<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
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, 1255 Corporate Drive
Irving, Texas 75038 Tel: (972) 507-2105
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 23, 2000, June 26, 2000, July 11, 2000
--------------------------------------------------------------------------------
(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 [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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).
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 2
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bell Atlantic Corporation doing business as Verizon Communications
IRS Identification No. 23-2259884
------------------------------------------------------------------------------
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 3
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GTE Corporation
IRS Identification No. 13-1678633
------------------------------------------------------------------------------
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 4
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GTE International Telecommunications Incorporated
IRS Identification No. 06-1460807
------------------------------------------------------------------------------
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 5
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GTE Venezuela Incorporated
IRS Identification No. 13-3634506
------------------------------------------------------------------------------
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 6
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
CUSIP No. P3055Q103 (Class D Shares) PAGE 7
204421101 (ADSs)
------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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 ITEMS 2(d) or 2(e) [_]
Not applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Class D Shares: 32,945,829
NUMBER OF ADSs: 4,706,547
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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
Not Applicable [_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Class D Shares: 8.6%
ADSs: 8.6%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
------------------------------------------------------------------------------
<PAGE>
Page - 8
The following is a third amendment to the Statement on Schedule 13D (the
"Schedule 13D"), originally filed by GTE Corporation and GTE Venezuela
Incorporated on December 9, 1996 and amended on December 18, 1996, and December
23, 1998 in connection with the initial purchase by GTE Venezuela Incorporated
of American Depositary Shares each representing seven Class D Shares nominal par
value Bs. 36.90182224915 of Compania Anonima Nacional Telefonos de Venezuela
(CANTV).
Item 1 of the Schedule 13D is amended in its entirety to read as follows:
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D relates to 4,706,547 American Depositary
Shares (the "ADSs") each representing seven Class D Shares nominal value Bs.
36.90182224915 per share (the "Class D Shares") of Compania Anonima Nacional
Telefonos de Venezuela (CANTV) (the "Issuer") owned beneficially by Bell
Atlantic Corporation doing business as Verizon Communications (Verizon) through
its indirect wholly-owned subsidiaries, GTE Corporation, (GTE) GTE International
Telecommunications Incorporated (GTE International), GTE Venezuela
Incorporated,(GTE Venezuela), GTE Venezuela S.a r.l.,(GTE S.a r.l.) and GTE
Venholdings B.V.(GTE Venholdings). CANTV has its principal executive offices at
Edificio CANTV, Primer Piso, Avenida Libertador, Caracas, Venezuela. The ADSs
are evidenced by American Depositary Receipts ("ADRs") issued under a Deposit
Agreement dated as of November 27, 1996 among CANTV, Citibank, N.A., as
depositary (the "Depositary"), and the holders and beneficial owners from time
to time of ADRs issued thereunder. The principal executive offices of the
Depositary are 111 Wall Street, New York, New York 10005.
Item 2 of the Schedule 13D is amended in its entirety to read as follows:
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by Verizon, which is incorporated in
Delaware, and by its indirect wholly-owned subsidiaries, GTE, a New York
corporation, GTE International a Delaware corporation, GTE Venezuela, which is
also incorporated in Delaware, GTE Venezuela S.a r.l. a Luxembourg corporation
and GTE Venholdings a Dutch corporation.
Verizon Communications, formed by the merger of Bell Atlantic and GTE, is
one of the world's leading providers of high-growth communications services.
Verizon companies are the largest providers of wireline and wireless
communications in the United States, with 95 million access line equivalents and
25 million wireless customers. Verizon is also the world's largest provider of
print and on-line directory information. A Fortune 10 company with more than
260,000 employees, Verizon's global presence extends to 40 countries in the
Americas, Europe, Asia and the Pacific. GTE Venholdings acts as a holding
company for Verizon's investment in the Issuer. Verizon, GTE, GTE International,
GTE Venezuela, GTE S.a r.l. and GTE Venholdings are sometimes referred to herein
as the "Reporting Persons." GTE Venholdings is a wholly-owned subsidiary of GTE
S.a r.l., which in turn is a wholly-owned subsidiary of GTE Venezuela. GTE
Venezuela is a wholly-owned subsidiary of GTE International, which is a wholly-
owned subsidiary of GTE. Verizon owns all the common stock of GTE. Verizon's
address is 1095 Avenue of the Americas, New York, New York 10036. The principal
business office of GTE, GTE International and GTE Venezuela is 1255 Corporate
Drive, Irving, Texas 75038-2518, U.S.A. The principal business address of GTE
S.a r.l. is 400 route d'Esch, L-1471 Luxembourg. GTE Venholding's principal
business address is Marten Meesweg 25, 3068 AV Rotterdam, The Netherlands.
