SC TO-T 1 file001.txt SCHEDULE TO-T; AMENDMENT NO. 2 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------- SCHEDULE TO (Rule 14d-100) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AND SCHEDULE 13D (Rule 13d-101) (Amendment No. 2) ------------- COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV) -------------------------------------------------------------------------------- (Name of Subject Company (Issuer)) NATIONAL TELEPHONE COMPANY OF VENEZUELA (CANTV) -------------------------------------------------------------------------------- (Translation of Name of Issuer Into English) AES COMUNICACIONES DE VENEZUELA, C.A. a company jointly owned by The AES Corporation and Corporacion EDC, C.A. -------------------------------------------------------------------------------- (Name of Filing Persons (Offerors)) AMERICAN DEPOSITARY SHARES (EACH REPRESENTING 7 SHARES OF CLASS D COMMON STOCK, NOMINAL VALUE BS. 36.90182224915 PER SHARE) -------------------------------------------------------------------------------- (Title of Class of Securities) 204421101 (ADSs) -------------------------------------------------------------------------------- (CUSIP Number) Barry J. Sharp, Senior Vice President and Chief Financial Officer, The AES Corporation, 1001 North 19th Street Arlington, Virginia 22209; Tel: (703) 522-1315 Copy to: Michael E. Gizang, Skadden, Arps, Slate, Meagher & Flom LLP, Four Times Square, New York, NY 10036; Tel: (212) 735-2704 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) CALCULATION OF FILING FEE -------------------------------------------------------------------------------- Transaction Valuation* Amount of Filing Fee $685,606,656(1) $137,121.33 (2) * Set forth the amount on which the filing fee is calculated and state how it was determined. (1) The transaction value is calculated by multiplying the amount of ADSs being sought by the offeror, 28,566,944, by the offer price per ADS, $24.00. (2) The amount of filing fee is calculated by multiplying the transaction valuation, $685,606,656, by 0.0002 pursuant to Rule 0-11(d) under the Exchange Act of 1934, as amended. [ ] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: N/A Filing Party: N/A ---------------- --------------- Form or Registration No.: N/A Date Filed: N/A ---------------- --------------- [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [X] third party tender offer subject to Rule 14d-1. [ ] issuer tender offer subject to 13e-4. [ ] going-private transaction subject to Rule 13e-3. [X] amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] 2 -------------------------------------------------------------------------------- CUSIP NO. P3055Q103 (Class D Shares) 13D PAGE 3 204421101 (ADSs) -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The AES Corporation -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO, AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 64,000,524 NUMBER OF ADSs: 1,000 SHARES ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER Class D Shares: None OWNED BY ADSs: None REPORTING ----------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,524 ADSs: 1,000 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER Class D Shares: None ADSs: None -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Class D Shares: 64,000,524 ADSs: 1,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% (the 64,000,524 Class D Shares and 1,000 ADSs represent approximately 14.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5 of Schedule 13-D filed with the Securities and Exchange Commission on July 3, 2001. -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC -------------------------------------------------------------------------------- 3 -------------------------------------------------------------------------------- CUSIP NO.P3055Q103 (Class D Shares) 13D PAGE 4 204421101 (ADSs) -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AES Channon Holdings B.V. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO, AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The Netherlands -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 64,000,524 NUMBER OF ADSs: 1,000 SHARES ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER Class D Shares: None OWNED BY ADSs: None REPORTING ----------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,524 ADSs: 1,000 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER Class D Shares: None ADSs: None -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Class D Shares: 64,000,524 ADSs: 1,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% (the 64,000,524 Class D Shares and 1,000 ADSs represent approximately 14.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5 of Schedule 13-D filed with the Securities and Exchange Commission on July 3, 2001. -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- 4 -------------------------------------------------------------------------------- CUSIP NO. P3055Q103 (Class D Shares) 13D PAGE 5 204421101 (ADSs) -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Corporacion EDC, C.A. