EX-8.1 4 dex81.htm LIST OF SUBSIDIARIES List of Subsidiaries

– List of Subsidiaries

 

Telecom Italia Group

 

List of companies consolidated on a line-by-line basis

Exhibit 8.1

 

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

WIRELINE

 

                             

BBEYOND B.V.

(telecommunications services)

    AMSTERDAM
(HOLLAND)		   EUR    18,000    100.0000         BBNED N.V.

BBNED N.V.

(telecommunications services)

    AMSTERDAM
(HOLLAND)		   EUR    82,430,000    98.7764         TELECOM ITALIA INTERNATIONAL N.V.

ELETTRA TLC S.p.A.

(services rendered in connection with submarine

cable systems for telecommunications)

    ROME
(ITALY)		   EUR    10,329,200    100.0000         MEDITERRANEAN NAUTILUS S.A.

HANSENET TELEKOMMUNIKATION GmbH

(telecommunications services)

    HAMBURG
(GERMANY)		   EUR    91,521,500    100.0000         TELECOM ITALIA DEUTSCHLAND HOLDING GmbH

INTELCOM SAN MARINO S.p.A.

(telecommunications services in San Marino)

    REPUBLIC OF
SAN MARINO		   EUR    1,550,000    99.9999
0.0001		         TELECOM ITALIA SPARKLE S.p.A.
TELECOM ITALIA S.p.A.

LATIN AMERICAN NAUTILUS ARGENTINA S.A.

(installation and maintenance of submarine cable systems)

    BUENOS AIRES
(ARGENTINA)		   ARS    12,000    99.9999         LATIN AMERICAN NAUTILUS S.A.

LATIN AMERICAN NAUTILUS BOLIVIA SRL

(installation and maintenance of submarine cable systems)

    LA PAZ
(BOLIVIA)		   BOB    5,110,600    99.9980
0.0020		         LATIN AMERICAN NAUTILUS S.A.
LATIN AMERICAN NAUTILUS USA Inc.

LATIN AMERICAN NAUTILUS BRASIL Ltda

(installation and maintenance of submarine cable systems)

    RIO DE JANEIRO
(BRAZIL)		   BRL    86,865,371    99.9900
0.0100		         LATIN AMERICAN NAUTILUS S.A.
LATIN AMERICAN NAUTILUS USA Inc.

LATIN AMERICAN NAUTILUS BRASIL PARTICIPACOES Ltda

(holding company)

    RIO DE JANEIRO
(BRAZIL)		   BRL    86,866,370    99.9980
0.0020		         LATIN AMERICAN NAUTILUS S.A.
LATIN AMERICAN NAUTILUS LTD

LATIN AMERICAN NAUTILUS CHILE S.A.

(installation and maintenance of submarine cable systems)

    SANTIAGO
(CHILE)		   CLP    7,291,239,671    99.9999         LATIN AMERICAN NAUTILUS S.A.

LATIN AMERICAN NAUTILUS COLOMBIA Ltda

(installation and maintenance of submarine cable systems)

    BOGOTA’
(COLOMBIA)		   COP    199,833,000    99.9999         LATIN AMERICAN NAUTILUS S.A.

LATIN AMERICAN NAUTILUS Ltd

(installation and maintenance of submarine cable systems)

    DUBLIN
(IRELAND)		   USD    1,000,000    100.0000         LATIN AMERICAN NAUTILUS S.A.

LATIN AMERICAN NAUTILUS MEXICO S.A.

(installation and maintenance of submarine cable systems)

    MEXICO D.F.
(MEXICO)		   MXN    100,000    99.9900
0.0100		         LATIN AMERICAN NAUTILUS S.A.
LATIN AMERICAN NAUTILUS USA Inc.

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by
LATIN AMERICAN NAUTILUS PANAMA S.A.    PANAMA   USD    10,000    100.0000         LATIN AMERICAN NAUTILUS S.A.
(installation and maintenance of submarine cable systems)                             

LATIN AMERICAN NAUTILUS PERU’ S.A.

(installation and maintenance of submarine cable systems)

    LIMA
(PERÙ)		   PEN    36,036,491    99.9999         LATIN AMERICAN NAUTILUS S.A.

LATIN AMERICAN NAUTILUS S.A.

(holding company)

    LUXEMBOURG   USD    55,500,000    99.9999         TELECOM ITALIA S.p.A.

LATIN AMERICAN NAUTILUS SERVICE Inc.

(installation and maintenance of submarine cable systems)

    MIAMI
(USA)		   USD    10,000    100.0000         LATIN AMERICAN NAUTILUS USA Inc.
LATIN AMERICAN NAUTILUS St. Croix LLC    ST CROIX   USD    1,000    100.0000         LATIN AMERICAN NAUTILUS S.A.
(installation and maintenance of submarine cable systems)    (USA)                        
LATIN AMERICAN NAUTILUS USA Inc.    MIAMI   USD    20,000    100.0000         LATIN AMERICAN NAUTILUS S.A.
(installation and maintenance of submarine cable systems)    (USA)                        
LATIN AMERICAN NAUTILUS VENEZUELA C.A.    CARACAS   VEB    21,925,000    99.9999         LATIN AMERICAN NAUTILUS S.A.
(installation and maintenance of submarine cable systems)    (VENEZUELA)                        
LOQUENDO SOCIETA’ PER AZIONI    TURIN   EUR    3,573,741    99.9846         TELECOM ITALIA S.p.A.

(research, development and marketing of technologies

and equipment regarding voice synthesis recognition and/or interaction)

    (ITALY)                        
MED 1 IC-1 (1999) Ltd    TEL AVIV   ILS    1,000    99.9000         MED-1 SUBMARINE CABLES Ltd
(installation and management of submarine cable IC1)    (ISRAEL)             0.1000         MED-1 ITALY S.r.l.
MED-1 (NETHERLANDS) B.V.    AMSTERDAM   EUR    18,151    100.0000         MED-1 SUBMARINE CABLES Ltd
(holding company)    (HOLLAND)                        
MED-1 ITALY S.r.l.    ROME   EUR    548,477    100.0000         MED-1 (NETHERLANDS) B.V.
(installation and management submarine cable systems in Italian seas)    (ITALY)                        
MED-1 SUBMARINE CABLES Ltd    TEL AVIV   ILS    100,000    27.8250         TELECOM ITALIA INTERNATIONAL N.V.
(installation and management of cable Lev)    (ISRAEL)             23.1750         TELECOM ITALIA S.p.A.
MEDITERRANEAN NAUTILUS BV    AMSTERDAM   EUR    18,003    100.0000         MEDITERRANEAN NAUTILUS Ltd
(holding company)    (HOLLAND)                        
MEDITERRANEAN NAUTILUS GREECE Ltd    ATHENS   EUR    111,600    100.0000         MEDITERRANEAN NAUTILUS BV
(installation and management of submarine cable systems)    (GREECE)                        
MEDITERRANEAN NAUTILUS Inc.    DELAWARE   USD    3,000    100.0000         MEDITERRANEAN NAUTILUS BV
(telecommunications services)    (USA)                        
MEDITERRANEAN NAUTILUS ISRAEL Ltd    TEL AVIV   ILS    1,000    100.0000         MEDITERRANEAN NAUTILUS BV
(TLC services. installation and management of submarine cable systems)    (ISRAEL)                        
MEDITERRANEAN NAUTILUS ITALY S.p.A.    ROME   EUR    3,100,000    100.0000         MEDITERRANEAN NAUTILUS BV
(installation and management of submarine cable systems)    (ITALY)                        
MEDITERRANEAN NAUTILUS Ltd    DUBLIN   USD    100,000    51.0000         MEDITERRANEAN NAUTILUS S.A.

(installation and management of submarine cable systems)

    (IRELAND)                        

 

Name    Head Office   Currency    Share Capital    %
ownership		    % of
voting rights		    Held by

MEDITERRANEAN NAUTILUS S.A.

    LUXEMBOURG   USD    326,480,000    62.5092         TELECOM ITALIA S.p.A.

(holding company)

                  7.4908         TELECOM ITALIA INTERNATIONAL N.V.

MEDITERRANEAN NAUTILUS TELEKOMÜNIKASYON

HIZMETLERI TICARET ANONIM SIRKETI

(telecommunications services)

    ISTANBUL
(TURKEY)		   TRL    350,000,000,000    99.9988
0.0003
0.0003
0.0003
0.0003		        

MEDITERRANEAN NAUTILUS BV

MEDITERRANEAN NAUTILUS Ltd

MEDITERRANEAN NAUTILUS ITALY S.p.A.

