-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TGBmghej/d2Ajs2gFwpu57CNrjHgiD/hOrokT/e5zj92E1x+J0NWN4rz3rsz1xRK gNHNnDD9TiuAxSXyl98sGw== 0000909518-06-000926.txt : 20061010 0000909518-06-000926.hdr.sgml : 20061009 20061010111323 ACCESSION NUMBER: 0000909518-06-000926 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061010 DATE AS OF CHANGE: 20061010 GROUP MEMBERS: OLIMPIA S.P.A. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIRELLI S P A CENTRAL INDEX KEY: 0001156964 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: VIALE SARCA 222 20126 CITY: MILAR ITALY STATE: L6 ZIP: 00000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELECOM ITALIA S P A CENTRAL INDEX KEY: 0000948642 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 000000000 STATE OF INCORPORATION: L6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61827 FILM NUMBER: 061136185 BUSINESS ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 BUSINESS PHONE: 011-39-02-8595-1 MAIL ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 FORMER COMPANY: FORMER CONFORMED NAME: STET SOCIETA FINANZIARIA TELEFONICA PA DATE OF NAME CHANGE: 19950727 SC 13D/A 1 mm10-0906_13da44.txt NO.44 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (Amendment No. 44) ------------------------------ 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) ALEXANDER ROSENZWEIG, ESQ. VICE PRESIDENT AND CHIEF LEGAL OFFICER PIRELLI NORTH AMERICA, INC. 75 FIFTH STREET, SUITE 320-321 ATLANTA, GEORGIA 30308 (404) 920-0744 WITH A COPY TO: ELLEN J. ODONER, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 (Name, address and telephone number of person authorized to receive notices and communications) OCTOBER 4, 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 of 7 Pages)
- ------------------------------------------------------------- --------------------------------------------------------- CUSIP No. 87927W10 13D Page 2 of 7 - ------------------------------------------------------------- --------------------------------------------------------- - ------------------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON PIRELLI & C. 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: BK, 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 - ------------------------ -------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 182,113,185 NUMBER OF SHARES ------------------- -------------------------------------------------------------------------------- 8 SHARED VOTING POWER: 2,407,345,359 BENEFICIALLY (See Item 5) OWNED BY ------------------- -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 182,113,185 EACH REPORTING ------------------- -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 2,407,345,359 PERSON WITH (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,589,458,544 - ------------------------ -------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ------------------------ -------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 19.35% - ------------------------ -------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ------------------------ --------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------- --------------------------------------------------------- CUSIP No. 87927W10 13D Page 3 of 7 - ------------------------------------------------------------- --------------------------------------------------------- - ------------------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON OLIMPIA 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 - ------------------------ -------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES ------------------- -------------------------------------------------------------------------------- 8 SHARED VOTING POWER: 2,407,345,359 BENEFICIALLY (See Item 5) OWNED BY ------------------- -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 EACH REPORTING ------------------- -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 2,407,345,359 PERSON WITH (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359 (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 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 - ------------------------ --------------------------------------------------------------------------------------------------------
