UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
BOSTON TECHNOLOGY, INC.
(Name of Issuer)
Common Stock, Par Value $.001 Per Share
(Title of Class of Securities)
457472 10 8
(CUSIP Number)
Rafael Robles Miaja, Esq.
Franck, Galicia, Duclaud, y Robles S.C.
Torre Optima
Avenida de las Palmas No. 405 - piso 3
Col. Lomas de Chapultepec
11000 Mexico D.F.
Telephone: 011-52-5-540-9200
Copy to:
Alfred J. Ross, Jr., Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022-6069
Telephone: (212) 848-7058
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
July 22, 1996
(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 |_|.
Check the following box if a fee is being paid with this statement |X|.
(Continued on following pages)
(Page 1 of 13 Pages)
<PAGE>
<TABLE>
<C> <S> <C>
- ----------------------------------------- ---------------------------------
CUSIP No. 457472 10 8 Page 2 of 13 Pages
----------------------- --- ----
- ----------------------------------------- ---------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Orient Star Holdings
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) |_|
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY --------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
1,580,000
EACH --------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,580,000
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,580,000
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.33%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<C> <S> <C>
- ------------------------- ----------------------------------------------------
CUSIP No. 457472 10 8 Page 3 of 13 Pages
--- ----
- ------------------------- ----------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carso Global Telecom, S.A. de C.V.
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) |_|
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY --------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
1,580,000
EACH --------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,580,000
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,580,000
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.33%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Item 1. Security and Issuer.
This statement relates to the common stock, par value $.001 per share (the
"Common Stock"), of Boston Technology, Inc. (the "Issuer"). The Issuer is a
corporation organized under the laws of the state of Delaware, and has its
principal executive offices located at 100 Quannapowitt Parkway, Wakefield,
Massachusetts, 01880.
Item 2. Identity and Background.
(a) The names of the persons filing this statement are (i) Orient Star
Holdings, a corporation organized under the laws of the Cayman Islands ("Orient
Star"), and (ii) Carso Global Telecom, S.A. de C.V., a corporation organized
under the laws of Mexico ("CGT"; and together with Orient Star, the "Filing
Persons").
(b) The address of the principal business and principal office of Orient
Star is Paseo de las Palmas Num. 736, Col. Lomas de Chapultepec, Mexico, D.F.,
C.P. 11000. The address of the principal business and principal office of CGT is
Paseo de las Palmas Num. 740, Col. Lomas de Chapultepec, Mexico, D.F., C.P.
11000.
(c) Set forth in Schedule A is the name, citizenship, business address and
present principal occupation or employment, as well as the name, principal
business and address of any corporation or other organization in which such
occupation or employment is conducted, of each of the directors and executive
officers of Orient Star, as of the date hereof.
Set forth in Schedule B is the name, citizenship, business address and
present principal occupation or employment, as well as the name, principal
business and address of any corporation or other organization in which such
occupation or employment is conducted, of each of the directors and executive
officers of CGT, as of the date hereof.
Orient Star is a direct wholly owned subsidiary of CGT, and the principal
business of Orient Star is investments.
The principal business of CGT is as a holding company with investments in
the telecommunications and multimedia industries.
(d)-(e) During the last five years, neither of the Filing Persons, or, to
the knowledge of Orient Star or CGT, any person named in Schedule A or Schedule
B, has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
(Page 4 of 13 Pages)
<PAGE>
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.
(f) See Schedule A and Schedule B.
Item 3. Source and Amount of Funds or Other Consideration.
(Page 5 of 13 Pages)
<PAGE>
As a result of the transactions listed in Schedule C, and as of the
date hereof, Orient Star is the direct beneficial owner of 1,580,000 shares of
Common Stock (the "Shares"). The aggregate purchase price of the Shares was
$21,914,600.
The source of funds for the purchases of the Shares made by Orient Star was
working capital.
Item 4. Purpose of Transaction.
Orient Star acquired the Shares for investment purposes and not with the
purpose of acquiring control of the Issuer.
The Filing Persons from time to time intend to review their investment in
the Issuer on the basis of various factors, including the Issuer's business,
financial condition, results of operations and prospects, general economic and
industry conditions, the securities markets in general and those for the
Issuer's securities in particular, as well as other developments and other
investment opportunities. Based upon such review, the Filing Persons will take
such actions in the future as the Filing Persons may deem appropriate in light
of the circumstances existing from time to time. A Filing Person may acquire
Common Stock or other securities of the Issuer either in the open market or in
privately negotiated transactions. Similarly, a Filing Person may determine to
dispose of some or all of the Issuer's securities currently owned by it or
otherwise acquired by it either in the open market (subject to applicable legal
restrictions) or in privately negotiated transactions.