MEDITERRANEAN NAUTILUS ISRAEL Ltd

MEDITERRANEAN NAUTILUS GREECE Ltd

PATH.NET S.p.A.    ROME   EUR    25,800,000    100.0000         TELECOM ITALIA S.p.A.
(networking systems and telecommunications)    (ITALY)                        
TELECOM ITALIA DEUTSCHLAND HOLDING GmbH    HAMBURG   EUR    25,000    100.0000         TELECOM ITALIA S.p.A.
(holding company)    (GERMANY)                        
TELECOM ITALIA FRANCE SAS    PARIS   EUR    20,307,800    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (FRANCE)                        
TELECOM ITALIA NETHERLANDS B.V.    AMSTERDAM   EUR    18,200    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (HOLLAND)                        
TELECOM ITALIA SPAIN SL UNIPERSONAL    MADRID   EUR    2,003,096    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (SPAIN)                        
TELECOM ITALIA SPARKLE OF NORTH AMERICA INC.    NEW YORK   USD    15,550,000    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications and promotional services)    (USA)                        
TELECOM ITALIA SPARKLE S.p.A.    ROME   EUR    200,000,000    100.0000         TELECOM ITALIA S.p.A.
(public and private telecommunication services management)    (ITALY)                        
TELECOM ITALIA SPARKLE SINGAPORE PTE LTD    SINGAPORE   USD    500,000    99.9998         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)                  0.0002         TELECOM ITALIA SPARKLE OF NORTH AMERICA INC.
TELECONTACT CENTER S.p.A.    NAPLES   EUR    770,000    100.0000         TELECOM ITALIA S.p.A.
(telemarketing services)    (ITALY)                        
TELEFONIA MOBILE SAMMARINESE S.p.A.    REPUBLIC OF   EUR    78,000    51.0000         INTELCOM SAN MARINO S.p.A.
(mobile telephony services)    SAN MARINO                        
TELEMEDIA INTERNATIONAL USA Inc.    DELAWARE   USD    154,022,889    100.0000         TMI - TELEMEDIA INTERNATIONAL Ltd
(telecommunications services)    (USA)                        
TI BELGIUM S.P.R.L. - B.V.B.A    BRUSSELS   EUR    3,000,000    99.9967         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (BELGIUM)                        
TI GERMANY GmbH    FRANKFURT   EUR    25,000    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (GERMANY)                        
TI SWITZERLAND GmbH    ZURICH   CHF    2,000,000    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (SWITZERLAND)                        

TI TELECOM ITALIA (AUSTRIA)

TELEKOMMUNICATIONDIESTE GMBH

(telecommunications services)

    VIENNA
(AUSTRIA)		   EUR    2,735,000    100.0000         TELECOM ITALIA SPARKLE S.p.A.
TI UNITED KINGDOM Ltd    LONDON   GBP    3,855,000    100.0000         TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (UK)                        

Name    Head Office   Currency    Share Capital    %
ownership		     % of
voting rights		    Held by
TMI - TELEMEDIA INTERNATIONAL Ltd    LONDON   EUR    3,983,254    100.0000          TELECOM ITALIA SPARKLE S.p.A.
(telecommunications services)    (UK)                         

MOBILE

 

                              
BLAH! INC (ex TIMNET USA Inc)    MIAMI   USD    21,664,000    100.0000          TIM INTERNATIONAL N.V.
(mobile network services)    (USA)                         
BLAH! SOCIEDADE ANÔNIMA DE SERVIÇOS E COMÉRCIO    RIO DE JANEIRO   BRL    78,000,000    100.0000   (*)        TIM INTERNATIONAL N.V.
(internet services)    (BRAZIL)                         
CORPORACION DIGITEL C.A.    CARACAS   VEB    41,214,946,687    100.0000   (*)        TIM INTERNATIONAL N.V.
(telecommunications services)    (VENEZUELA)                         

CRC - Centro de Relacionamento com Clientes LTDA

(ex STARCEL LTDA)

(call center services)

    SAO PAULO
(BRAZIL)		   BRL    50,000,000    100.0000   (*)        TIM BRASIL SERVIÇOS E PARTICIPAÇÕES S.A.
MAXITEL S.A.    BELO HORIZONTE   BRL    1,200,769,399    100.0000          TIM CELULAR S.A.
(mobile telephony operator)    (BRAZIL)                         
TELECOM ITALIA MOBILE S.p.A.    TURIN   EUR    515,728,778    55.0800     55.9400    TELECOM ITALIA S.p.A.
(mobile telephony operator)    (ITALY)             0.1650     0.1680    TELECOM ITALIA FINANCE S.A.
TIM BRASIL SERVIÇOS E PARTICIPAÇÕES S.A.    RIO DE JANEIRO   BRL    9,280,705,829    100.0000          TIM INTERNATIONAL N.V.
(holding company)    (BRAZIL)                         
TIM CELULAR S.A.    SAO PAULO   BRL    8,383,490,152    100.0000   (*)        TIM BRASIL SERVIÇOS E PARTICIPAÇÕES S.A.
(mobile telephony operator)    (BRAZIL)                         
TIM HELLAS TELECOMMUNICATIONS S.A. (ex STET HELLAS)    ATHENS   EUR    128,331,382    80.7407          TIM INTERNATIONAL N.V.
(mobile telephony operator)    (GREECE)             0.1294          TELECOM ITALIA FINANCE S.A.
TIM INTERNATIONAL N.V.    AMSTERDAM   EUR    555,430,000    100.0000          TELECOM ITALIA MOBILE S.p.A.
(holding company)    (HOLLAND)                         
TIM ITALIA S.p.A.    MILAN   EUR    120,000    100.0000          TELECOM ITALIA MOBILE S.p.A.
(mobile telephony operator)    (ITALY)                         

TIM NORDESTE TELECOMUNICAÇÕES S.A.

(ex TELPE CELULAR SA)

(mobile telephony operator)

    JABOATÃO DOS GUARARAPES
(BRAZIL)		   BRL    508,798,763    81.7515     94.0891    TIM PARTICIPAÇÕES S.A.

TIM PARTICIPACOES

(ex TELE CELULAR SUL PARTICIPAÇOES)

(holding company for operating companies providing mobile network services)

    CURITIBA
(BRAZIL)		   BRL    884,503,728    23.7305     53.2329    TIM BRASIL SERVIÇOS E PARTICIPAÇÕES S.A.
TIM PERÙ S.A.C.    LIMA   PEN    1,337,542,452    100.0000   (*)        TIM INTERNATIONAL N.V.
(mobile telephony operator)    (PERÙ)                         
TIM SUL S.A.    CURITIBA   BRL    971,469,987    81.7305     90.6528    TIM PARTICIPAÇÕES S.A.
(mobile telephony operator)    (BRAZIL)                         
             

SOUTH AMERICA

 

                              
AMERICASKY CORPORATION    MIAMI   USD    1,000    80.0000          ENTEL USA HOLDINGS INC.
(telecommunications services)    (USA)             20.0000          ENTEL INTERNATIONAL B.V.I. CORP.

Name   Head Office   Currency    Share Capital    %
ownership		     % of
voting rights		    Held by
AMERICATEL CENTROAMÉRICA S.A.   CIUDAD DE   USD    2,649,608    78.6500          ENTEL CHILE S.A.
(telecommunications services)   GUATEMALA
(GUATEMALA)		                         

AMERICATEL CORP. USA

(telecommunications services)

   MIAMI
(USA)		   USD    62,372,553    80.0000          ENTEL INTERNATIONAL B.V.I. CORP.
AMERICATEL EL SALVADOR S.A. DE C.V. (telecommunications services)   SAN SALVADOR
(EL SALVADOR)		   USD    1,143,572    85.0000
15.0000		  
 		       

AMERICATEL CENTROAMÉRICA S.A.

ENTEL CHILE S.A.

AMERICATEL GUATEMALA S.A.

(telecommunications services)

   CIUDAD DE GUATEMALA
(GUATEMALA)		   GTQ    450,000    100.0000          AMERICATEL CENTROAMÉRICA S.A.

AMERICATEL HONDURAS S.A.

(telecommunications services)

   TEGUCIGALPA
(HONDURAS)		   HNL    500,000    96.0000          AMERICATEL CENTROAMÉRICA S.A.

AMERICATEL PERU’ SA

(telecommunications services)

   LIMA
(PERÙ)		   PEN    129,256,053    53.4000
46.6000		  
 		       

ENTEL INVERSIONES S.A.

ENTEL CHILE S.A.

CHILE WIRELESS S.A.   SANTIAGO   CLP    120,221,724    99.0000          ENTEL TELEFONÍA LOCAL S.A.
(holding company)   (CHILE)             1.0000          ENTEL INVERSIONES S.A.
DATACOM S.A.   LA PAZ   BOB    66,938,200    100.0000          ENTEL BOLIVIA S.A.
(data transmission services)   (BOLIVIA)                         

EMPRESA DE RADIOCOMUNICACIONES INSTA BEEP LTDA

(telecommunications services)

   SANTIAGO
(CHILE)		   CLP    2,400,246,130    99.9000          ENTEL TELEFONÍA PERSONAL S.A.

EMPRESA NACIONAL DE TELECOMUNICACIONES S.A. - ENTEL CHILE

(telecommunications services)

   SANTIAGO
(CHILE)		   CLP    422,481,690,872    54.7642          TELECOM ITALIA INTERNATIONAL N.V.

