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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 16)
------------------------------
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)
August 4, 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 11)
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CUSIP No. 87927W10 13D
----------------------------------------------------------- ------------------------------------------------
----------------------- ------------------------------------------------ ----------------------------------------------
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
----------------------- ------------------------------------------------------------------ ----------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
BENEFICIALLY ------------------ ------------------------------------------ -----------------------------
OWNED BY 8 SHARED VOTING POWER: 2,891,656,682
(See Item 5)
EACH ------------------ ------------------------------------------ -----------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
------------------ ------------------------------------------ -----------------------------
10 SHARED DISPOSITIVE POWER: 2,891,656,682
(See Item 5)
PERSON WITH
----------------------- ------------------------------------------------------------------ ----------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,891,656,682
(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): 54.96%
(See Item 5)
----------------------- ----------------------------------------------------------------- -----------------------------
14 TYPE OF REPORTING PERSON: CO
(Page 2)
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CUSIP No. 87927W10 13D
------------------------------------------------------------- ---------------------------------------------
------------------------ ------------------------------------------------ ---------------------------------------------
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 ------------------- ------------------------------------------ ---------------------------
OWNED BY 8 SHARED VOTING POWER: 2,891,656,682
(See Item 5)
EACH ------------------- ------------------------------------------ ---------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
------------------- ------------------------------------------ ---------------------------
10 SHARED DISPOSITIVE POWER: 2,891,656,682
(See Item 5)
PERSON WITH
----------------------- ------------------------------------------------------------------ ---------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,891,656,682
(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): 54.96%
(See Item 5)
------------------------ ------------------------------------------------------ ---------------------------------------
14 TYPE OF REPORTING PERSON: CO
(Page 3)
------------------------------------------------------------- ------------------------------------------------
CUSIP No. 87927W10 13D
------------------------------------------------------------- ------------------------------------------------
------------------------ ------------------------------------------------ ----------------------------------------------
1 NAME OF REPORTING PERSON RAGIONE S.a.p.a. DI GILBERTO BENETTON E C.
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 ------------------- ------------------------------------------ ----------------------------
OWNED BY 8 SHARED VOTING POWER: 2,891,656,682
(See Item 5)
EACH ------------------- ------------------------------------------ ----------------------------
REPORTING 9 SOLE DISPOSITIVE POWER: 0
------------------- ------------------------------------------ ----------------------------
10 SHARED DISPOSITIVE POWER: 2,891,656,682
(See Item 5)
PERSON WITH
----------------------- ------------------------------------------------------------------ ----------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,891,656,682
(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): 54.96%
(See Item 5)
------------------------ --------------------------------------------------------------------------------- -------------
14 TYPE OF REPORTING PERSON: PN
(Page 4)
This Amendment No. 16 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 contained in Item 2 below
concerning Mr. