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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 35)
------------------------------
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
SINTONIA S.P.A.
CORSO DI PORTA VITTORIA 16
20122 MILAN
ITALY
(+39) 02-549241
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)
MARCH 2, 2007
(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)
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CUSIP No. 87927W10 13D
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---------------------- -------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON SINTONIA 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 9 SOLE DISPOSITIVE POWER: 30,084,650
REPORTING
------------------- ----------------------------------------- --------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
---------------------- -------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,437,430,009
---------------------- -------------------------------------------------------------------------------------------------
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)
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14 TYPE OF REPORTING PERSON: CO
(Page 2)
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CUSIP No. 87927W10 13D
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---------------------- -------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON SINTONIA S.A. (FORMERLY KNOWN AS
I.R.S. IDENTIFICATION NO. EDIZIONE FINANCE INTERNATIONAL S.A.)
OF ABOVE PERSON Not Applicable
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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: Luxembourg
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------- ----------------------------------------- --------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
------------------- ----------------------------------------- --------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ----------------------------------------- --------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
---------------------- -------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359
---------------------- -------------------------------------------------------------------------------------------------
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
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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
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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 9 SOLE DISPOSITIVE POWER: 30,084,650
REPORTING
------------------- ----------------------------------------- --------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
---------------------- -------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,437,430,009
---------------------- -------------------------------------------------------------------------------------------------
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. 35 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, and Ragione S.a.p.a. di
Gilberto Benetton e C., a partnership organized under the laws of the Republic
of Italy ("RAGIONE") 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 Sintonia S.p.A., Sintonia S.A.
(formerly known as Edizione Finance International S.A.) and Ragione. By virtue
of the demerger described below, Sintonia S.p.A. and Sintonia S.A. are members
of a group with Pirelli and Olimpia with respect to the Telecom Italia Shares.
Edizione Holding is no longer a member of such group. 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. Sintonia S.p.A., Sintonia S.A. and
Ragione 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 the
Purchaser nominated by Pirelli has been provided by the nominating person or by
such nominee director or officer.
ITEM 2. IDENTITY AND BACKGROUND
This Statement is filed by Sintonia S.p.A., a company incorporated
under the laws of the Republic of Italy, Sintonia S.A. (formerly known as
Edizione Finance International S.A.) and Ragione.
Effective March 2, 2007, Edizione Holding was partially demerged
through the establishment of a new entity called Sintonia S.p.A. which now owns
all direct and indirect interests in the utilities and infrastructure sector
formerly held by Edizione Holding (the "DEMERGER"). Effective February 21, 2007,
Edizione Finance International S.A. changed its legal name to Sintonia S.A. As a
result of the Demerger, Sintonia S.p.A., owns approximately 100% of the share
capital of Sintonia S.A., which owns directly approximately 10.62% of the equity
of Olimpia S.p.A. Sintonia S.p.A. owns directly approximately 9.38% of the
equity of Olimpia S.p.A. (and, together with its control of Sintonia S.A., 20%
of Olimpia S.p.A.) and 0.23% of the share capital of Telecom Italia S.p.A.
Sintonia S.p.A., through its subsidiaries and affiliates, is a holding
company that manages both majority and minority investments in publicly traded
and privately owned companies. Sintonia S.p.A. is principally engaged in the
utilities and infrastructure sector. Approximately 99.24% of the share capital
of Sintonia S.p.A. is beneficially owned by Ragione. The registered office of
Sintonia S.p.A. is located at Corso di Porta Vittoria 16 Milan, Italy.
The name, business address, citizenship, present principal occupation
or employment (and name, principal business and address of any corporation or
organization at which such
(Page 5)
employment is conducted) of each director and executive officer of Sintonia
S.p.A. is set forth on Schedule I.
During the past five years, neither Sintonia S.p.A. nor any of its
directors or executive officers has been (i) convicted in any criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activity subject to, federal or state securities laws or fining any
violation with respect to such laws.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) According to publicly available information reported by
Consob, as of March 7, 2007, 13,380,735,809 Telecom Italia Shares were
outstanding. Sintonia S.p.A. may be deemed to beneficially own 2,437,430,009
Telecom Italia Shares, representing approximately 18.22% of the total number of
Telecom Italia Shares reported to be outstanding as of March 7, 2007.
(b) Sintonia S.p.A. may be deemed to have sole power to vote or to
direct the vote, and sole power to dispose or to direct the disposition of
30,084,650 Telecom Italia Shares. In addition, subject to its obligations under
the Shareholders Agreement (as defined in the Schedule 13D filed on August 9,
2001) and the 2006 Shareholders Agreement (as defined in Amendment No. 33 to the
Schedule 13D on November 08, 2006), Sintonia S.p.A. may be deemed to have shared
power to vote or to direct the vote, and shared power to dispose or to direct
the disposition of 2,437,430,009 Telecom Italia Shares.
(c)-(d) Not applicable.
(e) As a result of the Demerger described in Item 2 above,
effective March 2, 2007, Edizione Holding ceased to be the beneficial owner of
more than 5% of Telecom Italia Shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
As a result of the Demerger described in Item 2 above, Sintonia S.p.A.
replaced Edizione Holding and acceded to all of Edizione Holding's rights and
obligations under the Shareholders Agreement and the 2006 Shareholders
Agreement, including but not limited to its voting rights and the right to
appoint members of Olimpia's and Telecom Italia's board of directors. A
description of their accession to these agreements, along with others, is
attached hereto as Exhibit 84.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
84. Press Release, dated as of March 9, 2007, issued by Sintonia
S.p.A.
(Page 6)
EXHIBIT INDEX
Exhibit No.
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84. Press Release, dated as of March 9, 2007, issued by Sintonia
S.p.A.
(Page 7)
SIGNATURE
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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: March 14, 2007
SINTONIA S.p.A.
By: /s/ Gianni Mion
-----------------------------------
Name: Gianni Mion
Title: Chief Executive Officer
(Page 8)
SIGNATURE
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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: March 14, 2007
SINTONIA 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: March 14, 2007
RAGIONE S.a.p.a DI GILBERTO
BENETTON E C.
By: /s/ Gilberto Benetton
-----------------------------------
Name: Gilberto Benetton
Title: Chairman
(Page 10)
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS OF SINTONIA S.P.A.
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------------------------------- ---------------------------- ---------------------------- ----------------------------
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITIONS WITH SINTONIA PRESENT PRINCIPAL
S.P.A. OCCUPATION
------------------------------- ---------------------------- ---------------------------- ----------------------------
Benetton Gilberto - Corso di Italian Chairman Executive
Porta Vittoria 16 - 20122
Milano
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De Simoi Sergio - Corso di Italian Director Consultant
Porta Vittoria 16 - 20122
Milano
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Mion Gianni - Corso di Porta Italian Director Executive
Vittoria 16- 20122 Milano
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Caso Angelo - Via Bigli 21 - Italian President of the Board of Business Consultant
20121 Milano Statutory Auditors
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Laghi Aldo - Viale Cesare Italian Statutory Auditor Lawyer
Battisti 1 - 31100 Treviso
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Cunial Giovanni Pietro - Via Italian Statutory Auditor Business Consultant
O. Brentari 1 - 36061 Bassano
del Grappa (VI)
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Borelli Alberto - Via Italian Deputy Statutory Auditor Business Consultant
Monterumici 8 - 31100 Treviso
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Ercolani Mauro - Corso di Italian Deputy Statutory Auditor Business Consultant
Porta Vittoria 16 - 20122
Milano
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(Page 11)