class D Shares:      None
ADSs:                   None
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  Class D Shares                          28,009,177*
ADSs:                            4,001,311
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares(see instructions)
   
  Not applicable
     
13   Percent of Class Represented by Amount in Row (11)
   
  6.5% (the 4,001,311 ADSs represent 28,009,177 Class D Shares, which represent approximately 6.5% of the total Class D Shares outstanding).
     
14   Type of Reporting Person (see instructions)
   
  HC
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may exchange ADSs for Class D Shares, the Reporting Persons may be deemed to beneficially own 28,009,177 Class D Shares.
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Table of Contents

                     
CUSIP No.
  
P3055Q103 (Class D Shares)
204429101 (ADSs)

 

           
1   Names of Reporting Persons

Verizon International Holdings Inc.
   
  I.R.S. Identification Nos. of above persons (entities only)
 
  06-1460807
     
2   Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (see instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
   
  None
     
6   Citizenship or Place of Organization
   
  State of Delaware
       
  7   Sole Voting Power
     
Number of   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   Class D Shares:      None
ADSs:                   None
       
Each 9   Sole Dispositive Power
Reporting    
Person   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
With 10   Shared Dispositive Power
     
    Class D Shares:      None
ADSs:                   None
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  Class D Shares                          28,009,177*
ADSs:                            4,001,311
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares(see instructions)
   
  Not applicable
     
13   Percent of Class Represented by Amount in Row (11)
   
  6.5% (the 4,001,311 ADSs represent 28,009,177 Class D Shares, which represent approximately 6.5% of the total Class D Shares outstanding).
     
14   Type of Reporting Person (see instructions)
   
  HC
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may exchange ADSs for Class D Shares, the Reporting Persons may be deemed to beneficially own 28,009,177 Class D Shares.
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Table of Contents

                     
CUSIP No.
  
P3055Q103 (Class D Shares)
204429101 (ADSs)

 

           
1   Names of Reporting Persons

GTE Venezuela S.a r.l.
   
  I.R.S. Identification Nos. of above persons (entities only)
 
  Not applicable
     
2   Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (see instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
   
  None
     
6   Citizenship or Place of Organization
   
  Luxembourg
       
  7   Sole Voting Power
     
Number of   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   Class D Shares:      None
ADSs:                   None
       
Each 9   Sole Dispositive Power
Reporting    
Person   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
With 10   Shared Dispositive Power
     
    Class D Shares:      None
ADSs:                   None
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  Class D Shares                          28,009,177*
ADSs:                            4,001,311
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares(see instructions)
   
  Not applicable
     
13   Percent of Class Represented by Amount in Row (11)
   
  6.5% (the 4,001,311 ADSs represent 28,009,177 Class D Shares, which represent approximately 6.5% of the total Class D Shares outstanding).
     
14   Type of Reporting Person (see instructions)
   
  HC
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may exchange ADSs for Class D Shares, the Reporting Persons may be deemed to beneficially own 28,009,177 Class D Shares.
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Table of Contents

                     
CUSIP No.
  
P3055Q103 (Class D Shares)
204429101 (ADSs)

 

           
1   Names of Reporting Persons

GTE Venholdings B.V.
   
  I.R.S. Identification Nos. of above persons (entities only)
 
  98-0347727
     
2   Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   o 
  (b)   o 
     
3   SEC Use Only
   
   
     
4   Source of Funds (see instructions)
   
  Not applicable
     
5   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
   
  None
     
6   Citizenship or Place of Organization
   
  Netherlands
       
  7   Sole Voting Power
     
Number of   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
Shares 8   Shared Voting Power
Beneficially    
Owned by   Class D Shares:      None
ADSs:                   None
       
Each 9   Sole Dispositive Power
Reporting    
Person   Class D Shares:      28,009,177*
ADSs:                   4,001,311
       
With 10   Shared Dispositive Power
     
    Class D Shares:      None
ADSs:                   None
     
11   Aggregate Amount Beneficially Owned by Each Reporting Person
   
  Class D Shares                          28,009,177*
ADSs:                            4,001,311
     
12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares(see instructions)
   
  Not applicable
     
13   Percent of Class Represented by Amount in Row (11)
   
  6.5% (the 4,001,311 ADSs represent 28,009,177 Class D Shares, which represent approximately 6.5% of the total Class D Shares outstanding).
     
14   Type of Reporting Person (see instructions)
   
  HC
* The 4,001,311 ADSs represent 28,009,177 Class D Shares. Because the holder may exchange ADSs for Class D Shares, the Reporting Persons may be deemed to beneficially own 28,009,177 Class D Shares.
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Amendment No. 12 to Schedule 13D
     This is the twelfth amendment (“Amendment No. 12”) 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, October 22, 2001, November 5, 2001, December 6, 2001, March 6, 2002, April 3, 2006 and July 5, 2006, relating to the Class D Common Shares, nominal value Bs. 36.90182224915 per share (the “Class D Shares”), and American Depository Shares, each representing seven Class D Shares (the “ADSs”) of Compania Anonima Nacional Telefonos de Venezuela (the “Issuer”). 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:
TABLE OF CONTENTS

Item 4. Purpose of Transaction
Item 7. Material to Be Filed as Exhibits
Exhibit Index
SIGNATURE
Exhibit Index
EX-99.1: AMENDMENT NO. 2 TO STOCK PURCHASE AGREEMENT

Table of Contents

Item 4. Purpose of Transaction
     The information in Item 4 of the Schedule 13D is hereby amended by adding the following at the end thereof:
     On October 2, 2006, Buyer and Sellers entered into Amendment No. 2 to the Stock Purchase Agreement (“Amendment No. 2”). Amendment No. 2 extends to December 29, 2006 the date by which, if the Sale has not been consummated, Buyer or Sellers may thereafter unilaterally terminate the Stock Purchase Agreement (unless the failure of the Sale to be consummated is attributable to a material breach by the party so seeking to terminate the Stock Purchase Agreement). A copy of Amendment No. 2 is attached hereto as Exhibit 1.
Item 7. Material to Be Filed as Exhibits
Exhibit Index
     
Exhibit No.   Description
 
1
  Amendment No. 2 to Stock Purchase Agreement, dated as of October 2, 2006, by and among GTE Venezuela S.a r.l., Verizon International Holdings, Inc. and Oarsman Investments B.V.

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Table of Contents

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.
     Date: October 3, 2006
             
    VERIZON COMMUNICATIONS INC.    
 
   /s/ John W. Diercksen        
         
 
  By:   John W. Diercksen    
 
            
    GTE CORPORATION    
 
   /s/ Marianne Drost        
         
 
  By:   Marianne Drost    
 
            
    VERIZON INTERNATIONAL HOLDINGS INC.    
 
   /s/ J. Goodwin Bennett        
         
 
  By:   J. Goodwin Bennett    
 
            
    GTE VENEZUELA S.A R.L.    
 
  By:   VERIZON INTERNATIONAL HOLDINGS INC., MANAGER    
 
   /s/ J. Goodwin Bennett        
         
 
  By:   J. Goodwin Bennett    
 
            
    GTE VENHOLDINGS B.V.    
 
  By:   VERIZON INTERNATIONAL HOLDINGS INC., MANAGING DIRECTOR    
 
   /s/ J. Goodwin Bennett        
         
 
  By:   J. Goodwin Bennett    

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Table of Contents

Exhibit Index
     
Exhibit No.   Description
 
1
  Amendment No. 2 to Stock Purchase Agreement, dated as of October 2, 2006, by and among GTE Venezuela S.a r.l., Verizon International Holdings, Inc. and Oarsman Investments B.V.

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