UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(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)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Telephonos de Mexico, S.A. de C.V.
(Name of Issuer)
L Shares, without par value
(Title of Class of Securities)
None*
-----------------------------
(CUSIP Number)
* CUSIP for American Depository Receipts representing L Shares is 879403780.
Not Applicable
----------------------------------------------
(Date of Event which Requires Filing of this Statement)
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)
(Continued on following pages)
(Page 1 of 8 Pages)
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CUSIP NO. None (However, the CUSIP for American PAGE 2 OF 8 PAGES
Depository Receipts representing L Shares is 879403780.)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SBC Communications Inc.
43-1301883
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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5. SOLE VOTING POWER 0
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER 228,772,101 L Shares
EACH
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER 0
WITH
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 228,772,101 L Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 228,772,101 L Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES [ X ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW(9) 4.3
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12. TYPE OF REPORTING PERSON HC
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CUSIP NO. None (However, the CUSIP for American PAGE 3 OF 8 PAGES
Depository Receipts representing L Shares is 879403780.)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SBC International, Inc.
43-1380735
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER 0
NUMBER OF
SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER 228,772,101 L Shares
EACH
PERSON
WITH --------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 228,772,101 L Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 228,772,101 L Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES [ X ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 4.3
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON CO
- --------------------------------------------------------------------------------
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PAGE 4 OF 8 PAGES
AMENDMENT NO. 1 TO SCHEDULE 13G
Relating to the L Shares of
Telephonos de Mexico, S.A. de C.V.
This Amendment No. 1 ("Amendment") to the Statement on Schedule 13G is
being filed by SBC Communications Inc. ("SBC") and SBC International, Inc.
("SBCI"), a wholly-owned subsidiary of SBC, to amend and restate in its entirety
the Statement on Schedule 13G filed with the Securities and Exchange Commission
on February 14, 1992, by SBC and SBCI.
Item 1(a) Name of Issuer:
Telephonos de Mexico, S.A. de C.V. ("Telmex")
Item 1(b Address of Issuer's Principal Executive Offices:
Parque Via 190
Colonia Cuauhtemoc
06599 Mexico, D.F. Mexico
Item 2(a) Names of Persons Filing:
SBC and its wholly-owned subsidiary SBCI. All securities of the issuer
are held by SBCI.
Item 2(b) Address of Principal Business Office:
SBC Communications Inc.
175 E. Houston Street
San Antonio, Texas 78205-2233
SBC International, Inc.
#2 Read's Way
Corporate Commons, Suite 117
New Castle, Delaware 19720
Item 2(c) Citizenship:
SBC and SBCI are incorporated in the State of Delaware.
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PAGE 5 OF 8 PAGES
Item 2(d) Title of Class of Securities:
L Shares, without par value
Item 2(e) CUSIP Number:
None (However, the CUSIP for American Depository Receipts representing
L Shares is 879403780.)
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
Item 4 Ownership:
(a) Amount Beneficially Owned:
(i) Direct ownership, as to which voting and dispositive powers
are shared by the reporting persons: 228,772,101 L Shares
(ii) Indirect ownership: SBCI is a beneficiary of a trust which
holds 2,163,040,972 AA Shares, representing all of the
outstanding AA shares. Under Telmex' bylaws and applicable
Mexican statutes, AA shares may only be held by Mexican
nationals; non-Mexicans, such as the reporting persons, must
hold their interest in the AA shares through a trust.
SBCI's beneficial interest in the Trust represents
529,945,038 AA Shares. Under Telmex' bylaws, each AA
Share may be exchanged into one L Share by the holder of the
shares; provided that AA Shares may never represent less
than 20% of the outstanding capital stock of Telmex or less
than 51% of the combined AA Shares and A Shares. The AA
Shares are held by the trust, and only the trust can effect a
conversion of AA Shares into L Shares. Therefore, the
reporting persons disclaim beneficial ownership of all such
AA Shares.
(iii)As of December 31, 1998, the capital structure of Telmex is
made up of the following classes of outstanding shares and
represents the percentage of capital stock as shown
(according to information supplied by Telmex): (a)
2,163,040,972 AA Shares - 28%; (b) 233,886,395 A Shares - 3%;
and (c) 5,327,404,391 L Shares - 69 %.
(b) Percent of Class: Direct ownership of 4.3% of L Shares
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PAGE 6 OF 8 PAGES
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 228,772,101
L Shares
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
228,772,101 L Shares
Item 5 Ownership of five Percent or Less of a Class: [ X ]
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.
Not applicable
Item 8 Identification and Classification of Member of the Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
Item 10 Certification.
Not applicable
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PAGE 7 OF 8 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.
SBC COMMUNICATIONS INC.
By: /s/ James S. Kahan
James S. Kahan
Senior Vice President-Corporate Development
SBC INTERNATIONAL, INC.
By: /s/ James S. Kahan
James S. Kahan
Executive Vice President-Development
Date: February 9, 1999
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PAGE 8 OF 8 PAGES
Exhibit to Schedule 13G
AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned agree to the joint filing of
an amendment to the Statement on Schedule 13G (including any and all amendments
thereto) with respect to the shares of Telephonos de Mexico, S.A. de C.V. and
further agree to the filing of this agreement as an Exhibit thereto. In
addition, each party to this Agreement expressly authorizes each other party to
this Agreement to file on its behalf any and all amendments to such Statement on
Schedule 13G.
Dated: February 9, 1999
SBC COMMUNICATIONS INC.
By: /s/ James S. Kahan
James S. Kahan
Senior Vice President-Corporate Development
SBC INTERNATIONAL, INC.
By: /s/ James S. Kahan
James S. Kahan
Executive Vice President-Development