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO, WC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 64,000,524 NUMBER OF ADSs: 1,000 SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER Class D Shares: None OWNED BY ADSs: None REPORTING ------------------------------------------------------------------ PERSON WITH 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,524 ADSs: 1,000 ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER Class D Shares: None ADSs: None -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Class D Shares: 64,000,524 ADSs: 1,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% (the 64,000,524 Class D Shares and 1,000 ADSs represent approximately 14.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5 of Schedule 13-D filed with the Securities and Exchange Commission on July 3, 2001. -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- 5 -------------------------------------------------------------------------------- CUSIP NO.P3055Q103 (Class D Shares) 13D PAGE 6 204421101 (ADSs) -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Inversiones Inextel, C.A. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 63,999,524 NUMBER OF ADSs: None SHARES ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER Class D Shares: None OWNED BY ADSs: None REPORTING ----------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER Class D Shares: 63,999,524 ADSs: None ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER Class D Shares: None ADSs: None -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Class D Shares: 63,999,524 ADSs: None -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% (the 63,999,524 Class D Shares represent approximately 14.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5 of Schedule 13-D filed with the Securities and Exchange Commission on July 3, 2001. -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- 6 -------------------------------------------------------------------------------- CUSIP NO.P3055Q103 (Class D Shares) 13D PAGE 7 204421101 (ADSs) -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AES Comunicaciones de Venezuela, C.A. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Venezuela -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 1,000 NUMBER OF ADSs: 1,000 SHARES ----------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER Class D Shares: None OWNED BY ADSs: None REPORTING ----------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER Class D Shares: 1,000 ADSs: 1,000 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER Class D Shares: None ADSs: None -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Class D Shares: 1,000 ADSs: 1,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 0.1% (the 1,000 Class D Shares and 1,000 ADSs represent less than 0.1% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5 of Schedule 13-D filed with the Securities and Exchange Commission on July 3, 2001. -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- 7 THE INFORMATION IN THE U.S. OFFER TO PURCHASE AND THE RELATED ADS LETTER OF TRANSMITTAL IS INCORPORATED HEREIN BY REFERENCE IN RESPONSE TO ITEMS 1-11 OF SCHEDULE TO. ITEM 4. TERMS OF THE TRANSACTION (a)(1)(x)-(xi) Not applicable. (a)(2) Not applicable. ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Purchaser currently does not have any alternative financing arrangements or plans to those set forth in the U.S. Offer to Purchase. ITEM 10. FINANCIAL STATEMENTS (a) Not applicable. (b) Not applicable. ITEM 12. EXHIBITS (a)(1) A. U.S. Offer to Purchase dated September 25, 2001 B. ADS Letter of Transmittal C. Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9 D. Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees for ADSs E. Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees for ADSs F. Notice of Guaranteed Delivery G. Text of press release announcing intention to commence the U.S. and Venezuelan offers, dated August 29, 2001 (incorporated by reference to Schedule TO filed on August 30, 2001) H. Summary Advertisement as published in The New York Times on September 25, 2001 I. Text of press release announcing commencement of U.S. and Venezuelan offers, dated September 25, 2001 8 (a)(2)-(5) Not applicable. (b) None (d) Association Agreement, dated as of August 1, 1991, as amended, among GTE Corporation, T.I. Telefonica de Espana, S.A., AT&T International Inc., C.A. La Electricidad de Caracas, S.A.I.C.A.-S. A.C.A and Consorcio Inversionista Mercantil Cima, C.A., S.A.C.A., S.A.I.C.A (incorporated by reference to Schedule 13D filed by AES on July 3, 2001) (g)-(h) None 9 SIGNATURES After due injury and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: September 25, 2001 AES Comunicaciones de Venezuela, C.A. /s/ Paul Hanrahan ---------------------------- Name: Paul Hanrahan Title: Director Date: September 25, 2001 The AES Corporation /s/ Paul Hanrahan ---------------------------- Name: Paul Hanrahan Title: Executive Vice President Date: September 25, 2001 Corporacion EDC, C.A. /s/ Paul Hanrahan ---------------------------- Name: Paul Hanrahan Title: Director ADDITIONAL SIGNATURES FOR AMENDMENT TO SCHEDULE 13D After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement as it applies to an amendment to the Schedule 13D filed with the Securities and Exchange Commission on July 3, 2001, as amended, is true, complete and correct. Date: September 25, 2001 AES Channon Holdings B.V. /s/ Steven P. Clancy -------------------------------- Name: Steven P. Clancy Title: Director Date: September 25, 2001 Inversiones Inextel, C.A. /s/ Steven P. Clancy -------------------------------- Name: Steven P. Clancy Title: Director