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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 34)
------------------------------
TELECOM ITALIA S.P.A.
(Name of Issuer)
ORDINARY SHARES OF EURO 0.55 PAR VALUE EACH 87927W10
(Title of class of securities) (CUSIP number)
DOTT. GIANNI MION
EDIZIONE HOLDING S.P.A.
CALMAGGIORE 23
31100 TREVISO
ITALY
(+39) 0422-5995
WITH A COPY TO:
MICHAEL S. IMMORDINO, ESQ.
LATHAM & WATKINS
99 BISHOPSGATE
LONDON EC2M 3XF
ENGLAND
(+44) 207-710-1076
(Name, address and telephone number of person authorized
to receive notices and communications)
DECEMBER 19, 2006
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. SEE Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1)
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CUSIP No. 87927W10 13D
-------------------------------------- ----------------------------------
------------ ------------------------------ -----------------------------------
1 NAME OF REPORTING PERSON EDIZIONE HOLDING S.p.A.
I.R.S. IDENTIFICATION NO. Not Applicable
OF ABOVE PERSON
------------ --------------------------------------------------- --------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [ ]
------------ ------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------
4 SOURCE OF FUNDS: 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: Italy
------------ ------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 30,084,650
SHARES
------------- ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
EACH ------------- ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 30,084,650
PERSON WITH ------------- ---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
------------ ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,437,430,009
REPORTING PERSON:
------------ ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
------------ ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 18.22%
(See Item 5)
------------ ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
(Page 2)
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CUSIP No. 87927W10 13D
-------------------------------------- ----------------------------------
------------ ------------------------------ -----------------------------------
1 NAME OF REPORTING PERSON EDIZIONE FINANCE INTERNATIONAL S.A.
I.R.S. IDENTIFICATION NO. Not Applicable
OF ABOVE PERSON
------------ --------------------------------------------------- --------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [ ]
------------ ------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------
4 SOURCE OF FUNDS: 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: Italy
------------ ------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------- ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
EACH ------------- ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
PERSON WITH ------------- ---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
------------ ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,407,345,359
REPORTING PERSON:
------------ ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
------------ ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 17.99%
(See Item 5)
------------ ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
(Page 3)
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CUSIP No. 87927W10 13D
-------------------------------------- ----------------------------------
------------ ------------------------------ -----------------------------------
1 NAME OF REPORTING PERSON RAGIONE S.a.p.a. DI GILBERTO
I.R.S. IDENTIFICATION NO. BENETTON E C.
OF ABOVE PERSON Not Applicable
------------ --------------------------------------------------- --------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [ ]
------------ ------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------
4 SOURCE OF FUNDS: 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: Italy
------------ ------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 30,084,650
SHARES
------------- ---------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
EACH ------------- ---------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 30,084,650
PERSON WITH ------------- ---------------------------------------------------
10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
------------ ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,437,430,009
REPORTING PERSON:
------------ ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES: [ ]
------------ ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 18.22%
(See Item 5)
------------ ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
(Page 4)
This Amendment No. 34 amends the Statement on Schedule 13D dated August
9, 2001, as amended (as previously amended, the "STATEMENT ON SCHEDULE 13D")
filed by Edizione Holding S.p.A., a company incorporated under the laws of the
Republic of Italy ("EDIZIONE HOLDING"), Edizione Finance International S.A., a
company incorporated in the Duchy of Luxembourg ("EDIZIONE FINANCE"), and
Ragione S.a.p.a. di Gilberto Benetton e C., a partnership organized under the
laws of the Republic of Italy ("RAGIONE") (Edizione Holding, Edizione Finance
and Ragione, are collectively referred to herein as the "EDIZIONE REPORTING
PERSONS") with respect to the ordinary shares, euro 0.55 par value per share, of
Telecom Italia S.p.A., a company incorporated under the laws of the Republic of
Italy. Capitalized terms used in this Amendment without definition have the
meanings ascribed to them in the Statement on Schedule 13D.
This Amendment is being filed by each of the Edizione Reporting
Persons. Pirelli, Olimpia, Edizione Finance and Edizione Holding are members of
a group with respect to the Telecom Italia Shares. By virtue of the 2006
Shareholders Agreement, Assicurazioni Generali S.p.A. and Mediobanca S.p.A. may
also be deemed to be members of such group. The Edizione Reporting Persons are
making a separate filing on Schedule 13D in accordance with Rule 13d-1(k)(2)
under the Securities Exchange Act of 1934 and are solely responsible for the
information contained in this filing, except that information contained in the
Statement on Schedule 13D concerning any director or officer of Olimpia
nominated by Pirelli has been provided by the nominating person or by such
nominee director or officer.
ITEM 2. IDENTITY AND BACKGROUND
On December 19, 2006, a shareholders' meeting of Olimpia resolved to
amend the by-laws of Olimpia by (a) reducing the size of the board of directors
from ten to six (and limiting the number of directors that may be drawn from any
individual shareholder's list of nominees to half of the total number of
directors) and (b) reducing to 81 percent the proportion of the total number of
Olimpia shares required to be (i) represented at an extraordinary shareholders
meeting in order to constitute a quorum and (ii) affirmatively voted in order to
approve any resolution at an extraordinary shareholders meeting.
Also at the shareholders' meeting of Olimpia, each of the following
individuals was elected to the board of directors for a term of three fiscal
years: Mr. Marco Tronchetti Provera, Mr. Carlo A. Puri Negri, Mr. Luciano Gobbi,
Mr. Gilberto Benetton, Mr. Gianni Mion and Mr. Giancarlo Olgiati. Each of
Messrs. Tronchetti Provera, Puri Negri and Gobbi was nominated by Pirelli & C.,
and each of Messrs. Benetton, Mion and Olgiati was nominated by Edizione Holding
and Edizione Finance. Subsequently, at a meeting of the Olimpia's board of
directors held on the same date, Mr. Tronchetti Provera was confirmed as
Chairman of Olimpia and Mr. Benetton was confirmed as Vice-Chairman of Olimpia.
Information concerning each of Messrs. Tronchetti Provera, Puri Negri, Gobbi,
Benetton and Mion has previously been filed on this Statement on Schedule 13D.
Mr. Olgiati's present principal occupation is partner of the Swiss law firm of
Ghiringhelli, Olgiati e Asssociati and his business address is Via Nassa 38,
6900 Lugano, Switzerland. Mr. Olgiati is a Swiss citizen. He does not
beneficially own any securities of Telecom Italia.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER
(Page 5)
Reference is made to the put arrangements described in Item 6 of
Amendment No. 32 to the Statement on Schedule 13D. Such put options were not
exercised by either HSBC or Banca Akros S.p.A., and as a result, on December 15,
2006, the put arrangements expired.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
83. Press Release, dated as of December 19, 2006, issued by Olimpia.
(Page 6)
EXHIBIT INDEX
EXHIBIT NO.
83. Press Release, dated as of December 19, 2006, issued by Olimpia.
(Page 7)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2007
EDIZIONE HOLDING S.p.A.
By: /s/ Gianni Mion
--------------------------------
Name: Gianni Mion
Title: Chief Executive Officer
(Page 8)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2007
EDIZIONE FINANCE INTERNATIONAL S.A.
By: /s/ Gustave Stoffel
--------------------------------
Name: Gustave Stoffel
Title: Director
(Page 9)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2007
RAGIONE S.a.p.a DI GILBERTO
BENETTON E C.
By: /s/ Gilberto Benetton
--------------------------------
Name: Gilberto Benetton
Title: Chairman
(Page 10)