-----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, HgpOOYtfVLUwggPn4xDD8+48i0GnIMQk/1niyD7rF5K0jPY0Wq7xXwp5b6yjQzPb 0yGCZiplwLMYyWeYdEW3yw== 0000909518-07-000867.txt : 20071011 0000909518-07-000867.hdr.sgml : 20071011 20071011151519 ACCESSION NUMBER: 0000909518-07-000867 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071011 DATE AS OF CHANGE: 20071011 GROUP MEMBERS: OLIMPIA S.P.A. 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: 071167196 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 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 SC 13D/A 1 mm10-1107_13da56.txt AMENDMENT NO. 56 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (Amendment No. 56) ------------------------------ 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 5, 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) (Page 1 of 7 Pages) - ------------------------------------ ---------------------------------- CUSIP No. 87927W10 13D Page 2 of 6 - ------------------------------------ ---------------------------------- - --------------- ------------------------------------------------------------- 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 (a) [X] GROUP: (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 8 SHARED VOTING POWER: 2,407,345,359 SHARES (See Item 5) BENEFICIALLY ----------- ------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER: 182,113,185 EACH REPORTING ----------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE 2,407,345,359 POWER: (See Item 5) - ---------------------------- ------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,589,458,544 BY REPORTING PERSON: - --------------- ------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - --------------- ------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 19.35% (11): - --------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - --------------- ------------------------------------------------------------- - ------------------------------------ ---------------------------------- CUSIP No. 87927W10 13D Page 3 of 6 - ------------------------------------ ---------------------------------- - --------------- ------------------------------------------------------------- 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 (a) [X] GROUP: (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 8 SHARED VOTING POWER: 2,407,345,359 SHARES (See Item 5) BENEFICIALLY ----------- ------------------------------------------------ OWNED BY 9 SOLE DISPOSITIVE POWER: 0 EACH REPORTING ----------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE 2,407,345,359 POWER: (See Item 5) - ---------------------------- ------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED 2,407,345,359 BY REPORTING PERSON: (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 17.99% (11): (See Item 5) - --------------- ------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - --------------- ------------------------------------------------------------- This Amendment No. 56 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) ("PIRELLI"), and, commencing with Amendment No. 1 thereto, Olimpia S.p.A. ("OLIMPIA"), 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, Olimpia, Sintonia S.p.A. (which, it publicly announced on March 9, 2007, has replaced Edizione Holding in various shareholders agreements relating to Olimpia) and Sintonia S.A. (which, according to Sintonia S.p.A.'s public announcement, is the new name of 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 and Olimpia in accordance with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934. Pirelli 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 Sintonia S.p.A., its predecessor Edizione Holding or Sintonia S.A. has been provided by the nominating person or by such nominee director or officer. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Reference is made to the bond loan "Olimpia S.p.A. 1.5% 2001-2007," described in item 3 of Amendment No. 4 to the Statement on Schedule 13 D (the "Bond Loan"). On October 5, 2007, Olimpia redeemed the residual bonds issued under the Bond Loan in full by delivery of 331,501 shares of Telecom Italia S.p.A. The shares were purchased by Olimpia on October 2, 2007, for a purchase price of approximately EUR 715,000. ITEM 4. PURPOSE OF TRANSACTION The information contained in Item 3 above is incorporated herein by reference. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER The information contained in Item 3 above is incorporated herein by reference. Reference is made to the equity swap transaction entered into between Olimpia and Caboto Holding SIM S.p.A. now Banca Caboto ("Caboto") described in item 5 of Amendment No. 7 to the Statement on Schedule 13D (the "Equity Swap Agreement"). On October 5, 2007, the Equity Swap Agreement terminated and Olimpia paid Caboto approximately EUR 49 million as a result of such termination. Page 4 of 7 Pages ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Reference is made to the Revolving Credit Facility, dated as of December 22, 2005, entered into among Olimpia and Interbanca S.p.a. and Banca Antoniana Popolare Veneta S.p.A. (as Lenders), described in item 7 of Amendment No. 38. On October 5, 2007, Olimpia pledged an additional 16,764,594 ordinary shares of the Company to the Lenders pursuant to the Revolving Credit Facility. Reference is made to the Financing Agreement, dated as June 28, 2005, entered into between Olimpia and Banca Monte dei Paschi di Siena S.p.A. (as Lender), described in item 7 of Amendment No. 36. On October 5, 2007, Olimpia pledged an additional 125,302,915 ordinary shares of the Company to the Lender pursuant to the Financing Agreement. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 116. Press Release, dated as of October 5, 2007, issued by Olimpia S.p.A. Page 5 of 7 Pages 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 11, 2007 PIRELLI & C. S.p.A. By: /s/ -------------------------------- Name: Title: OLIMPIA S.p.A. By: /s/ -------------------------------- Name: Title: Page 6 of 7 Pages EXHIBIT INDEX ------------- Exhibit No. ----------- 116. Press Release, dated as of October 5, 2007, issued by Olimpia S.p.A. Page 7 of 7 Pages EX-99 2 mm10-1107_13da56e116.txt PRESS RELEASE EXHIBIT 116 OLIMPIA SPA PRESS RELEASE ------------------------- OLIMPIA: LAST EQUITY SWAP ON 62 MILLION TELECOM ITALIA SHARES CLOSED RESIDUAL "OLIMPIA 1.5% 2001-2007" BONDS REIMBURSED Milan, 5 October 2007 - Olimpia SpA communicates that on today's date the last existing equity swap contract, on approximately 62 million Telecom Italia shares, which was subscribed in 2001 with Banca Caboto, has been closed upon its natural expiration. The impact of the closing of the contract, which meant a cash payment of about 49 million euros, was already included in the estimate for the sale price of the company by effect of the agreement reached by Pirelli and Sintonia with primary financial institutional investors and industrial operators on 28 April 2007. At the same time, Olimpia proceeded to reimburse the residual 703,000 "Olimpia SpA 1.5% 2001-2007" bonds, which expired today. The repayment was made through delivery of 331,501 Telecom Italia SpA ordinary shares, according to the exchange ratio foreseen by the regulation of the bond issue, taking into account the Olivetti/Telecom Italia merger (the bonds were originally repayable, in fact, with Olivetti shares). The Telecom Italia SpA shares at the service of the above-mentioned repayment were purchased last 2 October for the amount of approximately 715,000 euros. Attached is the internal dealing form relating to the above-mentioned transactions as per Article 152-octies comma 7 of the Issuers Regulation approved by Consob resolution 11971/99. -----END PRIVACY-ENHANCED MESSAGE-----