ENTEL S.A. - EMPRESA NACIONAL DE TELECOMUNICACIONES S.A. - ENTEL BOLIVIA

(telecommunications services)

   LA PAZ
(BOLIVIA)		   BOB    1,280,898,800    50.0000          ETI N.V.

ENTEL CALL CENTER S.A.

(telecommunications services)

   SANTIAGO
(CHILE)		   CLP    11,209,089,143    90.0000
10.0000		  
 		       

ENTEL CHILE S.A.

ENTEL INVERSIONES S.A.

ENTEL INTERNATIONAL B.V.I. CORP.

(telecommunications services)

   BRITISH VIRGIN ISLAND   CLP    33,567,413,118    100.0000          ENTEL CHILE S.A.

ENTEL INVERSIONES S.A.

(holding company)

   SANTIAGO
(CHILE)		   CLP    3,337,021,555    100.0000   (*)        ENTEL CHILE S.A.

ENTEL PCS TELECOMUNICACIONES S.A.

(mobile services)

   SANTIAGO
(CHILE)		   CLP    101,836,530,371    99.9000
0.1000		  
 		       

ENTEL TELEFONÍA PERSONAL S.A.

ENTEL CHILE S.A.

ENTEL SERVICIOS TELEFÓNICOS S.A.

(telecommunications services)

   SANTIAGO
(CHILE)		   CLP    1,142,377,585    91.4198
8.5802		  
 		       

ENTEL CHILE S.A.

ENTEL INVERSIONES S.A.

ENTEL TELEFONÍA LOCAL S.A.

(local telecommunications services)

   SANTIAGO
(CHILE)		   CLP    23,928,757,326    99.0000
1.0000		  
 		       

ENTEL CHILE S.A.

ENTEL INVERSIONES S.A.

ENTEL TELEFONÍA MOVIL S.A.

(mobile services)

   SANTIAGO
(CHILE)		   CLP    1,950,379,510    99.9200
0.0800		  
 		       

ENTEL TELEFONÍA PERSONAL S.A.

ENTEL CHILE S.A.

ENTEL TELEFONÍA PERSONAL S.A.

(holding company)

   SANTIAGO
(CHILE)		   CLP    131,742,704,099    94.6400
5.3600		  
 		       

ENTEL CHILE S.A.

ENTEL INVERSIONES S.A.

ENTEL USA HOLDINGS INC.

(telecommunications services)

   MIAMI
(USA)		   USD    1,000    100.0000          ENTEL INTERNATIONAL B.V.I. CORP.

Name    Head
Office		   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by
ENTEL VENEZUELA C.A.    CARACAS   BOB    709,500,000    100.0000         ENTEL CHILE S.A.
(telecommunications services)    (VENEZUELA)                        
MICARRIER TELECOMUNICACIONES S.A.    SANTIAGO   CLP    3,347,714,780    99.9900         ENTEL CHILE S.A.
(telecommunications services)    (CHILE)             0.0100         ENTEL INVERSIONES S.A.
RED DE TRANSACCIONES ELECTRÓNICAS S.A.    SANTIAGO   CLP    1,687,204,941    93.7600         ENTEL CHILE S.A.
(telecommunications services)    (CHILE)                        
SATEL TELECOMUNICACIONES S.A.    SANTIAGO   CLP    2,877,673,405    99.9000         ENTEL CHILE S.A.
(telecommunications services)    (CHILE)             0.1000         ENTEL INVERSIONES S.A.
             

INTERNET AND MEDIA

 

                             
BEIGUA S.r.l.    ROME   EUR    51,480    51.0004         TI MEDIA BROADCASTING S.r.l.
(purchase, sale, management and maintenance of installation for the repair and distribution of radio and TV broadcasting)    (ITALY)                        
DATABANK S.p.A.    MILAN   EUR    937,300    100.0000         TELECOM ITALIA MEDIA S.p.A.
(market information)    (ITALY)                        
DBK S.A.    MADRID   EUR    99,000    99.9967         DATABANK S.p.A.
(market information)    (SPAIN)                        
FINANZIARIA WEB S.p.A.    ROME   EUR    9,606,074    60.0000         TELECOM ITALIA MEDIA S.p.A.
(financing)    (ITALY)             40.0000         ISM S.r.l.
GRUPPO BUFFETTI S.p.A.    ROME   EUR    11,817,000    100.0000         TELECOM ITALIA MEDIA S.p.A.
(manufacture of products regarding the paper industry. printing and publishing)    (ITALY)                        
HOLDING MEDIA E COMUNICAZIONE H.M.C. S.p.A.    ROME   EUR    5,064,000    100.0000         TELECOM ITALIA MEDIA S.p.A.
(production, marketing on TV and press)    (ITALY)                        
LA7 TELEVISIONI S.p.A.    ROME   EUR    6,200,000    100.0000         HOLDING MEDIA E COMUNICAZIONE H.M.C. S.p.A.
(purchase, management and maintenance of technical transmission systems for audio and video broadcasting)    (ITALY)                        
MATRIX S.p.A.    MILAN   EUR    1,100,000    66.0000         FINANZIARIA WEB S.p.A.
(Internet services)    (ITALY)             33.3000         ISM S.r.l.
                   0.7000         TELECOM ITALIA MEDIA S.p.A.
MTV ITALIA S.r.l.    ROME   EUR    12,151,928    51.0000         LA7 TELEVISIONI S.p.A.
(services in the field of radio and TV broadcasting, production and sale of radio, TV and cinema programs)    (ITALY)                        
MTV PUBBLICITA’ S.r.l.    MILAN   EUR    10,400    100.0000         MTV ITALIA S.r.l.
(advertising agency)    (ITALY)                        
SK DIRECT S.r.l.    ROME   EUR    1,570,507    100.0000         GRUPPO BUFFETTI S.p.A.
(graphic arts)    (ITALY)                        
TELECOM ITALIA MEDIA S.p.A.    ROME   EUR    111,107,894    59.4337    60.4303    TELECOM ITALIA S.p.A.
(management of all activities connected with the handling of information)    (ITALY)             2.0328    2.0669    TELECOM ITALIA FINANCE S.p.A.
TELECOM MEDIA NEWS S.p.A.    ROME   EUR    120,000    100.0000         TELECOM ITALIA MEDIA S.p.A.
(multimedia journalistic information)    (ITALY)                        

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by
TELEVOICE S.p.A. (ex-GIALLO VOICE)    CERNUSCO SUL   EUR    1,000,000    100.0000         TELECOM ITALIA MEDIA S.p.A.
(teleselling, telemarketing and call centers and marketing)    NAVIGLIO
(MILAN-ITALY)		                        

TI MEDIA BROADCASTING S.r.l.

(purchase, sale, management and maintenance of installation for the repair and distribution of radio and TV broadcasting)

    ROME
(ITALY)		   EUR    7,140,381    100.0000         LA7 TELEVISIONI S.p.A.

OLIVETTI TECNOST GROUP

 

                             

CELL-TEL S.p.A.

(telecommunications equipment. installations and systems)

    IVREA
(TURIN - ITALY)		   EUR    500,000    80.0000         OLIVETTI TECNOST S.p.A.

INNOVIS S.p.A.

(computer. online and telecommunications equipments and services)

    IVREA
(TURIN - ITALY)		   EUR    325,000    80.0000         OLIVETTI TECNOST S.p.A.

OLIVETTI CHILE S.A.

(sale and maintenance of office equipment, accessories and software)

    SANTIAGO
(CHILE)		   CLP    2,574,015,843    99.9994
0.0006		         OLIVETTI TECNOST INTERNATIONAL B.V.
OLIVETTI PERUANA S.A. (in liquidation)

OLIVETTI DE PUERTO RICO Inc.

(office equipment in the United States and Central America)

    SAN JUAN
(PUERTO RICO)		   USD    1,000    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI DO BRASIL S.A.

(manufacture and sale of typewriters, accessories, parts and assistance)

    SAO PAULO
(BRAZIL)		   BRL    111,660,625    96.6446
3.3554		         OLIVETTI TECNOST INTERNATIONAL B.V.
OLIVETTI MEXICANA S.A.

OLIVETTI I - JET S.p.A.

(manufacture and sale of products and accessories for office equipment)

    ARNAD
(AOSTA - ITALY)		   EUR    15,000,000    100.0000         OLIVETTI TECNOST S.p.A.

OLIVETTI MEXICANA S.A.

(manufacture and sale, import-export of typewriters, adding machines, accessories and parts, technical assistance services)

    MEXICO CITY
(MEXICO)		   MXN    195,190,636    99.9999
0.0001		         OLIVETTI TECNOST INTERNATIONAL B.V.
OLIVETTI TECNOST S.p.A.

OLIVETTI SISTEMA E SERVICOS LIMITADA

(sale of typewriters, information systems products and electronic goods and services)

    SAO PAULO
(BRAZIL)		   BRL    410,000    100.0000         OLIVETTI DO BRASIL S.A.

OLIVETTI TECNOST AFRICA (PTY) Ltd.