This Amendment No. 44 amends the Statement on Schedule 13D, dated August 9, 2001, as amended (as previously amended, the "Statement on Schedule 13D"), filed by Pirelli S.p.A. (which, as reported in Amendment No. 21 to the Statement on Schedule 13D, subsequently merged with and into Pirelli & C. S.p.A., a company incorporated under the laws of the Republic of Italy), and, commencing with Amendment No. 1 thereto, Olimpia S.p.A., a company incorporated under the laws of the Republic of Italy, 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. Pirelli & C., Olimpia, Edizione Holding and Edizione Finance are members of a group with respect to the Telecom Italia Shares. This Amendment constitutes a separate filing on Schedule 13D by Pirelli & C. and Olimpia in accordance with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934. Pirelli & C. and Olimpia are responsible solely for the information contained in their separate filing, except that information contained in the Statement on Schedule 13D concerning any director or officer of Olimpia nominated by Edizione Holding or Edizione Finance has been provided by the nominating person or by such nominee director or officer. ITEM 2. IDENTITY AND BACKGROUND On October 4, 2006, each of Mr. Corrado Passera and Mr. Alessandro Profumo resigned as directors of Olimpia. On September 12, 2006, Mr. Alberto Bombassei became a director of Pirelli & C. Mr. Bombassei's present principal occupation is chairman of Brembo S.p.A. and his business address is Via Gaetano Negri 10- Milan 21123, Italy. Mr. Bombassei is an Italian citizen. During the past five years, to the knowledge of Pirelli & C. and Olimpia, Mr. Bombassei has not 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 he 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 finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION The information contained in Item 6 below is incorporated herein by reference. On October 4, 2006, Pirelli & C. purchased from each of UCI and BCI certain shares of Olimpia representing, in aggregate, 9.54% of Olimpia's total issued and outstanding share capital for an aggregate purchase price of approximately (euro)1,170,000,000. Pirelli & C. obtained the purchase price from its own available cash resources, including existing lines of credit. Page 4 of 7 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER The information contained in Item 6 below is incorporated herein by reference. Ms. Giulia Ligresti, a director of Pirelli & C., has informed Pirelli & C. that her husband purchased 465 Telecom Italia Shares on July 7, 2006 at a price per share of (euro)2.1925. The transaction was effected over the Italian Stock Exchange. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Reference is made to the New Partners Agreement (as that term is defined in Item 3 of Amendment No. 2 to the Statement on Schedule 13D) and to the information relating thereto reported in Amendment No. 40 to the Statement on Schedule 13D. On October 4, 2006, Pirelli & C. purchased all of UCI's and BCI's respective 4.77% stakes in Olimpia, in each case for a purchase price of approximately (euro)585,000,000. After giving effect to those transactions, Pirelli & C. holds 80% of the total share capital of Olimpia. The remaining 20% of Olimpia's share capital is held by Edizione Finance (together with Edizione Holding). On October 4, 2006, Pirelli & C. issued a press release concerning the transactions described above in this Item 6, a copy of which is filed as Exhibit 102. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 102. Press Release, dated as of October 4, 2006, issued by Pirelli & C. Page 5 of 7 EXHIBIT INDEX ------------- Exhibit No. - ----------- 102. Press Release, dated as of October 4, 2006, issued by Pirelli & C. Page 6 of 7 SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: October 6, 2006 PIRELLI & C. S.p.A. By: /s/ Anna Chiara Svelto ----------------------- Name: Anna Chiara Svelto Title: Attorney-in-fact OLIMPIA S.p.A. By: /s/ Luciano Gobbi ----------------------- Name: Luciano Gobbi Title: Director and Attorney-in-fact Page 7 of 7 EX-99 2 mm10-0906_13da44e102.txt PRESS RELEASE EXHIBIT 102 ----------- PRESS RELEASE PIRELLI ACQUIRES 9.54% OF OLIMPIA FROM INTESA AND UNICREDITO Milan, 4 October 2006 - Pirelli & C. SpA today finalized the acquisition of the stakes in Olimpia SpA held by Banca Intesa SpA (4.77%) and Unicredito Italiano SpA (4.77%) for a consideration of approximately 585 million euros for each bank, as foreseen in the agreements between the parties which lapsed today following the exercising by the banks of their exit rights as announced in March 2006. The transaction was financed with liquidity and the use of available lines of credit. The impact of the acquisition on the net debt of Pirelli & C. is approximately 1,040 million euros, as approximately 130 million euros are already accounted for in the Company's debt, due to the application of IFRS accounting standard. For end-2006, Pirelli & C. conforms its forecast of net debt of approximately 2 billion euros. *** Pirelli Press Office: +39 02 85354270 - pressoffice@pirelli.com Pirelli Investor Relations: +39 02 64422949 - ir@pirelli.com www.pirelli.com -----END PRIVACY-ENHANCED MESSAGE-----