UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
AMENDMENT NO. 1
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Convergence Communications, Inc.
--------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
----------------------------------------
(Title of Class of Securities)
None
--------------
(CUSIP Number)
Luis Jose Diaz Zuloaga
Edificio La Electicidad de Caracas
Avenida Vollmer
Urbanizacion San Bernardino
Caracas 1010-A-Venezuela
011-58-2-502-21-11
-------------------------------------------------
(Name, Address, and Telephone Number of Persons
Authorized to Receive Notices and Communications)
November 16, 1999
------------------------------------------------------
(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 which is the subject of this Schedule 13D and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
(Page 1 of 6 Pages)
<PAGE>
CUSIP No. None 13D Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON Telematica EDC, C.A.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS: WC
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela
- --------------------------------------------------------------------------------
NUMBER OF 7) SOLE VOTING POWER 4,666,666
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER 0
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER 4,666,666
REPORTING --------------------------------------------------------------
PERSON WITH 10) SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 4,666,666
BY EACH REPORTING PERSON
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 28.4%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON: CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. None 13D Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON CORPORACION EDC, C.A.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS: WC
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela
- --------------------------------------------------------------------------------
NUMBER OF 7) SOLE VOTING POWER 4,666,666
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER 0
OWNED BY --------------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER 4,666,666
REPORTING --------------------------------------------------------------
PERSON WITH 10) SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED 4,666,666
BY EACH REPORTING PERSON
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 28.4%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON: CO
- --------------------------------------------------------------------------------
<PAGE>
Page 4 of 6 Pages
This Amendment No. 1 amends Items 2, 3, 4 and 5 of the Schedule 13D of
the Reporting Persons, as well as Exhibit 1 thereto. Capitalized terms used
herein without definition have the meanings set forth in the Reporting Persons'
Schedule 13D.
Item 2. Identity and Background.
- ------- ------------------------
(a) and (b) The principal office and place of business for Telematica
and CEDC, as well as the business address for their officers and directors, is
Edificio La Electicidad de Caracas, Avenida Vollmer, Urbanizacion San
Bernardino, Caracas 1010-A-Venezuela.
Item 3. Source and Amount of Funds or Other Consideration
- ------- -------------------------------------------------
Telematica used $10,000,000 of its working capital to purchase
1,333,333 shares of the Issuer's Series C Convertible Preferred Stock on
November 16, 1999, and $15,000,000 of its working capital to purchase 2,000,000
shares of the Issuer's Series C Convertible Preferred Stock on October 18, 1999.
Item 4. Purpose of Transaction.
- ------- -----------------------
On November 16, 1999, Telematica and TCW each purchased 1,333,333
shares of the Issuer's Series C Convertible Preferred Stock, and IFC purchased
666,666 shares of the Issuer's Series C Convertible Preferred Stock, all at a
price of $7.50 per share. On that same date, Telematica and TCW each received
options to purchase 533,333 shares of the Issuer's Series C Convertible
Preferred Stock and warrants to purchase 333,333 shares of the Issuer's Common
Stock, and IFC received options to purchase 266,666 shares of the Issuer's
Series C Convertible Preferred Stock and warrants to purchase 166,666 shares of
the Issuer's Common Stock. The terms of the options and the warrants are the
same as those set forth in the Schedule 13D. Also, on November 16, 1999, the
transactions described in the Schedule 13D with respect to CCI Salvador were
consummated.
<PAGE>
Page 5 of 6 Pages
Item 5. Interest in Securities of the Issuer.
- ------- -------------------------------------
(a) As of the date hereof, Telematica and CEDC could be deemed to own
beneficially an aggregate of 4,666,666 shares of the Issuer's Common Stock, that
is, 3,333,333 shares of the Issuer's Class C Convertible Preferred Stock and
options to purchase 1,333,333 shares of the Issuer's Class C Convertible
Preferred Stock, which together are convertible into 4,666,666 shares of Common
Stock (approximately 28.4% of the adjusted outstanding shares of Common Stock of
the Issuer). The other parties to the Shareholders Agreement could be deemed to
own beneficially an aggregate of 23,987,148 shares of the Issuer's Common Stock
(approximately 91.7% of the adjusted outstanding Common Stock of the Issuer).