(sale of office equipment)

    SANDTON
(SOUTH AFRICA)		   ZAR    601    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI TECNOST AUSTRIA Ges.m.b.H

(sale of office equipment and accessories)

    VIENNA
(AUSTRIA)		   EUR    36,336    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI TECNOST de MEXICO S.A. de C.V.

(manufacture and sale of office equipment)

    TETLA
(MEXICO)		   MXN    234,895,310    99.9999
0.0001		         OLIVETTI MEXICANA S.A.
OLIVETTI TECNOST S.p.A.

OLIVETTI TECNOST DEUTSCHLAND GmbH

(sale of office equipment and holding company)

    NURNBERG
(GERMANY)		   EUR    25,600,000    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI TECNOST ESPANA S.A.

(sale and maintenance of office equipment, consulting and telematic network management)

    BARCELONA
(SPAIN)		   EUR    1,229,309    99.9912         OLIVETTI TECNOST INTERNATIONAL B.V.

 

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

OLIVETTI TECNOST FRANCE S.A.

    PUTEAUX   EUR    2,200,000    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.
(sale of office equipment and software)    (FRANCE)                        
OLIVETTI TECNOST INTERNATIONAL B.V.    AMSTERDAM   EUR    355,027,092    100.0000         OLIVETTI TECNOST S.p.A.
(holding company)    (HOLLAND)                        
OLIVETTI TECNOST NEDERLAND B.V.    LEIDERDORP   EUR    6,468,280    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.
(sale of office equipment and accessories)    (HOLLAND)                        
OLIVETTI TECNOST PORTUGAL, S.A    LISBON   EUR    275,000    99.9927         OLIVETTI TECNOST INTERNATIONAL B.V.
(sale of office equipment and accessories)    (PORTUGAL)                        
OLIVETTI TECNOST S.p.A.    IVREA   EUR    78,000,000    100.0000         TELECOM ITALIA S.p.A.
(manufacture and sale of products and accessories for office equipment)    (TURIN - ITALY)                        
OLIVETTI TECNOST UK Ltd.    MILTON KEYNES   GBP    6,295,712    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.
(sale of office equipment)    (UK)                        
TIEMME SISTEMI S.r.l.    CARSOLI   EUR    1,040,000    100.0000         OLIVETTI TECNOST S.p.A.
(electric, electromechanical, electronic equipment and related systems)    (L’AQUILA - ITALY)                        
TIESSE S.c.p.A.    ROME   EUR    103,292    42.0000         OLIVETTI TECNOST S.p.A.
(installation and assistance for electromechanical, electronic, computer, telematic and telecommunications equipment)    (ITALY)             19.0000         TIEMME SISTEMI S.r.l.
TOP SERVICE S.p.A.    MODUGNO   EUR    1,022,500    50.3667         OLIVETTI TECNOST S.p.A.
(electronic diagnostics and repairs of computer products)    (BARI - ITALY)                        
WIRELAB S.p.A.    SCARMAGNO   EUR    300,000    70.0000         OLIVETTI TECNOST S.p.A.
(repairs, management and assistance of fixed telecommunications and other equipment)    (TURIN - ITALY)                        
YMINDS S.A.    YVERDON LES BAINS   CHF    100,000    100.0000         OLIVETTI I-JET S.p.A.
(product research and development based on ink-jet technology)    (SWITZERLAND)                        
                              
INFORMATION TECHNOLOGY MARKET                   
                    

AGRISIAN - Consulenza e Servizi per l’Agricoltura S.C.p.A.

(consulting and services in favor of agriculture)

    ROME
(ITALY)		   EUR    10,330,000    50.8600         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.
ASPASIEL S.r.l.    ROME   EUR    260,000    50.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.
(information systems)    (ITALY)                        
BANKSIEL S.p.A.    MILAN   EUR    10,400,000    55.5000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.
(design, installation, operation and maintenance of information systems for bank, financial and insurance companies)    (ITALY)                        
CARISIEL Sistemi Informativi Elettronici per il Settore Creditizio e Finanziario    RENDE   EUR    769,585    98.0000         BANKSIEL S.p.A.
(management of information systems and prod, development and maintenance)    (COSENZA - ITALY)             2.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

 

Name    Head Office   Currency    Share Capital   %
ownership		   % of
voting rights		    Held by

CENTROSIEL S.p.A.

    MILAN   EUR    516,600   47.0000   51.0000    BANKSIEL S.p.A.
(information systems)    (ITALY)                      

EUSTEMA S.p.A.

(design, research, development and marketing of software, information and online systems)

    ROME
(ITALY)		   EUR    312,000   67.3333        TELECOM ITALIA S.p.A.

FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

(conception and implementation of projects in information technology applications)

    ROME (ITALY)   EUR    59,982,385   79.4995
0.6286		        TELECOM ITALIA S.p.A.
FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

FINSIEL ROMANIA S.r.l.

(consulting and software development)

    BUCHAREST
(RUMANIA)		   ROL    11,841,500,000   97.9732        FINSIEL - CONSULENZA E APPLICAZIONI
INFORMATICHE S.p.A.

I.A.K. S.r.l.

(advanced information systems for credit)

    MILAN (ITALY)   EUR    1,040,000   100.0000        BANKSIEL S.p.A.

INSIEL - INF.PER SIS.ENTI LOCALI S.p.A.

(information systems)

    TRIESTE
(ITALY)		   EUR    7,755,000   52.0000        FINSIEL - CONSULENZA E APPLICAZIONI
INFORMATICHE S.p.A.

INTERSIEL S.p.A.

(design, installation, operation and maintenance of information systems)

    RENDE
(COSENZA ITALY)		   EUR    456,900   100.0000        FINSIEL - CONSULENZA E APPLICAZIONI
INFORMATICHE S.p.A.
KRENESIEL - SOCIETA’ SARDA DI INFORMATICA S.p.A. (information systems)    SASSARI (ITALY)   EUR    2,582,300   41.0000
10.0000		        FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.
INSIEL - INF.PER SIS.ENTI LOCALI S.p.A.
TELE SISTEMI FERROVIARI S.p.A. - TSF (information systems)    ROME (ITALY)   EUR    77,003,670   60.9997        FINSIEL - CONSULENZA E APPLICAZIONI
INFORMATICHE S.p.A.
VENEZIA INFORMATICA E SISTEMI - VENIS S.p.A. (information systems for the City of Venice and other public subjects)    VENICE (ITALY)   EUR    1,549,500   30.6000
20.4000		        INSIEL - INF.PER SIS.ENTI LOCALI S.p.A.
FINSIEL - CONSULENZA E APPLICAZIONI
INFORMATICHE S.p.A.

WEBRED S.p.A.

(information systems)

    PERUGIA
(ITALY)		   EUR    1,560,000   51.0000        FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.
INFORMATION TECHNOLOGY DI GROUP                           
                            

I.T. TELECOM S.r.l.

(other software development and software consulting)

    MILAN
(ITALY)		   EUR    25,000,000   100.0000        TELECOM ITALIA S.p.A.
OTHER ACTIVITIES                           
                            

DOMUS ACADEMY S.p.A.

(specialized design courses)

    MILAN (ITALY)   EUR    140,000   67.3336        TELECOM ITALIA S.p.A.

EDOTEL S.p.A.

(holding company)

    TURIN (ITALY)   EUR    4,847,193   100.0000        TELECOM ITALIA FINANCE S.A.

EMSA Servizi S.p.A.

(real estate services management)

    ROME (ITALY)   EUR    5,000,000   100.0000        TELECOM ITALIA S.p.A.

ETI - EURO TELECOM INTERNATIONAL N.V.

(holding company)

    AMSTERDAM
(HOLLAND)		   EUR    50,050   100.0000        ICH - INTERNATIONAL COMMUNICATION HOLDING N.V.

 

Name   Head Office   Currency   Share
Capital		   %
ownership		     % of
voting rights		   Held by
ICH - INTERNATIONAL COMMUNICATION   AMSTERDAM   EUR   50,000   100.0000         TELECOM ITALIA INTERNATIONAL N.V.

HOLDING N.V.

(holding company)

   (HOLLAND)                      

ISM S.r.l.

(holding company)

   TURIN
(ITALY)		   EUR   56,010,000   100.0000         TELECOM ITALIA FINANCE S.A.

O&B COSTRUZIONI GENERALI S.r.l.

(real estate purchases, exchanges and sales)

   IVREA
(TURIN -
ITALY)		   EUR   100,000   50.1000         OLIVETTI MULTISERVICES S.p.A.

OFI CONSULTING S.r.l.

(administrative consulting)

   IVREA
(TURIN -
ITALY)		   EUR   95,000   100.0000         TELECOM ITALIA S.p.A.

OLIVETTI GESTIONI IVREA S.p.A.

(real estate services)

   IVREA
(TURIN -
ITALY)		   EUR   1,300,000   100.0000         TELECOM ITALIA S.p.A.

OLIVETTI HOLDING B.V.

(holding company)

   AMSTERDAM
(HOLLAND)		   EUR   15,882,770   100.0000         TELECOM ITALIA FINANCE S.A.

OLIVETTI MULTISERVICES S.p.A.

(real estate management)

   IVREA
(TURIN -
ITALY)		   EUR   20.337.161   100.0000         TELECOM ITALIA S.p.A.

OLIVETTI SYSTEMS TECHNOLOGY CORPORATION

(real estate management)

   YOKOHAMA
(JAPAN)		   JPY   100,000,000   100.0000         TELECOM ITALIA FINANCE S.A.

OMS HOLDING B.V.

(financing)

   AMSTERDAM
(HOLLAND)		   EUR   20,000   100.0000         OLIVETTI MULTISERVICES S.p.A.

RUF GESTION S.A.S.

(real estate services)

   PUTEAUX
(FRANCE)		   EUR   266,300   100.0000         OMS HOLDING B.V.

SAIAT SOCIETA’ ATTIVITA’ INTERMEDIE

AUSILIARIE TLC P.A.

(financing)

   TURIN
(ITALY)		   EUR   35,745,120   100.0000         TELECOM ITALIA S.p.A.

TECNOSERVIZI MOBILI S.r.l.

(management of movable assets)

   ROME
(ITALY)		   EUR   26,000   51.0000         TELECOM ITALIA S.p.A.

TELECOM ITALIA AMERICA LATINA S.A.

(telecommunications and promotional services)

   SAO PAULO
(BRAZIL)		   BRL   43,614,072   99.9996         TELECOM ITALIA S.p.A.

TELECOM ITALIA AUDIT - SCARL

(internal auditing for the Telecom

   MILAN
(ITALY)		   EUR   2,750,000   63.6364
18.1818		  
 		       TELECOM ITALIA S.p.A.
TELECOM ITALIA MOBILE S.p.A.
Italia Group)               18.1818         TELECOM ITALIA MEDIA S.p.A.

TELECOM ITALIA CAPITAL S.A.

(financing)

   LUXEMBOURG   EUR   2,336,000   99.9990
0.0010		  
 		       TELECOM ITALIA S.p.A.
TELECOM ITALIA FINANCE S.A.

TELECOM ITALIA FINANCE S.A.

(financing)

   LUXEMBOURG   EUR   542,090,241   100.0000 (*)       TELECOM ITALIA S.p.A.

TELECOM ITALIA INTERNATIONAL N.V.

(holding company)

   AMSTERDAM
(HOLLAND)		   EUR   2,399,483,000   100.0000         TELECOM ITALIA S.p.A.

TELECOM ITALIA LAB S.A.

(holding company)

   LUXEMBOURG   USD   163,870   99.9939
0.0061		  
 		       TELECOM ITALIA S.p.A.
TELECOM ITALIA FINANCE S.A.

TELECOM ITALIA LEARNING SERVICES

DO BRASIL LIMITADA

(information consulting and services)

   SAO PAULO
(BRAZIL)		   BRL   174,040   99.9989         TELECOM ITALIA LEARNING SERVICES S.p.A.

 

Name    Head Office    Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

TELECOM ITALIA LEARNING SERVICES S.p.A.

(professional training)

   

MILAN

(ITALY)

    EUR    1,560,000    100.0000         TELECOM ITALIA S.p.A.

TELENERGIA S.r.l.

(import, export, purchase, sale and exchange of electrical energy)

   

ROME

(ITALY)

    EUR    50,000    80.0000
20.0000		        

TELECOM ITALIA S.p.A.

TELECOM ITALIA MOBILE S.p.A.

TELSI

(financing company)

   

LONDON

(UK)

    GBP    496,661,807    100.0000         TELECOM ITALIA FINANCE S.A.

TELSY ELETTRONICA E TELECOMUNICAZIONI S.p.A.

(manufacturing and sale of systems for encrypted telecommunications)

   

TURIN

(ITALY)

    EUR    390,000    100.0000         TELECOM ITALIA S.p.A.

TIAUDIT LATAM S.A.

(internal auditing)

   

SAO PAULO

(BRAZIL)

    BRL    1,500,000    100.0000         TELECOM ITALIA AUDIT - SCARL

 

(*) The percentage of ownership includes ordinary shares/quotas held by members of the Board of Directors/Managers as required by local laws in order to hold the post of Director/Manager or held by trustees.

 

 

Telecom Italia Group

 

List of companies accounted for by the equity method

 

Name    Head Office    Currency    Share Capital    %
ownership		     % of
voting rights		    Held by

Subsidiaries

 

                               

THINX-SM TELEHOUSE INTERNET EXCHANGE S.A.

(housing and hosting)

   

REPUBLIC OF

SAN MARINO

    EUR    258,000    100.0000          INTELCOM SAN MARINO S.p.A.

TMI TELEMEDIA INTERNATIONAL DO BRASIL Ltda

(telecommunications services)

   

SAO PAULO

(BRAZIL)

    BRL    2,589,317    100.0000 (*)        TMI - TELEMEDIA INTERNATIONAL Ltd
             

Affiliated Companies

 

                               

012 GOLDEN LINES INTERNATIONAL COMMUNICATION

SERVICES Ltd

(long distance telephony services)

   

RAMAT GAN

(ISRAEL)

    ILS    3,000,000    26.4000          TELECOM ITALIA INTERNATIONAL N.V.

AREE URBANE S.r.l.

(real estate)

   

MILAN

(ITALY)

    EUR    307,717    31.6499
0.9700		  
 		       

TELECOM ITALIA S.p.A.

TELECOM ITALIA MEDIA S.p.A.

ASCAI SERVIZI S.r.l.

(insurance mediation)

   

ROME

(ITALY)

    EUR    73,337    35.2113         

SAIAT SOCIETA’ ATTIVITA’INTERMEDIE AUSILIARIE

TLC P.A.

ASSCOM INSURANCE BROKERS S.r.l.

(insurance mediation)

   

MILAN

(ITALY)

    EUR    100,000    20.0000          TELECOM ITALIA S.p.A.

AVEA ILETISIM HIZMETLERI A.S. (EX TT&TIM AS)

(mobile telephony operator)

   

ISTANBUL

(TURKEY)

    TRL    6,628,185,030,970,000    40.0000          TIM INTERNATIONAL N.V.

BALTEA S.r.l.

(manufacture and sale of office equipment and

computer and telecommunications services)

   

IVREA

(TURIN -

ITALY)

    EUR    2,220,000    49.0000          OLIVETTI TECNOST S.p.A.

BROAD BAND SERVICE S.A.

(production and sales of multimedia services)

   

REPUBLIC OF

SAN MARINO

    EUR    258,000    20.0000          INTELCOM SAN MARINO S.p.A.

BUENAVENTURA S.A.

(telecommunications services)

   

SANTIAGO

(CHILE)

    CLP    1,841,258,210    50.0000          ENTEL TELEFONÍA PERSONAL S.A.

E-UTILE S.p.A.

(ICT solutions and services for companies in the

field of public utilities)

   

MILAN

(ITALY)

    EUR    482,000    51.0000          SIEMENS INFORMATICA S.p.A.

EISYS S.p.A.

(software development)

   

ROME

(ITALY)

    EUR    619,200    25.0000         

FINSIEL - CONSULENZA E APPLICAZIONI

INFORMATICHE S.p.A.

Empresa de Telecomunicaciones de Cuba S.A.

ETEC-SA

(telecommunications services)

   

HAVANA

(CUBA)

    USD    1,717,302,900    27.0025          TELECOM ITALIA INTERNATIONAL N.V.

EUROFLY SERVICE S.p.A.

(purchase, sale and chartering of airplanes)

   

CASELLE

TORINESE

(TURIN -

ITALY)

    EUR    8,275,000    24.5500          TELECOM ITALIA S.p.A.

 

Name    Head Office    Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by
IM.SER S.p.A.    TURIN    EUR    889,950    40.0000         TELECOM ITALIA S.p.A.
(real estate management)    (ITALY)                         

ITALCOM S.p.A.

(multimedia systems and devices)

   

MILAN

(ITALY)

    EUR    103,200    100.0000         ITALTEL S.p.A.

ITALDATA S.p.A.

(solutions and services for the web economy)

   

AVELLINO

(ITALY)

    EUR    3,096,000    100.0000         SIEMENS INFORMATICA S.p.A.

ITALTEL A.O.

(telecommunications systems)

   

S.PETERSBURG

(RUSSIA)

    RUB    20,000    100.0000         ITALTEL BV

ITALTEL ARGENTINA S.A.

(telecommunications systems)

   

BUENOS AIRES

(ARGENTINA)

    ARS    600,000    96.0000
4.0000		        

ITALTEL BV

ITALTEL S.p.A.

ITALTEL BV

(trading and financial company)

   

AMSTERDAM

(HOLLAND)

    EUR    12,731,200    100.0000         ITALTEL S.p.A.

ITALTEL BRASIL LTDA

(trading company)

   

SAO PAULO

(BRAZIL)

    BRL    2,018,302    51.4400
48.5600		        

ITALTEL S.p.A.

