-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HIIfn3HzLBu5QeWT66AaZrgWx2+tg2lNhJEuPo0lNQ7Q7bBnURYEcsDuk/+eCALF ciWPWaisQQzuNhI1t6F2tw== 0000950136-01-501916.txt : 20020411 0000950136-01-501916.hdr.sgml : 20020411 ACCESSION NUMBER: 0000950136-01-501916 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20011123 GROUP MEMBERS: AES CHANNON HOLDINGS B.V. GROUP MEMBERS: AES COMUNICACIONES DE VENEZUELA, C.A. GROUP MEMBERS: AES CORPORATION GROUP MEMBERS: CORPORACION EDC, C.A. GROUP MEMBERS: INVERSIONES INEXTEL, C.A. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AES CORPORATION CENTRAL INDEX KEY: 0000874761 STANDARD INDUSTRIAL CLASSIFICATION: COGENERATION SERVICES & SMALL POWER PRODUCERS [4991] IRS NUMBER: 541163725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1001 N 19TH ST STREET 2: STE 2000 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7035221315 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL TELEPHONE CO OF VENEZUELA CENTRAL INDEX KEY: 0001025862 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47557 FILM NUMBER: 1798641 BUSINESS ADDRESS: STREET 1: EDIFICIO CANT PRIMER PISO STREET 2: AVENIDA LIBERTADOR CITY: CARACAS VENEZUELA STATE: X5 BUSINESS PHONE: 5825006800 MAIL ADDRESS: STREET 1: MILBANK TWEED HADLEY & MCCLOY STREET 2: 1 CHASE MANHATTAN PLAZA CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 file001.txt AMENDMENT TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------- SCHEDULE 13D/A (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) (Amendment No. 5) 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) 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) November 20, 2001 - ------------------------------------------------------------------------------- (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(e), 13d(f) or 13d-1(g), check the following box [ ] - -------------------------------------------------------------------------------- CUSIP NO. P3055Q103 (Class D Shares) 13D PAGE 2 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: 64,000,999 ADSs: 1,000 NUMBER OF ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER Class D Shares: None BENEFICIALLY ADSs: None OWNED BY ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,999 PERSON WITH 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: 64,000,999 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) 13.6% (the 64,000,999 Class D Shares and 1,000 ADSs represent approximately 13.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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) 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: 64,000,999 ADSs: 1,000 NUMBER OF ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER Class D Shares: None BENEFICIALLY ADSs: None OWNED BY ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,999 PERSON WITH 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: 64,000,999 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) 13.6% (the 64,000,999 Class D Shares and 1,000 ADSs represent approximately 13.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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) 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: 64,000,999 ADSs: 1,000 NUMBER OF ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER Class D Shares: None BENEFICIALLY ADSs: None OWNED BY ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,999 PERSON WITH 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: 64,000,999 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) 13.6% (the 64,000,999 Class D Shares and 1,000 ADSs represent approximately 13.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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) 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, 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 Venezuela - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Class D Shares: 64,000,999 ADSs: 1,000 NUMBER OF ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER Class D Shares: None BENEFICIALLY ADSs: None OWNED BY ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,999 PERSON WITH 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: 64,000,999 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) 13.6% (the 64,000,999 Class D Shares and 1,000 ADSs represent approximately 13.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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) 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: 64,000,999 ADSs: 1,000 NUMBER OF ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER Class D Shares: None BENEFICIALLY ADSs: None OWNED BY ------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER Class D Shares: 64,000,999 PERSON WITH 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: 64,000,999 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) 13.6% (the 64,000,999 Class D Shares and 1,000 ADSs represent approximately 13.6% of the total Class D Shares outstanding (including Class D Shares represented by ADSs)). See Item 5. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- This Amendment No. 5 to Schedule 13D ("Amendment No. 5") amends and supplements the statement on Schedule 13D originally filed on July 3, 2001 with the Securities and Exchange Commission (the "SEC") by The AES Corporation ("AES"), AES Channon Holdings B.V., Corporacion EDC, C.A., Inversiones Inextel, C.A., Servicios EDC, C.A. and Inversiones Onapo, C.A., as amended and supplemented prior to the date hereof (the "Schedule 13D"). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph: Further to Inextel's request on August 30, 2001 to redeem its remaining 136 shares of VenWorld (see Amendment No. 1 to the Schedule 13D filed with the SEC on August 31, 2001), Inextel has received 475 shares of the Issuer in exchange for such 136 VenWorld shares. All references to "Inextel Class D Shares" shall include these 475 shares. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following paragraphs: On November 21, 2001, AES, CEDC and TelCom 2 entered into an Agreement of Termination pursuant to which the parties terminated the Agreement, dated August 29, 2001 between such parties. The Agreement of Termination between AES, CEDC and TelCom 2 is filed herewith as Exhibit 1.10 and incorporated herein by reference. On November 20, 2001, Inextel and AES Comunicaciones de Venezuela, C.A. ("AES Comunicaciones") entered into a Custody Agreement pursuant to which AES Comunicaciones took custody of the Inextel Class D Shares. The Custody Agreement is filed herewith as Exhibit 1.11 and incorporated herein by reference. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following exhibits: Exhibit No. Description - ----------- ----------- 1.10 Agreement of Termination, dated November 21, 2001, by and among The AES Corporation, Corporacion EDC, C.A. and TelCom 2 B.V. 1.11 Custody Agreement, dated November 20, 2001, by and between Inversiones Inextel, C.A. and AES Comunicaciones de Venezuela, C.A. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to Schedule 13D is true, complete and correct. The AES Corporation By: /s/ Paul Hanrahan ----------------------- Name: Paul Hanrahan Title: Executive Vice President Date: November 21, 2001 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to Schedule 13D is true, complete and correct. AES Channon Holdings B.V. By: /s/ Steven P. Clancy ------------------------- Name: Steven P. Clancy Title: Director Date: November 21, 2001 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to Schedule 13D is true, complete and correct. Corporacion EDC, C.A. By: /s/ Paul Hanrahan ----------------------- Name: Paul Hanrahan Title: Director Date: November 21, 2001 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to Schedule 13D is true, complete and correct. Inversiones Inextel, C.A. By: /s/ Steven P. Clancy ----------------------- Name: Steven P. Clancy Title: Director Date: November 21, 2001 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to Schedule 13D is true, complete and correct. AES Comunicaciones de Venezuela, C.A By: /s/ Paul Hanrahan -------------------------- Name: Paul Hanrahan Title: Director Date: November 21, 2001 EX-1.10 3 file002.txt AGREEMENT OF TERMINATION Exhibit 1.10 AGREEMENT OF TERMINATION The undersigned hereby agree that, effective immediately, on this 21st day of November, 2001, the Agreement, dated August 29, 2001, by and among The AES Corporation, Corporacion EDC, C.A. and TelCom 2, B.V., is hereby terminated in all respects and shall not be of any further force or effect as of the date hereof. THE AES CORPORATION /s/ Paul T. Hanrahan --------------------------------- Name: Paul T. Hanrahan Title: Executive Vice President CORPORACION EDC, C.A. /s/ Paul T. Hanrahan --------------------------------- Name: Paul T. Hanrahan Title: Director TELCOM 2, B.V. /s/ Jeffrey A. Safford --------------------------------- Name: Jeffrey A. Safford Title: Managing Director EX-1.11 4 file003.txt CUSTODY AGREEMENT Exhibit 1.11 CUSTODY AGREEMENT This Custody Agreement is made on November 20, 2001 by and between Inversiones Inextel, C.A. ("Depositor") a sociedad anonima existing under the laws of Venezuela and AES Comunicaciones de Venezuela, C.A. ("Custodian") a sociedad anonima existing under the laws of Venezuela. Section 1. Custody of CANTV shares. Depositor hereby transfers 63,999,999 shares (the "Shares") of its property of Compania Anonima Nacional Telefonos de Venezuela ("CANTV") to Custodian. Custodian hereby takes custody of the Shares and agrees to safekeep the Shares and return the Shares to Depositor upon expiration of the term set forth herein or until earlier requested in writing by Depositor with or without cause. Depositor and Custodian shall subscribe any documents, registries and books required to transfer the Shares to Custodian, including, but not limited to the transfers in the stock registry book of CANTV kept by Banco Venezolano de Credito. Section 2. Appointment as Proxy. Depositor hereby appoints Custodian as its agent before CANTV. Consequently, Custodian, through its representatives, officers and agents, is hereby authorized to represent the Shares in any and all shareholders meetings of CANTV, without any further document being necessary to such effect, being sufficiently authorized to exercise all voting rights related to the Shares. Custodian shall be authorized to receive solely and exclusively for the account of Depositor, any and all distributions made by CANTV including but not limited to dividends in shares, cash or other securities. Any and all distributions in cash made by CANTV with respect to the Shares shall be kept by Custodian for the account of Depositor unless otherwise instructed in writing by Depositor. Distributions in kind with respect to the Shares shall be kept in custody by Custodian under this Agreement, unless otherwise instructed in writing by Depositor. Section 3. Disposition of the Shares. Custodian shall not sell, encumber or in any way transfer or dispose of the Shares without the express written instructions of Depositor. Section 4. Taxes. Depositor shall be liable for the payment of any taxes, duties or fees, including withholdings, imposed by an governmental authority, either national, state, local or foreign with respect to the Shares and any distributions in respect thereof. It is understood that in case Custodian pays for such taxes, duties or fees, Depositor shall promptly reimburse such amounts to Custodian upon its written request. Section 5. Term. This Agreement shall have a duration of two (2) years from the date hereof, provided however that, Depositor shall be entitled at any time during the term hereof to terminate this Agreement, with or without cause, by delivering a written notice to such effect to Custodian. Section 6. Notices. All notices, requests, claims, demands or other communications hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by facsimile or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in writing in a notice given in accordance with this Section 6): (a) if to Depositor Avenida Vollmer Edificio La Electricidad de Caracas San Bernardino, Caracas Venezuela Facsimile: 58-212-502-3500 Attention: Julian Nebreda (b) if to Custodian c/o The AES Corporation 1001 North 19th Street Arlington, Virginia Facsimile: 703-522-1315 Attention: Jeffery Safford Section 7. Governing Law. This Agreement shall be governed and construed under the laws of the Bolivarian Republic of Venezuela, without reference to its conflicts of laws. Any dispute arising from the interpretation, construction, application or termination of this Agreement shall be finally solved by the courts of the Metropolitan Area of Caracas, to which jurisdiction the parties expressly declare to submit. Section 8. Amendment. This Agreement may not be modified, amended or supplemented except by a written instrument in writing, signed by, or on behalf of, each of the parties. Section 9. Assignment. This Agreement may not be assigned without the express written consent of the parties. INVERSIONES INEXTEL, C.A. By: /s/ Julian Nebreda ---------------------- Name: Julian Nebreda Title: Director AES COMUNICACIONES DE VENEZUELA, C.A. By: /s/ Fulvio Italiani ---------------------- Name: Fulvio Italiani Title: Attorney-in-fact -----END PRIVACY-ENHANCED MESSAGE-----