(b) Telematica and CEDC have sole power to vote and dispose the
4,666,666 shares of the Issuer's Common Stock that they could be beneficially
deemed to own.
(c) See Item 4.
(d) Not Applicable.
(e) Not Applicable.
<PAGE>
Page 6 of 6 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.
Dated: December 22, 1999
TELEMATICA EDC, C.A.
By: /x/ Norberto Corredor
--------------------------
CORPORACION EDC, C.A.
By: /x/ Luis Jose Diaz Zuloaga
--------------------------
<PAGE>
EXHIBIT 1
DIRECTORS AND EXECUTIVE OFFICERS
OF TELEMATICA AND CEDC
The name, present principal occupation or employment, and the name of
any corporation or other organization in which such employment is conducted, of
each director, advisory director and executive officer of Telematica and CEDC is
set forth below. The business address of each such person is Edificio La
Electicidad de Caracas, Avenida Vollmer, Urbanizacion San Bernardino, Caracas
1010-A-Venezuela and, unless otherwise noted, each such person is a citizen of
Venezuela.
TELEMATICA DIRECTORS
--------------------
Name Present Principal Occupation or Employment
---- ------------------------------------------
Luis Jose Diaz Zuloaga Executive Vice President of CEDC.
Gabriel Aiquel Director of Manufacturing and Services
Division of CEDC.
German Uzcategui Director of Water Division of CEDC.
TELEMATICA OFFICERS
-------------------
Name Present Principal Occupation or Employment
---- ------------------------------------------
Luis Jose Diaz Zuloaga Executive Vice President of CEDC.
Luis Alfredo Bruzual Martinez President of Fondo de Prevision de los
trabajadores de la EDC y sus Filiales;
Secretary of Board of Directors of
Electricidad de Caracas and CEDC.
<PAGE>
CEDC DIRECTORS AND ALTERNATE DIRECTORS
--------------------------------------
Name Present Principal Occupation or Employment
---- ------------------------------------------
Francisco G. Aguerrevere Chairman of CEDC, Member of the Board of
Directors of Mercantil Servicios Financieros,
Banco Mercantil, C.A. - S.A.C.A Banco
Universal ("Banco Mercantil"), Siderurgica
Venezolana, S.A. ("SIVENSA"), Compania
Anonima Nacional Telefonos de Venezuela, C.A.
("CANTV"), Venezolana de Pulpa y Papel
("VENEPAL"), EPSA, CAESS, EEO. Member of
Consejo de Fomento de la Universidad Catolica
Andres Bello and the Consejo Directivo del
Instituto de Estudios Superiores de
Administracion.
Oscar A. Machado Koeneke Vice Chairman of CEDC. Chief Executive
Officer of SIVENSA; President of Venezuela
Competitiva. Advisor to the Asociacion
Venezolana de Ejecutivos and the Instituto
Venezolano de Siderurgia. Member of Board of
Directors of SIVENSA, C.A. La Electricidad de
Caracas, Banco Mercantil and Aeropuerto
Caracas.
Miguel A. Capriles Canizzaro Director of CEDC.
Miguel A. Capriles Lopez Director of CEDC, President of Cadena
Capriles and Inversiones Capriles. Member of
Board of Directors of C.A. La Electricidad de
Caracas, Banco Mercantil, C.A.. and Mercantil
Servicios Financieros.
Adan Celis Gonzalez Director of CEDC. Lawyer. Member of Board of
Directors of C.A. La Electricidad de Caracas.
Chairman of Board of Directors of Siderurgica
del Orinoco ("SIDOR") and Compania Venezolana
de Ceramicas.
Andres Regue Mendoza Director of CEDC. President of CODENSA S.A.
(Nationality: Spanish) Vice-President of Consorcio Energetico Punta
Cana-Macanao (Dominican Republic). Member of
Board of Directors of EMGESA, BETANIA and
ENDESA (Chile).
<PAGE>
Luis Ignacio Mendoza Director of CEDC. Partner of Rodriguez &
Mendoza Law Firm. Vice President of Valores
Quimicos Valquimica, S.A. Director of
SIVENSA, MAVESA, S.A., NEGROVEN, S.A.,
TRIPOLIVEN, S.A. and Carton de Venezuela,
S.A.
Bernardo Velutini Director of CEDC. President de Inversiones
Transbanca C.A.