ITALTEL BV

ITALTEL CERM PALERMO S.c.p.A

(scientific and technological research)

   

PALERMO

(ITALY)

    EUR    2,125,000    90.0000
10.0000		        

ITALTEL S.p.A.

TELECOM ITALIA S.p.A.

ITALTEL DEUTSCHLAND Gmbh

(trading company)

   

DUSSELDORF

(GERMANY)

    EUR    40,000    60.0000
40.0000		        

ITALTEL HOLDING S.p.A.

ITALTEL BV

ITALTEL ESPANA S.A.

(telecommunications systems)

   

MADRID

(SPAIN)

    EUR    13,191,950    100.0000         ITALTEL BV

ITALTEL FRANCE S.a.s

(trading company)

   

PARIS

(FRANCE)

    EUR    40,000    100.0000         ITALTEL HOLDING S.p.A.

ITALTEL INC. LTD

(trading company)

   

DELAWARE

(USA)

    USD    100    60.0000
40.0000		        

ITALTEL HOLDING S.p.A.

ITALTEL BV

ITALTEL KENYA LTD

(telecommunications systems)

   

NAIROBI

(KENYA)

    KES    500,000    99.9800
0.0200		        

ITALTEL BV

ITALTEL S.p.A.

ITALTEL S.p.A.

(telecommunications systems)

   

SETTIMO MILANESE

(MILAN - ITALY))

    EUR    196,830,400    100.0000         ITALTEL HOLDING S.p.A.

ITALTEL TELECOM HELLAS EPE

(telecommunications systems)

   

ATHENS

(GREECE)

    EUR    18,000    80.0000
20.0000		        

ITALTEL HOLDING S.p.A.

ITALTEL S.p.A.

ITALTEL HOLDING S.p.A.

(holding company)

   

MILAN

(ITALY)

    EUR    115,459,344    19.3733         TELECOM ITALIA FINANCE S.A.

LATINA GIOCHI E SISTEMI S.r.l.

(lotteries and telephone and telematic games)

   

MILAN

(ITALY)

    EUR    520,000    25.0000         OLIVETTI TECNOST S.p.A.

MICRO SISTEMAS S.A.

(telecommunications services)

   

BUENOS AIRES

(ARGENTINA)

    ARS    210,000    99.9900
0.0100		        

TELECOM ARGENTINA S.A.

PUBLICOM S.A.

MOVENDA S.p.A.

(technological platforms for the development of mobile

Internet services)

   

ROME

(ITALY)

    EUR    133,333    25.0000         TELECOM ITALIA LAB SA

NORDCOM S.p.A.

(application service provider)

   

MILAN

(ITALY)

    EUR    5,000,000    42.0000         TELECOM ITALIA S.p.A.

NORTEL INVERSORA S.A.

(holding company)

   

BUENOS AIRES

(ARGENTINA)

    ARS    78,633,050    100.0000         SOFORA TELECOMUNICACIONES SA

 

Name    Head Office    Currency    Share Capital    %
Ownership		    % of
Voting Rights		    Held by

NUCLEO S.A.

(telecommunications services)

   

ASUNCIÓN

(PARAGUAY)

    PYG    175,200,000,000    67.5000         TELECOM PERSONAL S.A.

OLI GULF FZCO

(marketing of office and computer equipment)

   

JEBEL ALI

(DUBAI – UAE)

    AED    500,000    40.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLITECNO S.A. DE C.V. (in liquidation)

(manufacture and sale of products for the telecommunications industry)

    MEXICO D.F. (MEXICO)    MXN    1,000,000    50.0000         OLIVETTI MEXICANA S.A.

ONE-ANS S.p.A.

(supply of information technology services)

   

MONZA

(MILAN – ITALY)

    EUR    1,013,874    100.0000         ITALTEL S.p.A.

PEGASO S.r.l.

(purchase, sale, exchange, rent, administration, maintenance of movable goods registered for any use and destination)

   

CASELLE TORINESE

(TURIN – ITALY)

    EUR    20,000    24.5500         TELECOM ITALIA S.p.A.

PUBLICOM S.A.

(telecommunications services)

   

BUENOS AIRES

(ARGENTINA)

    ARS    16,000,000    99.9900
0.0100		        

TELECOM ARGENTINA S.A.

NORTEL INVERSORA S.A.

SHARED SERVICE CENTER SCARL

(planning, design, installation running of computer services

   

MILAN

(ITALY)

    EUR    1,756,612    40.9091
4.5455
4.5455		        

TELECOM ITALIA S.p.A.

TELECOM ITALIA MOBILE S.p.A.

OLIVETTI TECNOST S.p.A.

SIEMENS INFORMATICA S.p.A.

(supply of innovating solutions in the field of electronic and mobile business)

   

MILAN

(ITALY)

    EUR    6,192,000    49.0000         TELECOM ITALIA S.p.A.

SISPI S.p.A.

(information systems for the municipality of Palermo and other private and public entities)

   

PALERMO

(ITALY)

    EUR    2,066,000    49.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

SOFORA TELECOMUNICACIONES S.A.

(holding company)

    BUENOS AIRES (ARGENTINA)    ARS    439,702,000    32.5000
17.5000		        

TELECOM ITALIA S.p.A.

TELECOM ITALIA INTERNATIONAL N.V.

TELBIOS S.p.A.

(technological services supporting the health sector)

   

MILAN

(ITALY)

    EUR    4,083,330    31.0345         TELECOM ITALIA S.p.A.

TELECOM ARGENTINA S.A.

(telecommunications services)

    BUENOS AIRES (ARGENTINA)    ARS    984,380,978    54.7364         NORTEL INVERSORA S.A.

TELECOM ARGENTINA USA INC.

(telecommunications services)

   

DELAWARE

(USA)

    USD    249,873    100.0000         TELECOM ARGENTINA S.A.

TELECOM PERSONAL S.A.

(telecommunications services)

    BUENOS AIRES (ARGENTINA)    ARS    310,514,481    99.9923
0.0077		        

TELECOM ARGENTINA S.A.

PUBLICOM S.A.

TELEGONO S.r.l.

(real estate management)

   

ROME

(ITALY)

    EUR    1,000,000    40.0000         TELECOM ITALIA S.p.A.

TELELEASING - LEASING DI TELECOMUNICAZIONI E GENERALE S.p.A.

(financial leasing of real estate and other assets)

   

MILAN

(ITALY)

    EUR    9,500,000    20.0000         SAIAT SOCIETA’ ATTIVITA’INTERMEDIE AUSILIARIE TLC P.A.

Name    Head
Office		    Currency    Share
Capital		    %
Ownership		    % of
Voting Rights		    Held by

TIGLIO I S.r.l.

    MILAN    EUR    5,255,704    45.6991         TELECOM ITALIA S.p.A.

(real estate management)

    (ITALY)              2.1027         TELECOM ITALIA MEDIA S.p.A.

TIGLIO II S.r.l.

(real estate management)

   

MILAN

(ITALY)

    EUR    14,185,288    49.4707         TELECOM ITALIA S.p.A.

W.P.WINNER PROJECT B.V.

(web solutions)

    ROTTERDAM (HOLLAND)    EUR    18,151    100.0000         VALUE TEAM S.p.A.

VALUE TEAM S.p.A. (EX WEBEGG)

(web solutions)

   

MILAN

(ITALY)

    EUR    33,107,160    30.2000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

WEMACOM TELEKOMMUNIKATION GmbH

(telecommunications services)

    SCHWERIN (GERMANY)    EUR    60,000    25.0000         HANSENET TELEKOMMUNIKATION GmbH

(*) The percentage of ownership includes ordinary shares/quotas held by members of the Board of Directors/Managers as required by local laws in order to hold the post of Director/Manager or held by trustees.

 

 

Telecom Italia Group

 

List of other subsidiaries and affiliated companies

 

Name    Head Office    Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

Subsidiaries

 

                              

DEDITA S.p.A. (in liquidation)

(systems products and services, electronic and electromechanical devices)

   

IVREA

(TURIN - ITALY)

    EUR    250,000    100.0000         OLIVETTI TECNOST S.p.A.

DIASPRON DO BRASIL S.A. (in liquidation)

(manufacture and export of typewriters and printers)

   

SAO PAULO

(BRAZIL)

    BRL    5,135,417    99.9999
0.0001		        

OLIVETTI DO BRASIL S.A.

OLIVETTI SISTEMA E SERVICOS LIMITADA

EMAX TRADE S.r.l. (in liquidation)

(Internet site management)

   

MILAN

(ITALY)

    EUR    100,000    100.0000         MATRIX SPA

GIALLO MARKET S.r.l. (in liquidation)

(owner of Virgilio.it)

   

MILAN

(ITALY)

    EUR    10,000    90.0000
10.0000		        

MATRIX SPA

TELECOM ITALIA MEDIA S.p.A.