Except as set forth above, the Filing Persons have not formulated any plans
or proposals which 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 involving the Issuer
or any of its subsidiaries, (c) a sale or transfer of a material amount of the
assets of the Issuer or any of its subsidiaries, (d) any change in the present
board of directors or management of the Issuer, (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) any change in the
Issuer's charter or bylaws or other instrument corresponding thereto or other
action which may impede the acquisition of control of the Issuer by any person,
(h) causing a class of securities of the Issuer to be deregistered or delisted,
(i) a class of equity securities of the Issuer becoming eligible for termination
of registration or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(Page 6 of 13 Pages)
<PAGE>
(a) In computing the percentage ownership of Common Stock for the purposes
of this Schedule 13D, the Filing Persons have relied on the quarterly report on
Form 10-Q for the fiscal quarter ended April 30, 1996 (File No. 0-17384) in
which the Issuer reported that as of June 7, 1996, there were 24,966,674 shares
of Common Stock outstanding. The Shares beneficially owned by Orient Star
constitute approximately 6.33% of the Common Stock outstanding. To the
knowledge of the Filing Persons, no Common Stock is beneficially owned by any of
the persons named in either Schedule A or Schedule B.
Through its direct ownership of Orient Star, CGT, for the purpose of Rule
13d-3, may also be considered to be a beneficial owner of the Shares. Based upon
information supplied by the Issuer, as of June 7, 1996 such shares would
constitute approximately 6.33% of the Common Stock outstanding.
(b) Orient Star has shared power with CGT to vote and to dispose of
1,580,000 shares of Common Stock.
CGT has shared power with Orient Star to vote and to dispose of 1,580,000
shares of Common Stock.
(c) Except for purchases made by Orient Star as listed in Schedule C, to
the knowledge of Orient Star and CGT, neither of the Filing Persons nor any
person named in Schedule A or Schedule B, has effected any transaction in shares
of Common Stock during the past 60 days.
(d) To the knowledge of the Filing Persons, no other person has the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by the Filing
Persons.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) among the persons named in Item 2 and between such persons
and any person with respect to any securities of the Issuer, including but not
limited to transfer or voting of any of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
(Page 7 of 13 Pages)
<PAGE>
Item 7. Material to be Filed as Exhibits.
Exhibit Description
NONE
(Page 8 of 13 Pages)
<PAGE>
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: July 31, 1996 ORIENT STAR HOLDINGS
By /s/ Patrick Slim Domit
--------------------------------
Name: Patrick Slim Domit
Title: Director
(Page 9 of 13 Pages)
<PAGE>
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: July 31, 1996 CARSO GLOBAL TELECOM, S.A. de C.V
By /s/ Eduardo Valdes Acra
------------------------------------
Name: Eduardo Valdes Acra
Title: Director
(Page 10 of 13 Pages)
<PAGE>
Schedule A
DIRECTORS AND EXECUTIVE OFFICERS
OF ORIENT STAR HOLDINGS
The name, business address and title with Orient Star Holdings, and present
principal occupation or employment and the name, principal business and address
of employer, of each of the directors and executive officers of Orient Star
Holdings are set forth below. The business address for each person listed below
is the same as the business address for that person's employer. The address of
Orient Star Holdings is Paseo de las Palmas Num. 736, Col. Lomas de Chapultepec,
Mexico, D.F., C.P. 11000. Each person listed below is a citizen of Mexico,
except Mr. Nakfoor, who is a citizen of the United States of America and Mr.
Reddyhough who is a citizen of Great Britain.
<TABLE>
<CAPTION>
Present Principal Occupation
Name, Title and Including Name, Principal
Business Address Business and Address of Employer
--------------- --------------------------------
<S> <C>
Marco Antonio Slim Domit Chief Executive Officer; Banco Inbursa,
(Director) S.A.; Insurgentes Sur Num. 3500, Col.
