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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE TO
(Rule 14d-100)
TENDER OFFER STATEMENT UNDER SECTION
14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
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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)
COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV)
(Name of Filing Person (Issuer and Offeror))
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)
Armando Yanes, Chief Financial Officer
Compania Anonima Nacional Telefonos de Venezuela (CANTV)
Avenida Libertador
Centro Nacional de Telecomunicaciones
Nuevo Edificio Administrativo
Piso 1, Apartado Postal 1226
Caracas, Venezuela 1010
Telephone: (58) 212-500-6800
Copies to:
Robert W. Mullen, Jr., Esq. and Lawrence Lederman, Esq.
Milbank, Tweed, Hadley & McCloy LLP
1 Chase Manhattan Plaza
New York, New York 10005
Telephone: (212) 530-5000
Facsimile: (212) 530-5219
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
CALCULATION OF FILING FEE
Transaction Valuation Amount of Filing Fee
$595,309,740(1) $119,062(2)
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* 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 19,843,658, the amount of
ADSs being sought by the offeror, by $30.00, the offer price per ADS.
(2)The amount of filing fee is calculated by multiplying $595,309,740, the
transaction valuation, by 0.0002.
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:
[_]third party tender offer subject to Rule 14d-1.
[X]issuer tender offer subject to 13e-4.
[_]going-private transaction subject to Rule 13e-3.
[_]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: [_]
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The information set forth in the U.S. Offer to Purchase and the related
Letter of Transmittal, which are attached as Exhibits (a)(1)(A) and (a)(1)(B),
are incorporated herein by reference in response to Items 1-11 of Schedule TO.
ITEM 4. TERMS OF THE TRANSACTION
(a)(1)(iv), (x) and (xi) Not applicable
(a)(2) Not applicable
ITEM 12. EXHIBITS
(a)(1) A. U.S. Offer to Purchase dated October 24, 2001
B. 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 and Class D Shares
E. Form of Letter to Clients for Use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees for ADSs and Class D
Shares
F. Notice of Guaranteed Delivery
G. Summary Advertisement to be published in The Wall Street Journal
on October 25, 2001
(a)(2)Schedule 14D-9 (incorporated by reference as filed by the Filing
Person on October 2, 2001, and all amendments thereto filed
thereafter)
(a)(3)-(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.
(g)-(h) None
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.
Date: October 24, 2001
/S/ GUSTAVO ROOSEN
Name: Gustavo Roosen
Title: President, Chairman and Chief
Executive Officer