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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d -102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 1)
Viatel, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
925529208
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
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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)
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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 disclosure 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).
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CUSIP No. 925529208 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
COMSAT Corporation 52-0781863
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
District of Columbia
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NUMBER OF 5 SOLE VOTING POWER 1,025,538
SHARES
BENEFICIALLY -------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
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REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER 1,025,538
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,025,538
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.43%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 925529208 13G Page 3 of 6 Pages
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1 NAME OF REPORTING PERSONS
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
COMSAT International, Inc. 52-1640843
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES 5 SOLE VOTING POWER 1,025,538
BENEFICIALLY
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OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING ----------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER 1,025,538
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,025,538
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.43%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Viatel, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
800 Third Avenue
New York, New York 10022
Item 2(a). Name of Person Filing:
COMSAT Corporation (May be deemed to have beneficial ownership of shares
held by COMSAT International, Inc.)
COMSAT International, Inc. (stockholder)
Item 2(b). Address of Principal Business Office or, if None, Residence:
6560 Rock Spring Drive
Bethesda, Maryland 20817
Item 2(c). Citizenship:
COMSAT Corporation District of Columbia
COMSAT International, Inc. Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
925529208
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
Not applicable. This statement is being filed pursuant to Rule 13d-1(d).
Item 4. Ownership.
(a) Amount beneficially owned: 1,025,538 shares
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(b) Percent of class: 4.43%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote
1,025,538 shares,
(ii) Shared power to vote or direct the vote
0 shares,
(iii) Sole power to dispose or to direct the disposition of
1,025,538 shares, and
(iv) Shared power to dispose or to direct the disposition of
0 shares.
Item 5. Ownership of Five Percent or Less of a Class.
As of December 31, 1998, COMSAT International, Inc. and COMSAT Corporation
beneficially owned 1, 025,538 shares of Viatel, Inc., which represented less
than five percent of the issued and outstanding shares of Common Stock of
Viatel, Inc. As of February 12, COMSAT International, Inc. beneficially owned
917,538 shares of Viatel, Inc., which represents 3.96% of the issued and
outstanding shares of Common Stock of Viatel, Inc.
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.
COMSAT International, Inc., a corporation organized under the laws of
Delaware
Item 8. Identification and Classification of Members of the
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Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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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.
February 12, 1999 COMSAT CORPORATION
By /s/ Alan G. Korobov
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Alan G. Korobov
Controller
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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.
February 12, 1999 COMSAT INTERNATIONAL, INC.
By /s/ James J. Welch
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James J. Welch
President