GIALLO VIAGGI. It S.r.l. (in liquidation)

(research, design, development, production of information and telematic products for tourism)

   

MILAN

(ITALY)

    EUR    10,000    100.0000         TELECOM ITALIA MEDIA S.p.A.

HOLDING MEDIA & COMUNICAZIONE PUBBLICITA’ S.r.l

(in liquidation)

(purchase/sale of ad space and management of advertising on radio/TV stations/channels)

   

ROME

(ITALY)

    EUR    516,500    100.0000         HOLDING MEDIA E COMUNICAZIONE H.M.C. S.p.A.

IL CENTRO CONTABILE S.p.A. (in liquidation)

(retail sale of stationery, books and office supplies)

   

ROME

(ITALY)

    EUR    2,233,507    89.7018         GRUPPO BUFFETTI S.p.A.

IRIDIUM ITALIA S.p.A. (in liquidation)

(satellite telecommunications services)

   

ROME

(ITALY)

    EUR    2,575,000    65.0000         TELECOM ITALIA S.p.A.

KMATRIX S.r.l. (in liquidation)

(Internet site creation and management)

   

MILAN

(ITALY)

    EUR    100,000    100.0000         MATRIX SPA

MULTIDATA S/A ELETRONICA INDUSTRIA E COMERCIO (in liquidation)

(manufacture and export of typewriters and printers)

   

MANAUS

(BRAZIL)

    BRL    5,583,350    99.9999
0.0001		        

OLIVETTI DO BRASIL S.A.

OLIVETTI SISTEMA E SERVICOS LIMITADA

NETESI S.p.A. (in liquidation)

(telecommunications and multimedia services)

   

MILAN

(ITALY)

    EUR    434,715    100.0000         TELECOM ITALIA S.p.A.

OFFICE AUTOMATION PRODUCTS S.r.l. (in liquidation)

(wholesale of magnetic supports)

   

ROME

(ITALY)

    EUR    90,000    100.0000         GRUPPO BUFFETTI S.p.A.

OLIVETTI ARGENTINA S.A.C.e.I.

(in liquidation)

(sale and maintenance of office equipment)

    BUENOS AIRES (ARGENTINA)    ARS    7,590,000    99.9999
0.0001		        

OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI PERUANA S.A. (in liquidation)

OLIVETTI COLOMBIANA S.A.( in liquidation)

(sale of office and industrial equipment)

   

BOGOTA’

(COLOMBIA)

    COP    2,500,000,000    90.5288
9.4700
0.0001
0.0001		        

OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI TECNOST S.p.A.

OLIVETTI CHILE S.A.

OLIVETTI PERUANA S.A. (in liquidation)

OLIVETTI INTERNATIONAL (SERVICE) S.A.

(in liquidation)

(administrative services)

    LUGANO (SWITZERLAND)    CHF    50,000    100.0000         TELECOM ITALIA FINANCE S.A.

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

OLIVETTI LEXIKON NORDIC AB (in liquidation)

(sale of accessories and office equipment)

    STOCKHOLM
(SWEDEN)		   SEK    10,100,000    100.0000         OLIVETTI TECNOST INTERNATIONAL B.V.

OLIVETTI PERUANA S.A. (in liquidation)

(sale and assistance for office equipment and machines)

    LIMA
(PERÙ)		   PEN    4,654,920    99.9998
0.0002		         OLIVETTI TECNOST INTERNATIONAL B.V. OLIVETTI TECNOST S.p.A.

OLIVETTI SERVICIOS Y SOLUCIONES

INTEGRALES S.A. de C.V. (in liquidation)

(hardware maintenance and other services and integration of engineering projects)

    MEXICO D.F.
(MEXICO)		   MXN    7,025,226    99.9999
0.0001		         OLIVETTI TECNOST INTERNATIONAL B.V. OLIVETTI TECNOST S.p.A.

OLIVETTI TECNOST (H.K.) LTD (in liquidation)

(sale of equipment and systems in the Pacific area

and other areas)

    HONG KONG   HKD    200,000    99.5000
0.5000		         OLIVETTI TECNOST INTERNATIONAL B.V. OLIVETTI TECNOST S.p.A.

SATURN VENTURE PARTNERS LLC

(holding company)

    DELAWARE
(USA)		   USD    27,166,000    56.9643
17.8482		        

TELECOM ITALIA LAB SA

TELECOM ITALIA MOBILE S.p.A.

SCS COMUNICAZIONE INTEGRATA S.p.A. (in liquidation)

(marketing and communication consulting)

    ROME
(ITALY)		   EUR    600,000    100.0000         TELECOM ITALIA MEDIA S.p.A.

TECO SOFT ARGENTINA S.A. (in liquidation)

(design, development and sale of software)

    BUENOS AIRES
(ARGENTINA)		   ARS    12,000    99.9917         TELECOM ITALIA S.p.A.

TELECOM MEDIA INTERNATIONAL ITALY- CANADA INC (in liquidation)

(telecommunications services)

    MONTREAL
(CANADA)		   CAD    952,100    100.0000         TMI - TELEMEDIA INTERNATIONAL Ltd

TIN WEB S.r.l. (in liquidation)

(Internet site development consulting)

    MILAN
(ITALY)		   EUR    10,000    100.0000         TELECOM ITALIA MEDIA S.p.A.

TRAINET S.p.A. (in liquidation)

(development, operation and sales of teleteaching systems)

    ROME
(ITALY)		   EUR    674,446    100.0000         TELECOM ITALIA S.p.A.

ZD TECH ITALIA S.p.A. (in liquidation)

(Internet site development and management)

    MILAN
(ITALY)		   EUR    100,000    51.0000         MATRIX S.p.A.
             

Affiliated Companies

 

                             

ARCHEO S.p.A. (in liquidation)

(services)

    BARI
(ITALY)		   EUR    464,400    25.0000         OFI CONSULTING S.r.l.

CABLE INSIGNIA S.A. (in liquidation)

(telecommunications services)

    ASUNCIÓN
(PARAGUAY)		   PYG    1,000,000,000    75.0000         TELECOM PERSONAL S.A.

CARTESIA—CARTOGRAFIA DIGITALE S.p.A. (in liquidation)

(design, development, marketing of numeric cartography)

    ROME
(ITALY)		   EUR    100,000    50.0000         TELECOM ITALIA S.p.A.

CLIPPER S.p.A. (in liquidation)

(marketing and communication consulting)

    ROME
(ITALY)		   EUR    100,000    50.0000         SCS COMUNICAZIONE INTEGRATA S.p.A. (in liquidation)

CROMA S.r.l. (in liquidation)

(hardware maintenance)

    P.SAN GIOVANNI
(PERUGI -ITALY)		   EUR    41,317    50.0012         WEBRED S.p.A.

 

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by
IN.VA. CONSULTING S.r.l.    AOSTA   EUR    75,400    55.0000         IN.VA. S.p.A.
(information systems development)    (ITALY)                        
IN.VA. S.p.A.    AOSTA   EUR    520,000    40.0000         TELECOM ITALIA S.p.A.
(information systems)    (ITALY)                        
IN.VA. SISTEMI INFORMATIVI TERRITORIALI S.r.l.    AOSTA   EUR    75,000    55.0000         IN.VA. S.p.A.
(supply of software)    (ITALY)                        
INTERNATIONAL INFORMATION SERVICES    MOSCOW   RUB    1,000,000    50.0000         OLIVETTI HOLDING B.V.
(marketing of information systems and software products)    (RUSSIA)                        
ISCE Investors in Sapient & Cuneo Europe S.A.    LUXEMBOURG   EUR    4,334,400    25.0000         TELECOM ITALIA MEDIA S.p.A.
(investment company)                             
LI.SIT.-LOMBARDIA INTEGRATA SERVIZI INFOTELEMATICI PER IL TERRITORIO S.p.A. (information and TLC services and products for the local public administration)    MILAN (ITALY)   EUR    6,500,000    24.2000
11.0000		        

TELECOM ITALIA S.p.A.

FINSIEL-CONSULENZA E APPLICAZIONI INFORMATICHE SPA

MESNIL HOLDING S.A.

(internet)

    LUXEMBOURG   EUR    78,000    99.9987         ISCE Investors in Sapient & Cuneo Europe S.A.
MIAECONOMIA S.r.l.    ROME   EUR    1,000,000    30.0000         MATRIX SPA
(publishing in the field of personal finance)    (ITALY)                        
OCN-TRADING S.r.l. (in liquidation)    IVREA   EUR    40,800    40.0000         TELECOM ITALIA S.p.A.
(trading company)    (TURIN-ITALY)                        

PARCO DORA BALTEA S.p.A.

(various services connected with the real estate sector)

    IVREA
(TURIN-ITALY)		   EUR    300,000    33.3333         OLIVETTI MULTISERVICES S.p.A.

UBA-NET S.A. (in liquidation)

(teleteaching systems)

    BUENOS AIRES
(ARGENTINA)		   ARS    12,000    50.0000         TRAINET S.p.A. (in liquidation)
             

Consortium Subsidiaries

 

                             

CONS. FORM. PROF. MEZZOGIORNO D’ITALIA E PAESI AREA MEDITERRANEA-NAUTILUS

(professional training)

    ROME (ITALY)   EUR    30,000    31.0000
20.0000		        

TELECOM ITALIA LEARNING SERVICES S.p.A.

