UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 2) GRUPO IUSACELL, S.A. DE C.V. (Name of Issuer) COMMON STOCK, WITH NO PAR VALUE (Title of Class of Securities) 40050B100 (1) (CUSIP Number) SECRETARY MOVIL ACCESS, S.A. DE C.V. AV. INSURGENTES SUR 3696 Y CALLE NUEVA COLONIA PENA POBRE MEXICO D.F. 14260 TEL. NO.: 011-52-55-8582-7000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) AUGUST 31, 2004 (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 to this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.) --------------- (1) This CUSIP number is for the American Depositary Shares ("ADSs") of the Company each of which represents five shares of Common Stock of the Company. Continued on following pages Page 1 of 10 Pages --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 2 OF 10 --------------------------- --------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Movil Access, S.A. de C.V. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF and, with respect to 253,500 shares of Common Stock, WC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 69,774,052 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 69,774,052 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 69,774,052 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 74.9% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 3 OF 10 --------------------------- --------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Biper, S.A. de C.V. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 69,774,052 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 69,774,052 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 69,774,052 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 74.9% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 4 OF 10 --------------------------- --------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Corporacion RBS, S.A. de C.V. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 107,500 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 107,500 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 107,500 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .1% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 5 OF 10 --------------------------- --------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Ricardo Benjamin Salinas Pliego -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF (with respect to the 6,139,070 shares of Common Stock owned by Mr. Salinas) -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Mexican States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 75,913,122 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 75,913,122 WITH --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 75,913,122 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 81.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 6 OF 10 --------------------------- --------------------------- This Amendment No. 2 to Schedule 13D, filed on April 6, 2004 ("Schedule 13D"), relates to the common stock, with no par value (the "Common Stock"), of Grupo Iusacell, S.A. de C.V. (the "Company"), a variable stock corporation organized and existing under the laws of the United Mexican States ("Mexico"). This Amendment No.2 amends certain additional information contained in Schedule 13D. Responses to each item below are incorporated by reference into each other item as applicable. Unless otherwise indicated, all capitalized terms used but not defined herein have the meanings set forth in the Schedule 13D. Item 1. SECURITY AND ISSUER. No material change. Item 2. IDENTITY AND BACKGROUND. Item 2 is hereby amended and supplemented by the addition of the following: Corporacion RBS is a corporation organized and existing under the laws of Mexico. Corporacion RBS is a wholly-owned company of Mr. Salinas. Corporacion RBS principal business consists of: (i) promotion, constitution, and participation as shareholder or partner, organize, manage and supervision of any kind of associations or societies of civil or commerce nature, so as the acquisition and selling of any kind of shares or participation in other societies or associations; and (ii) rendering and receiving any kind of services and advisory, so as legal, management, financial, treasury, audit, marketing, balance and budget preparations: elaboration of programs and manuals. Corporacion RBS's address is Av. FF.CC. de Rio Frio No. 419-B, Colonia Fraccionamiento Industrial del Moral, 08500, Mexico, D.F. and its telephone number at such office is: +5255 17207911. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is hereby amended and supplemented by the addition of the following: In an open-market purchase on the Mexican Stock Exchange, Corporacion RBS has acquired 107,500 shares of Common Stock (on a post-Exchange basis) of the Company, as described in item (5) below. The source of the consideration for Corporacion RBS's open-market purchase was working capital of Corporacion RBS. --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 7 OF 10 --------------------------- --------------------------- In a series of open-market purchases on the Mexican Stock Exchange, Mr. Salinas has acquired an additional 974,300 shares of Common Stock (on a post-Exchange basis) of the Company, as described in item (5) below. The source of the consideration for Mr. Salinas's open-market purchases was his own personal funds. Following such open-market purchases, Mr. Salinas beneficially owns, in the aggregate 75,913,122 shares of Common Stock, of which Mr. Salinas directly owns 6,139,070 shares of Common Stock. Item 4. PURPOSE OF TRANSACTION. No material change. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and supplemented by the addition of the following: (a) Mr. Salinas has acquired shares of Common Stock of the Company (at market prices) in a series of open-market purchases on the Mexican Stock Exchange as set forth below. After the Exchange, the shares acquired in such open-market purchases represent 974,300 shares of Common Stock. NUMBER OF DATE OF SECURITY SHARES PRICE PER SHARE PURCHASE PURCHASED PURCHASED (IN MEXICAN PESOS) ------------------------------------------------------------------------------- 29-Jun-04 Common Stock 40,800 $13.373162 30-Jun-04 Common Stock 30,000 $13.866667 2-Jul-04 Common Stock 6,000 $13.913333 6-Jul-04 Common Stock 9,500 $13.871053 7-Jul-04 Common Stock 13,000 $13.800000 8-Jul-04 Common Stock 27,400 $13.520000 9-Jul-04 Common Stock 5,000 $13.200000 13-Jul-04 Common Stock 5,800 $13.300000 14-Jul-04 Common Stock 15,000 $13.433333 15-Jul-04 Common Stock 25,100 $13.469721 16-Jul-04 Common Stock 7,000 $13.368570 19-Jul-04 Common Stock 1,000 $13.300000 20-Jul-04 Common Stock 4,000 $13.250000 21-Jul-04 Common Stock 33,300 $13.490690 22-Jul-04 Common Stock 18,800 $13.829255 26-Jul-04 Common Stock 12,100 $13.950000 27-Jul-04 Common Stock 4,600 $13.810000 6-Aug-04 Common Stock 18,000 $13.955550 17-Aug-04 Common Stock 5,700 $15.324560 18-Aug-04 Common Stock 231,000 $17.694597 19-Aug-04 Common Stock 170,000 $17.545000 20-Aug-04 Common Stock 94,500 $17.656200 27-Aug-04 Common Stock 30,000 $18.800000 --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 8 OF 10 --------------------------- --------------------------- NUMBER OF DATE OF SECURITY SHARES PRICE PER SHARE PURCHASE PURCHASED PURCHASED (IN MEXICAN PESOS) ------------------------------------------------------------------------------- 30-Aug-04 Common Stock 5,000 $18.690000 31-Aug-04 Common Stock 60,000 $18.740000 Mr. Salinas has the sole power to direct the voting and disposition of 75,913,122 shares of Common Stock that he owns directly or indirectly. Based on calculations made in accordance with Rule 13d-3(d) and based on information provided by the Company that there are 93,101,240 shares of Common Stock outstanding as of June 2004, the Reporting Persons, collectively, beneficially own approximately 81.5% of the issued and outstanding shares of Common Stock. Corporacion RBS has acquired 107,500 shares of Common Stock in a series of open-market purchases on the Mexican Stock Exchange, as follows: NUMBER OF DATE OF SECURITY SHARES PRICE PER SHARE PURCHASE PURCHASED PURCHASED (IN MEXICAN PESOS) ------------------------------------------------------------------------------- 12-Jul-04 Common Stock 107,500 $12.280000 After the Exchange, each of Movil, Biper, Corporacion RBS and Mr. Salinas may be deemed to have sole power to direct the voting and disposition of the 75,913,122 shares of Common Stock beneficially owned by them and Mr. Salinas has the sole power to direct the voting and disposition of the additional 6,139,070 shares of Common Stock that he owns directly. Based on calculations made in accordance with Rule 13d-3(d) and based on information provided by the Company that there are 93,101,240 shares of Common Stock outstanding as of June 2004, the Reporting Persons, collectively, beneficially own approximately 81.5% of the issued and outstanding shares of Common Stock. (b) Except as set forth above, no Reporting Person nor, to the best knowledge of each Reporting Person, any person identified in Item 2 hereof, beneficially owns any shares of Common Stock or has effected any transaction in shares of Common Stock during the preceding 60 days. (c) Not applicable. (d) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not applicable. --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 9 OF 10 --------------------------- --------------------------- Item 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 5: Power of Attorney, dated as of October 25, 2004. Exhibit 6: Power of Attorney, dated as of October 25, 2004. Exhibit 7: Power of Attorney, dated as of October 25, 2004. --------------------------- --------------------------- CUSIP NO. 4005013100 SCHEDULE 13D PAGE 10 OF 10 --------------------------- --------------------------- SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 26, 2004 MOVIL ACCESS, S.A. DE C.V. By: /s/ Rafael Martinez de Ita ----------------------------- Name: Rafael Martinez de Ita Title: Attorney in Fact BIPER, S.A. DE C.V. By: /s/ Rafael Martinez de Ita ----------------------------- Name: Rafael Martinez de Ita Title: Attorney in Fact CORPORACION RBS, S.A. de C.V. By: /s/ Jose Abraham Garfias ----------------------------- Name: Jose Abraham Garfias Title: Attorney in Fact RICARDO BENJAMIN SALINAS PLIEGO By: /s/ Jose Abraham Garfias ----------------------------- Name: Jose Abraham Garfias, Title: Attorney in Fact