The name, residence or business address, principal occupation or employment
and citizenship of each of the executive officers and directors of the Reporting
Persons are set forth in Schedule A hereto.
Within the last five years, neither Verizon, GTE, GTE International, GTE
Venezuela, GTE S.a r.l., GTE Venholdings, nor, to the best of the Reporting
Persons' knowledge, any of persons listed on Schedule A have been convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
<PAGE>
Page - 9
Item 4 of the Schedule 13D is hereby amended in its entirety to read as follows:
ITEM 4. PURPOSE OF TRANSACTION
Verizon acquired beneficial ownership of the ADSs to which this Schedule
13D relates through the merger of a subsidiary of Bell Atlantic Corporation into
GTE on June 30, 2000. Verizon, GTE, GTE International, GTE Venezuela, GTE
S.a r.1, and GTE Venholdings acquired beneficial ownership of the ADSs to which
this Schedule 13D relates in the SEC-registered initial public offering of ADSs
and Class D Shares by the Republic of Venezuela and in open market transactions
following such public offering.
In addition to the ADSs to which this Schedule 13D relates, in December
1991 the Reporting Persons, through a subsidiary 51% owned by GTE Venezuela,
VenWorld, Telecom, C.A. ("VenWorld"), a company organized under the laws of
Venezuela, acquired operational control and 40% of the equity share capital of
the Issuer from the Government of Venezuela for a purchase price of
approximately US$1.885 billion. The shares owned by VenWorld constitute all of
the issued and outstanding Class A shares, nominal value Bs. 36.90182224915 per
share (the "Class A Shares"), of the Issuer. The 49% of VenWorld not held by the
Reporting Persons was held directly or by wholly-owned subsidiaries of T.I.
Telefonica Internacional de Espana, S.A. (16%), La Electricidad de Caracas,
S.A.C.A., S.A. I.C.A. (16%), Banco Mercantil as trustee for 239 trusts
established as a result of the liquidation of Inversiones Cimatel, C.A. (12%),
and AT&T Corporation (5%) (collectively, together with the Reporting Persons,
the "Consortium Participants").
On December 22, 1998, GTE Venezuela and Banco Mercantil C.A., as trustee
for certain of the trusts established as a result of the liquidation of
Inversiones Cimatel, C.A., entered into a private transaction to exchange
7,728,307 of Banco Mercantil's common shares in VenWorld for 3,116,653 ADSs,
owned by GTE Venezuela. As a result of this transaction, GTE Venezuela's
holdings of CANTV ADSs declined to 4,706,547 or approximately 8.5% of the
Issuer's total Class D shares. Additionally, GTE Venezuela now owns 57.8% of the
common shares of VenWorld and Banco Mercantil's ownership in VenWorld declined
to 5.2% from 12.0%.
On June 26, 2000, GTE Venholdings acquired beneficial ownership of the
securities to which the Schedule 13D relates when it acquired all of the stock
of VenWorld and all of the ADSs of CANTV previously owned by GTE Venezuela. On
July 11-12, 2000, GTE S.a r.l. acquired the shares of GTE Venholdings from GTE
Venezuela. The Reporting Persons may make additional purchases of ADSs or Class
D Shares or other securities of the Issuer either in the open market, in private
transactions or otherwise depending on such factors as the Reporting Persons'
evaluation of the Issuer's business, prospects and financial condition, the
market for such securities, other opportunities available to the Reporting
Persons, prospects for the Reporting Persons' own businesses, general economic
conditions, including economic conditions in the Republic of Venezuela, the
Issuer's principal market, stock market conditions and other future
developments. Depending on similar factors, the Reporting Persons may decide to
sell all or part of their investment in the ADSs or other securities of the
Issuer, although they have no current intention to do so. The Reporting Persons
may from time to time seek to influence business strategies of the Issuer with
respect to such matters as acquisitions, dispositions, and changes in management
or dividend policies or other extraordinary transactions.
