SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14D-9
(AMENDMENT NO. 4)
(RULE 14D-101)
SOLICITATION/RECOMMENDATION STATEMENT UNDER
SECTION 14(d) (4) OF THE SECURITIES EXCHANGE ACT OF 1934
COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV)
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Name of Subject Company
NATIONAL TELEPHONE COMPANY OF VENEZUELA (CANTV)
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(Translation of Subject Company's name into English)
VERIZON COMMUNICATIONS INC.
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(Name of Person(s) Filing Statement)
American Depositary Shares
(each representing the right to receive 7 Class D
shares of common stock of Compania Anonima
Nacional Telefonos de Venezuela (CANTV),
par value Bs.36.90182224915 per share)
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(Title of Class of Securities)
204421101
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(CUSIP Number of Class of Securities)
Marianne Drost
Senior Vice President, Deputy General
Counsel and Corporate Secretary
Verizon Communications Inc.
1095 Avenue of the Americas
New York, New York 10036
(212) 395-1783
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(Name, address and telephone numbers of person authorized to receive notices
and
communications on behalf of the persons filing statement)
Copies to:
Steven Zipperstein Raymond Gietz
Senior Vice President & Deputy General Counsel Weil Gotshal & Manges LLP
Verizon Services Corp. 767 Fifth Avenue
1095 Avenue of the Americas New York, New York, 10153
New York, New York 10036 (212) 310-8702
(212) 395-1295
[__] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
This Amendment No. 4 amends and supplements the
Solicitation/Recommendation Statement on Schedule 14D-9 originally filed by
Verizon Communications Inc. ("Verizon") with the SEC on October 10, 2001, as
amended and supplemented prior to the date hereof (the "Schedule 14D-9"), in
respect of the subject company, Compania Anonima Nacional Telefonos de Venezuela
(CANTV) (the "Company"), related to (a) the tender offer by the AES
Comunicaciones de Venezuela. C.A., a company organized under the laws of
Venezuela ("Purchaser"), which is jointly owned by The AES Corporation ("AES")
and AES's 87% owned subsidiary, Corporacion EDC, C.A. ("CEDC"), upon the terms
and subject to the conditions set forth in the offer to purchase, dated
September 25, 2001 (the "Offer to Purchase"), and the related letter of
transmittal (which together constitute the "U.S. Offer"), pursuant to which
Purchaser makes an offer to purchase for $24.00 per American Depository Shares
of the Company (each an "ADS" and, collectively, the "ADSs"), net to each seller
in cash, less any withholding taxes and without interest thereon, an aggregate
of 28,566,944 ADSs and (b) the offer by Purchaser, AES and CEDC (the "Venezuelan
Offer" and, together with the U.S. Offer, the "Offers") to purchase 199,968,608
shares of common stock of the Company, par value Bs. 36.90182224915 per share
(the "Shares"), validly tendered and not properly withdrawn prior to the
expiration of the Venezuelan Offer, each for $3.4285714 in cash payable in U.S.
dollars or in Bolivares to tendering holders that elect to be paid in Bolivares.
Capitalized terms used but not defined herein have the meanings assigned to them
in the Schedule 14D-9.
ITEM 8. ADDITIONAL INFORMATION.
Item 8 of the Schedule 14D-9 is hereby amended and supplemented by
adding the following text to the end thereof:
"On October 9, 2001, the CNV issued a Resolution (Resolution 217)
ordering VenWorld to offer and sell its proportional holding of the shares
offered and accepted pursuant to the Company's share repurchase plan, with the
objective of avoiding an increase in VenWorld's control or in its level of
participation in the capital of the Company. This order was confirmed by the CNV
by the issuance of a resolution (Resolution 228) on October 19, 2001.
On October 24, 2001, the Company commenced a tender offer in the United
States for ADSs of the Company at $30.00 per ADS and a tender offer in Venezuela
for Class D Shares of the Company at approximately $4.29 per Class D Share
(collectively, the "Offers"). VenWorld will tender a number of securities
pursuant to the Offers such that after completion of the Offers, VenWorld's
percentage ownership in the Company will be equal to its percentage ownership in
the Company immediately prior to the completion of the Offers.
On November 5, 2001, GTE Venholdings B.V., an indirect subsidiary of
Verizon, informed the Company that it intends to likewise tender a number of
securities pursuant to the Offers such that after completion of the Offers, GTE
Venholdings B.V.'s direct percentage ownership interest in the Company will be
equal to its direct percentage ownership in the Company immediately prior to the
completion of the Offers."
SIGNATURE
After due 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.
VERIZON COMMUNICATIONS INC.
By:/s/ Michael T. Masin
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Name: Michael T. Masin
Title: Vice Chairman and President
Dated: November 5, 2001