Pena Pobre, Mexico, D.F., C.P. 14060
Patrick Slim Domit Chief Executive Officer; Industrias Nacobre,
(Director) S.A. de C.V.; Poniente 134 Num. 719,
Col. Industrial Vallejo, Mexico, D.F.,
C.P. 02300
Julian Reddyhough Attorney; Partner, Maples and
(Secretary) Calder; Ugland House, P.O. Box 309 GT,
South Church Street, Grand Cayman
James Michael Nakfoor International Subdirector; Inversora Bursatil,
S.A. de C.V. Casa de Bolsa; Paseo de las
Palmas Num. 736, Col. Lomas de
Chapultepec, Mexico, D.F., C.P. 11000
</TABLE>
(Page 11 of 13 Pages)
<PAGE>
Schedule B
DIRECTORS AND EXECUTIVE OFFICERS
OF CARSO GLOBAL TELECOM, S.A. de C.V.
The name, business address and title with Carso Global Telecom, S.A. de
C.V., and present principal occupation or employment and the name, principal
business and address of employer, of each of the directors and executive
officers of Carso Global Telecom, S.A. de C.V. are set forth below. The business
address for each person listed below is the same as the business address for
that person's employer. The address of Carso Global Telecom, S.A. de C.V. is
Paseo de las Palmas Num. 740, Col. Lomas de Chapultepec, Mexico, D.F., C.P.
11000. Each person listed below is a citizen of Mexico.
<TABLE>
<CAPTION>
Present Principal Occupation
Name, Title and Including Name, Principal
Business Address Business and Address of Employer
<S> <C>
Carlos Slim Helu Chairman of the Board; Carso Global
(Director and Chairman of the Board) Telecom, S.A. de C.V.; Paseo de las
Palmas Num. 740, Col. Lomas de
Chapultepec, Mexico, D.F., C.P. 11000
Alejandro Escoto Cano Financial Director; Grupo Carso; Insurgentes
(Principal Accounting Officer Sur Num. 3500, Col. Pena Pobre,
and Chief Financial Officer) Mexico, D.F., C.P. 14060
Jaime Chico Pardo Chief Executive Officer; Telefonos de
(Director) Mexico, S.A. de C.V.; Parque Via Num.
190, Col. Cuauhtemoc, Mexico, D.F.,
C.P. 06599
Humberto Gutierrez-Olvera Zubizarreta Chief Executive Officer; Grupo Condumex,
(Director) S.A. de C.V.; Miguel de Cervantes
Saavedra Num. 255, Col. Ampliacion
Granada, Mexico, D.F., C.P. 11520
Alfredo Sanchez Alcantara Chief Executive Officer; Carso Global
(Director and Chief Executive Officer) Telecom, S.A. de C.V.; Periferico Sur
Num. 3190, Col. Jardines del Pedregal,
Mexico, D.F., C.P. 01900
Carlos Slim Domit Chief Executive Officer; Sanborn Henmanos, S.A.;
(Director) Calvario Num. 106, Col. Tlalpan,
Mexico, D.F., C.P. 11700
Eduardo Valdes Acra Chief Executive Officer; Inversora Bursatil,
(Director) S.A. de C.V., Casa de Bolsa; Paseo de
las Palmas Num. 736, Col. Lomas
Chapultepec, Mexico, D.F., C.P. 11000
Marco Antonio Slim Domit Chief Executive Officer;
(Director) Banco Inbursa, S.A.;
Insurgentes Sur Num. 3500,
Col. Pena Pobre, Mexico,
D.F., C.P. 14060
</TABLE>
(Page 12 of 13 Pages)
<PAGE>
Schedule C
DATE OF PURCHASE NUMBER OF SHARES NET PRICE PER SHARE
- ---------------- ---------------- -------------------
June 4, 1996 2,500 $17.7500
June 7, 1996 5,000 17.3750
June 21, 1996 30,000 16.5000
June 24, 1996 15,000 16.3750
June 25, 1996 10,000 16.5625
June 26, 1996 30,000 16.2000
June 27, 1996 13,000 16.3365
June 28, 1996 5,000 16.8750
July 1, 1996 10,000 16.9750
July 2, 1996 10,000 16.8750
July 3, 1996 30,000 17.1250
July 5, 1996 30,000 16.5625
July 8, 1996 28,000 16.4554
July 10, 1996 35,000 15.5357
July 22, 1996 50,000 14.0000
July 23, 1996 50,000 13.8600
July 24, 1996 80,000 13.3500
July 25, 1996 75,000 13.7500
July 26, 1996 30,000 13.7917
July 29, 1996 20,000 13.7500
July 30, 1996 40,000 13.6719
(Page 13 of 13 Pages)