Except as indicated above, the Reporting Persons have no plans or proposals
that relate to or would result in (a) the acquisition by any person of
additional securities of the Issuer, or the disposition of securities of the
Issuer; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries; (d) any change in the present board of directors of management
of the Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
<PAGE>
Page - 10
(e) any material change in the present capitalization or dividend policy of the
Issuer; (f) any other material change in the Issuer's business or corporate
structure; (g)changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions that may impede the acquisition of
control of the Issuer by any person; (h) causing a class of securities of the
Issuer to be delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; (i) a class of equity securities of the Issuer
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or (j) any action similar to any of
those enumerated above.
<PAGE>
Page - 11
Item 5 of the Schedule 13D is hereby amended in its entirety to read as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Persons beneficially own 4,706,547 ADSs each
representing seven Class D Shares. The Class D Shares represented by these ADSs
represent 8.6% of the total number of outstanding Class D Shares on June 26,
2000, or approximately 3.5% of the Issuer's total share capitalization. To the
best of the Reporting Persons' knowledge, none of the persons listed in Schedule
A hereto owns beneficially any Class D Shares or ADSs representing Class D
Shares, except as follows:
<TABLE>
<CAPTION>
ADSs
Name and Position owned beneficially % of Class D Shares represented
----------------- ------------------ -------------------------------
<S> <C> <C>
Charles R. Lee, 11,000 *
Chairman, Chief
Executive Officer and a Director
Verizon Communications;
Michael T. Masin, 1,350 *
Vice Chairman and
President-
Verizon Communications;
President, GTE International
Fares F. Salloum, 3,000 *
Executive Vice President and
a Director-GTE International
President and a Director
GTE Venezuela
Alfred C. Giammarino, 2,000 *
Executive Vice President
Finance and Planning and
a Director-GTE International
Vice President-Finance
and Planning and a Director
GTE Venezuela
</TABLE>
_______________
*Less than .1%
(b) The Reporting Persons and, to the best of the Reporting Persons'
knowledge, the persons listed in the above chart each has the sole power to vote
and the sole power to dispose of the ADSs and the Class D Shares represented
thereby as held by each of them.
(c) Except as described in Item 4 above, in the past sixty days from the
date of this statement, none of the Reporting Persons have purchased or sold any
of the acquired ADSs each representing seven Class D Shares. In the past sixty
days from the date of this statement, none of the persons listed in paragraph
(a) above have purchased or sold any of the acquired ADSs each representing
seven Class D Shares other than Mr. Masin, who sold 1,000 ADSs on May 31, 2000
at a price of $28.5625 per ADS and 1,000 ADSs on June 6, 2000 at a price of
$29.9375 per ADS.
<PAGE>
Page - 12
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
2(a)* Press release of GTE Corporation dated November 20, 1996
2(b)* Share Exchange Agreement dated December 18, 1998
3(a)* Stock Purchase and Sale Agreement dated December 3, 1991
3(b)* Provisions of the Association Agreement dated August 1, 1991
relating to voting and transfer
* Previously Filed
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
BELL ATLANTIC CORPORATION
doing business as Verizon Communications
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
GTE CORPORATION
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
GTE VENEZUELA INCORPORATED
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
GTE INTERNATIONAL TELECOMMUNICATIONS
INCORPORATED
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
GTE VENZUELA S.a r.1.
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
GTE VENHOLDINGS B.V.
Date: July 13, 2000 By: /s/ MARIANNE DROST
-----------------------------
Marianne Drost, Secretary
<PAGE>
Page - 13
SCHEDULE A
<TABLE>
<CAPTION>
Verizon Communications - 1095 Avenue of the Americas
New York, NY 10036
(a) Executive Officers
Name Principal Occupation Citizenship
---------------- -------------------- ----------
<S> <C> <C>
Charles R. Lee Chairman, and Co-Chief Executive Officer United States
Verizon Communications
Ivan G. Seidenberg President, and Co-Chief Executive Officer United States
Verizon Communications
Lawrence T. Babbio, Jr. Vice Chairman and President United States
Verizon Communications
Michael T. Masin Vice Chairman and President United States
Verizon Communications
Frederic V. Salerno Vice Chairman and Chief Financial Officer United States
Verizon Communications
James A. Attwood, Jr. Executive Vice President United States
Strategic Development and Planning
Verizon Communications
Mary Beth Bardin Executive Vice President United States
Public Affairs and Communications
Verizon Communications
William P. Barr Executive Vice President and United States
General Counsel Verizon Communications
William F. Heitmann Senior Vice President and Treasurer United States
Verizon Communications
Ezra Singer Executive Vice President- United States
Human Resources (Acting)
Dennis F. Strigl Executive Vice President and President United States
Verizon Wireless
(b) Directors
<CAPTION>
Name Principal Occupation Citizenship
---------------- -------------------- -----------
<S> <C> <C>
James R. Barker Chairman of The Interlake Steamship United States
Co. and Vice Chairman of Mormac Marine
Group, Inc. and the Moran Towing Company
</TABLE>
<PAGE>
Page - 14
<TABLE>
<S> <C> <C>
Edward H. Budd Retired Chairman of the Board United States
of the Travelers Group
Richard L. Carrion Chairman President and Chief Executive United States
Officer
Poplular, Inc.
