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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 17)
------------------------------
TELECOM ITALIA S.p.A.
(Name of Issuer)
Ordinary Shares of euro 0.55 par value each 87927W10
(Title of class of securities) (CUSIP number)
Dott. Gianni Mion
Edizione Holding S.p.A.
Calmaggiore 23
31100 Treviso
Italy
(+39) 0422-5995
With a copy to:
Michael S. Immordino, Esq.
Latham & Watkins
99 Bishopsgate
London EC2M 3XF
England
(+44) 207-710-1076
(Name, address and telephone number of person authorized
to receive notices and communications)
October 15, 2003
(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 10)
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CUSIP No. 87927W10 13D
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---------------- -----------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON EDIZIONE HOLDING S.p.A.
I.R.S. IDENTIFICATION NO. Not Applicable
OF ABOVE PERSON
---------------- -----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------- -----------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- -----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------- -----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
---------------- -----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------------------- -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,457,015,823
OWNED BY (See Item 5)
-------------------- -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING -------------------- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 1,457,015,823
PERSON WITH (See Item 5)
---------------- -----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,457,015,823
(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): 14.16%
(See Item 5)
---------------- -----------------------------------------------------------------------------------------
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 EDIZIONE FINANCE INTERNATIONAL S.A.
I.R.S. IDENTIFICATION NO. Not Applicable
OF ABOVE PERSON
---------------- -----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------- -----------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- -----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------- -----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
---------------- -----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy
------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------------------- -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,457,015,823
OWNED BY (See Item 5)
-------------------- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH -------------------- -----------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER: 1,457,015,823
(See Item 5)
PERSON WITH
---------------- -----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,457,015,823
(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): 14.16%
(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
---------------- -----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
---------------- -----------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- -----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------- -----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
---------------- -----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy
------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------------------- -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,457,015,823
OWNED BY (See Item 5)
-------------------- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 0
EACH -------------------- -----------------------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER: 1,457,015,823
(See Item 5)
PERSON WITH
---------------- -----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,457,015,823
(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): 14.16%
(See Item 5)
---------------- -----------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
(Page 4)
This Amendment No. 17 amends the Statement on Schedule 13D dated August
9, 2001, as amended (as previously amended, the "Statement on Schedule 13D")
filed by Edizione Holding S.p.A., a company incorporated under the laws of the
Republic of Italy ("Edizione Holding"), Edizione Finance International S.A., a
company incorporated in the Duchy of Luxembourg ("Edizione Finance"), and
Ragione S.a.p.a. di Gilberto Benetton e C., a partnership organized under the
laws of the Republic of Italy ("Ragione") (Edizione Holding, Edizione Finance
and Ragione, are collectively referred to herein as the "Edizione Reporting
Persons") with respect to the ordinary shares, euro 0.55 par value per share, of
Telecom Italia S.p.A., a company incorporated under the laws of the Republic of
Italy. Capitalized terms used in this Amendment without definition have the
meanings ascribed to them in the Statement on Schedule 13D.
This Amendment is being filed by each of the Edizione Reporting
Persons. Pirelli, the Purchaser, Edizione Holding, UCI, BCI, and, as discussed
in Items 4 and 6 of Amendment No. 10 to the Statement on Schedule 13D, Hopa are
members of a group with respect to the Telecom Italia Shares. The Edizione
Reporting Persons are making a separate filing on Schedule 13D in accordance
with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934 and are
responsible solely 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, UCI, BCI or Hopa has been
provided by the nominating person, and the information concerning Mr. Emilio
Gnutti has been provided directly by Mr. Gnutti.
Item 3. Source and Amount of Funds or Other Consideration
On October 15, 2003, Olimpia purchased 266,300,000 Telecom Italia
Shares for an aggregate purchase price of approximately euro 597.7 million,
representing the price per share of euro 2.2445. The transaction occurred in
connection with the simultaneous sale by Olimpia of its entire holding of
504,825,562 Telecom Italia 2001-2010 convertible bonds for a price per
convertible bond of 1.172 euro plus accrued interest, and involves a nominal
cash settlement of approximately euro 3,000 to be received by Olimpia. A copy of
a press release concerning the transaction issued by Olimpia on October 15, 2003
is filed as Exhibit 41. Approximately 492 million of the Telecom Italia
2001-2010 convertible bonds that were sold by Olimpia on October 15 had been
(until the time of their sale) pledged with Banca Intesa, Banca di Roma,
Unicredit Banca Mobiliare S.p.A. and Unicredit Banca D'Impresa S.p.A. pursuant
to the Pledge Agreement filed as Exhibit 19 to the Statement on Schedule 13D. In
substitution for those bonds, 259,797,136 of the Telecom Italia Shares that were
purchased by Olimpia on October 15 have been pledged pursuant to the Pledge
Agreement.
Item 5. Interest in Securities of the Issuer
After giving effect to the acquisition of the 266,300,000
Telecom Italia Shares referred to in Item 3, Olimpia holds 1,457,015,823 Telecom
Italia Shares, representing approximately 14.16% of the total number of
outstanding Telecom Italia Shares.
(Page 5)
Item 7. Material to be Filed as Exhibits
41. Press release of Olimpia, dated as of October 15, 2003.
(Page 6)
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: October 21, 2003
EDIZIONE HOLDING S.p.A.
By: /s/ Gianni Mion
-----------------------------
Name: Gianni Mion
Title: Chief Executive Officer
(Page 7)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: October 21, 2003
EDIZIONE FINANCE INTERNATIONAL S.A.
By: /s/ Gustave Stoffel
-------------------------------
Name: Gustave Stoffel
Title: Director
(Page 8)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: October 21, 2003
RAGIONE S.a.p.a DI GILBERTO
BENETTON E C.
By: /s/ Gilberto Benetton
------------------------------
Name: Gilberto Benetton
Title: Chairman
(Page 9)
EXHIBIT INDEX
Exhibit No.
41. Press release of Olimpia, dated as of October 15, 2003.
(Page 10)