SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 SCHEDULE 14D-9
                               (AMENDMENT NO. 7)

                                 (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)

            COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA (CANTV)

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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 National 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)

                     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

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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:

             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

[_]  Check the box if the filing relates solely to preliminary communications
     made before the commencement of a tender offer.



     This Amendment No. 76 amends and supplements the Solicitation/
Recommendation Statement on Schedule 14D-9 originally filed with the SEC on
October 2, 2001 and as amended and supplemented prior to the date hereof (the
"Schedule 14D-9"), related to the tender offer by AES Comunicaciones de
Venezuela, C.A., company organized under the laws of Venezuela, which is jointly
owned by The AES Corporation and AES's 87% owned subsidiary, Corporacion EDC,
C.A., upon the terms and subject to the conditions set forth in the offer to
purchase, dated September 25, 2001, and the related letter of transmittal,
pursuant to which Purchaser makes an offer to purchase for $24.00 per ADS, 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 to
purchase 199,968,608 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 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:

     Commencing on October 18, 2001, Georgeson Shareholder ("Georgeson"), the
U.S. information agent to the ADS holders, called ADS holders to provide
information with respect to the shareholder proposals. Additionally, Georgeson
made itself available for ADS holder questions. A script of the language
Georgeson used is filed as Exhibit (a)(17) to the Schedule 14D-9 and is
incorporated herein be reference.

ITEM 9. MATERIAL TO BE FILED AS EXHIBITS

     Item 9 of the Schedule 14D-9 is hereby amended and supplemented by adding
the following text thereto:

Exhibit (a)(17) Script of the Georgeson phone calls, dated October 18, 2001.



                                   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.

                                        COMPANIA ANONIMA
                                        NACIONAL TELEFONOS DE
                                        VENEZUELA (CANTV)

                                        By: /S/ GUSTAVO ROOSEN
                                        Name: Gustavo Roosen
                                        Title: President, Chairman and Chief
                                        Executive Officer


Dated: October 18, 2001