Robert F. Daniell Retired Chairman of the United United States
Technologies Corporation
Helen L. Kaplan Of Counsel Skadden, Arps, United States
Slate, Meagher & Flom LLP
Charles R. Lee Chairman, and Co-Chief Executive Officer United States
Sandra O. Moose Senior Vice President, Director United States
and Chair of the East Coast
Practice, The Boston Consulting
Group, Inc.
Joseph Neubauer Chairman and Chief Executive United States
Officer of ARAMARK Corporation
Thomas H. O'Brien Chairman and Chief Executive Officer United States
of The PNC Financial Service Group, Inc.
Russell E. Palmer Chairman and Chief Executive United States
Officer of The Palmer Group
Hugh B. Price President and chief Executive Officer United States
National Urban League
Ivan G. Seidenberg President and Co-Chief Executive United States
Officer
Walter V. Shipley Retired Chairman of the Board United States
The Chase Manhattan Corporation
John W. Snow Chairman President and United States
Chief Executive Officer
CSX Corporation
John R. Stafford Chairman President and Chief Executive United States
Officer American Home Products Corporation
Robert D. Storey Partner with the Cleveland law United States
Firm of Thompson, Hine and Flory LLP
</TABLE>
GTE INTERNATIONAL TELECOMMUNICATIONS INCORPORATED - 1255 Corporate Drive
Irving, TX 75038
Executive Officers
<TABLE>
<S> <C> <C>
Michael T. Masin President United States
Alfred C. Giammarino Executive Vice President-Finance
and Planning United States
Fares F. Salloum Executive Vice President Canada
J. Goodwin Bennett Vice President-General United States
Counsel and Assistant Secretary
Andrew T. Jones Vice President United States
</TABLE>
<PAGE>
Page - 15
<TABLE>
<S> <C> <C>
Howard M. Svigals Vice President United States
Mabelle G. Sonnenschein Vice President United States
Marianne Drost Secretary United States
Londa C. Perrett Assistant Secretary United States
</TABLE>
(b) Directors
<TABLE>
<CAPTION>
Name Principal Occupation Citizenship
---------------- -------------------- -----------
<S> <C> <C>
Marianne Drost Secretary, United States
Alfred C. Giammarino Vice President-Finance, United States
And Planning GTE International
Fares F. Salloum President, GTE Venezuela Canada
Incorporated
</TABLE>
GTE VENEZUELA INCORPORATED - 1255 Corporate Drive
Irving, TX 75038
(a) Executive Officers
<TABLE>
<CAPTION>
Name Principal Occupation Citizenship
---------------- -------------------- -----------
<S> <C> <C>
Fares F. Salloum President, GTE Venezuela Canada
Incorporated
Alfred C. Giammarino Vice President-Finance and United States
Planning, GTE Venezuela
Andrew T. Jones Vice President United States
Howard M. Svigals Vice President United States
Marianne Drost Secretary United States
J. Goodwin Bennett Assistant Secretary United States
Ronald B. Spring Assistant Secretary United States
Londa Perrett Assistant Secretary United States
</TABLE>
(b) Directors
<TABLE>
<CAPTION>
Name Principal Occupation Citizenship
---------------- -------------------- -----------
<S> <C> <C>
Marianne Drost Secretary, Verizon Communications United States
Alfred C. Giammarino Vice President-Finance United States
and Planning GTE International
Fares F. Salloum President, GTE Venezuela Canada
Incorporated
</TABLE>