MEDITERRANEAN NAUTILUS Ltd

CONSORZIO ENERGIA GRUPPO TELECOM ITALIA    ROME   EUR    10,000    50.0000         TELECOM ITALIA S.p.A.
(coordination of power for fixed and mobile networks of consortia)    (ITALY)             50.0000         TELECOM ITALIA MOBILE S.p.A.
CONSORZIO IRIS BENI CULTURALI (filing/recovery of documents and system assistance for the Ministry of Cultural and Environmental Works of Art)    ROME (ITALY)   EUR    170,431    90.9000        

FINSIEL-CONSULENZA E

APPLICAZIONI INFORMATICHE

SPA

                 9.1000         TELECOM ITALIA SPA
CONSORZIO MAEL    ROME   EUR    52,000    60.0000         OLIVETTI TECNOST S.p.A.
(participation in bids and competitions held by public and private entities)    (ITALY)             40.0000         TIEMME SISTEMI S.r.l.

Name    Head Office    Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

CONSORZIO SESIT (in liquidation)

(development of the integrated information system

for the Ministry of Transport and Navigation)

   

ROME

(ITALY)

    EUR    51,646    70.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE SPA

CONSORZIO TURISTEL

(online tourism services)

   

ROME

(ITALY)

    EUR    77,469    33.3333
33.3333		        

FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE SPA

TELECOM ITALIA S.p.A.

             

Consortium Affiliates

 

                              

CONSORZIO ACCAM

(automation of the communication centers of

the agencies and operating units of the Air Force)

   

ROME

(ITALY)

    EUR    6,120    33.3333         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

CONSORZIO CSIA (in liquidation)

(information systems for the State agency for the

agricultural market)

   

ROME

(ITALY)

    EUR    206,583    44.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

CONSORZIO DREAM FACTORY (in liquidation)

    ROME    EUR    20,000    20.0000         TELECOM ITALIA S.p.A.

(promotion of new economy development in the weak

areas of the country)

    (ITALY)                         

CONSORZIO E O (in liquidation)

    ROME    EUR    19,107    50.0000         TELECOM ITALIA S.p.A.

(professional training)

    (ITALY)                         

CONSORZIO IRI TELEMATICA CALABRIA - TELCAL

(planning and development of the

“Piano Telematico Calabria” project)

   

CATANZARO

(ITALY)

    EUR    877,975    24.0000
24.0000		        

INTERSIEL S.p.A.

TELECOM ITALIA S.p.A.

CONSORZIO LABORATORIO DELLA CONOSCENZA

    NAPLES    EUR    51,646    25.0000         TELECOM ITALIA S.p.A.

(realization of a research project for innovative

remote professional training and platforms in Naples)

    (ITALY)              25.0000         TELECOM ITALIA LEARNING SERVICES S.p.A.

CONSORZIO OMNIA (in liquidation)

    PERUGIA    EUR    2,582    50.0000         WEBRED S.p.A.

(hardware maintenance)

    (ITALY)                         

CONSORZIO REISS FORM

(training and consulting services for training and management)

   

ROME

(ITALY)

    EUR    51,646    50.0000         TELECOM ITALIA LEARNING SERVICES S.p.A.

CONSORZIO S.I.A.R.C. (in liquidation)

(supply of information products and services)

   

NAPLES

(ITALY)

    EUR    25,821    30.0000         TELECOM ITALIA S.p.A.

CONSORZIO SCUOLA SUPERIORE ALTA

FORMAZIONE UNIVERSITARIA FEDERICO II

(professional training)

   

NAPLES

(ITALY)

    EUR    129,114    20.0000         TELECOM ITALIA MOBILE S.p.A.

CONSORZIO SIMT

(information systems for the general management of the

civil traffic and transport control authority)

   

ROME

(ITALY)

    EUR    51,646    45.0000         FINSIEL - CONSULENZA E APPLICAZIONI INFORMATICHE S.p.A.

CONSORZIO STOAMED CONSORZIO

FORMAZIONE MEDITERRANEO - STOA’

(design and management of high-tech professional

training courses)

   

ERCOLANO

(NAPLES - ITALY)

    EUR    10,000    30.0000         TELECOM ITALIA LEARNING SERVICES S.p.A.

 

Name    Head
Office		   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

CONSORZIO TELEMED (in liquidation)

    ROME   EUR    103,291    33.3335         TELECOM ITALIA S.p.A.

(online social and health assistance activities)

    (ITALY)                        

NAVIGATE CONSORTIUM

    MILAN   EUR    582,716    20.0000         TELECOM ITALIA S.p.A.

(terrestrial and satellite network integration)

    (ITALY)                        

Telecom Italia Group

 

Other significant investments in accordance with Consob resolution No. 11971 dated May 14. 1999

 

Name    Head Office    Currency    Share
Capital		    %
ownership		   

% of

voting
rights

    Held by

ANCITEL S.p.A.

(telecommunications services)

    ROME
(ITALY)		    EUR    1,087,232    8.5500
7.1320		         TELECOM ITALIA S.p.A.
INSIEL S.pA.

ATESIA - Telemarketing Comunicazione Telefonica e Ricerche di Mercato S.p.A.

(telemarketing)

    ROME
(ITALY)		    EUR    3,150,406    19.9000         TELECOM ITALIA S.p.A.

CIFRA S.c.a.r.l.

(training and advanced research for information systems)

    CAGLIARI
(ITALY)		    EUR    92,964    16.6700         KRENESIEL S.p.A.

ELETTROCLICK S.p.A. (in bankruptcy)

(software production)

    MILAN
(ITALY)		    EUR    127,420    14.7000         TELECOM ITALIA MEDIA S.p.A.

FIN.PRIV. S.r.l.

(financing)

    MILAN
(ITALY)		    EUR    20,000    14.2900         TELECOM ITALIA S.p.A.

FORTHNET S.A.

(information and telecommunications services)

    KALLITHEA
(GREECE)		    EUR    19,499,850    7.7400
4.4800		         TELECOM ITALIA INTERNATIONAL N.V.
MEDITERRANEAN NAUTILUS S.A.

IFM INFOMASTER S.p.A.

(planning and development of call center solutions)

    GENOA
(ITALY)		    EUR    161,765    12.0000         TELECOM ITALIA LAB S.A.

INSULA S.p.A.

(telecommunications services)

    VENICE-MESTRE
(ITALY)		    EUR    2,064,000    12.0000         TELECOM ITALIA S.p.A.

ISTITUTO R.T.M. S.p.A.

(study and research of mechanical technologies for automation)

    VICO CANAVESE
(TURIN - ITALY)		    EUR    1,113,714    16.1617         OLIVETTI TECNOST S.p.A.

ITALBIZ.COM Inc.

(Internet services)

    CALIFORNIA
(USA)		    USD    4,720    19.5000         TELECOM ITALIA MEDIA S.p.A.

LEISURE LINK HOLDINGS ltd

(manufacture of gaming and leisure-time machines)

    STAFFORDSHIRE
(UK)		    GBP    7,809,618    10.9476         TELECOM ITALIA FINANCE S.A.

PAS GROUP - Professional Application Software S.r.l.

(software production)

    MILAN
(ITALY)		    EUR    91,800    16.6700         EUSTEMA S.p.A.

PIEDMONT INTERNATIONAL S.A.

(financing)

    LUXEMBOURG    USD    10,507,500    17.1300    10.3000    TELECOM ITALIA FINANCE S.A.

RETAIL NETWORK SERVICES B.V.

(holding company)

    AMSTERDAM
(HOLLAND)		    EUR    15,129,484    13.6500         OLIVETTI TECNOST S.p.A.

SOLPART PARTICIPACOES S.A.

(holding company for investment in Brasil Telecom Participaçoes S.A.)

    RIO DE
JANEIRO
(BRAZIL)		    BRL    1,837,900,000    31.5900    19.0000    TELECOM ITALIA INTERNATIONAL N.V.

 

Name    Head Office   Currency    Share
Capital		    %
ownership		    % of
voting rights		    Held by

TRADIZIONI ITALIANE S.P.A. (in bankruptcy)

    CIRO’   EUR    8,263,111    11.3800         INTERSIEL S.p.A.

(production and sale of food and other)

    (CROTONE-
ITALY)		                        

TWICE SIM S.p.A.

    MILAN   EUR    8,450,000    14.2300         TELECOM ITALIA MEDIA S.p.A.

(investment services)

    (ITALY)                        

USABLENET INC.

    DELAWARE   USD    4    18.1081         TELECOM ITALIA LAB SA

(development of software for the analysis of web site usability)

    (USA)                        

WEVAMARKET INC.

    DELAWARE   USD    26,043    11.4800         SATURN VENTURE PARTNERS LLC

(holding company)

    (USA)