Ricardo Zuloaga Director of CEDC. President of Urbanizadora
CORINSA, C.A., Urbanizadora La Rosa, C.A.,
INTERPRET, Hato El Milagro, C.A., Fundacion
Ricardo Zuloaga and Fundacion Carlos
Pacanins. Member of Board of Directors of
C.A. La Electricidad de Caracas, Urbanizadora
Maturin, C.A., Faisa, S.A., El Recreo, S.A.,
CALEV, NEGROVEN, S.A., Westinghouse de
Venezuela, and Valores Quimicos, C.A. Member
of Board of Consultants to Banco Mercantil,
Banco Noroco. Advisor to the Universidad
Metropolitana, Fundacion Universidad
Metropolitana, Universidad Catolica Andres
Bello, Fundacion Mendoza and CENDICE.
Leopoldo Baptista Alternate Director of CEDC. Director of group
"La Rosa." President of CALEY, ELEGGUA and
Inversiones Palo Alto, S.R.L.
Armando Benacerraf Alternate Director of CEDC. President of
Yormar, C.A. Investments and Edifications.
Henrique Capriles Alternate Director of CEDC. Business Advisor.
Magaly Cannizzaro de Capriles Alternate Director of CEDC. Vice President of
Cadena de Publicaciones Capriles and
President of Valores y Desarrollos, S.A.
Melchor Perrusquia Berrizbeitia Alternate Director of CEDC. Vice President of
zNationality: Mexican) Cuatitlan Industries. Director and President
of Grupo Industrial e Inmobiliaria
Cuautitlan, Inmobiliaria KL, Constructora
Karmel, Pluz, C.A., Servicios Industriales
Dinamicos, Peber Iluminacion, Empresa
Importadora e Exportadora Mundial, United
Trading, Mundo de Iluminacion, Arrendadora
Kaira, Dinamica Enpe y Producciones Guacamole
in Mexico City.
<PAGE>
Miguel A. Capriles Capriles Alternate Director of CEDC. Alternate
Director of Banco Mercantil, C.A. and
Consorcio Inversionista Mercantil CIMA.
Gustavo Vollmer Alternate Director of CEDC. President of
Corporacion Palmar, S.A. Director of
Consorcio Inversionista Mercantil,
Siderurgica de Venezuela, S.A. Envases
Venezolanos e Industrias VENOCO. President
and member of the Board of "Consejo de
Empresarios Venezuela-Estados Unidos" and
member, Universidad Catolica Andres Bello
Alianza para una Venezuela sin Drogas;
Fundacion Venezuela 2000; Grupo Cincuenta
Consejo Consultivo de Coindustria, Board of
Trustees of Helen Keller International and
Consejo Consultivo of the New York Stock
Exchange for Latin America. Director of Banco
Mercantil,C.A.
Jorge Pirela L. Alternate Director of CEDC. President CALEV,
VICASA, S.A. and TRANSCASA. President
CAVEINEL. Member of the Board of Directors of
FEDECAMARAS.
Victor Sierra Alternate Director of CEDC. Degree in Law
from Universidad Central de Venezuela.
President of Cadena de Publicaciones
Capriles. Director of Banco Mercantil, C.A.,
Consorcio Inversionista Mercantil CIMA,
C.A.S.A.
Alberto J. Vollmer Alternate Director of CEDC. President of C.A.
Ron Santa Teresa, Alberto Vollmer Foundation,
Inc., Fundacion Simon Bolivar para las
Ciencias, Japan-Venezuela Economic
Cooperation Committee, Inversiones Tiquirito,
C.A. and Vencosul, S.A. Vice-President of
Comision de Seguridad y Defensa Nacional y
Comision de Asunto Economicos
Internacionales. Director of Alianza
Latinoamericana para la Familia.
<PAGE>
Jose Manuel Kindelan Alternate Director of CEDC. Manager of
(Nationality: Spanish) Participadas Internacionales de ENDESA.
CEDC OFFICERS
-------------
Name Present Principal Occupation or Employment
---- ------------------------------------------
Luis Jose Diaz Zuloaga Executive Vice President of CEDC.
Alexis Butto Director of Electricity Division of CEDC.
Elbano Provenzali Director of Hydrocarbons Division of CEDC.
German Uzcategui Director of Water Division of CEDC.
Gabriel Aiquel Director of Manufacturing and Services
Division of CEDC.
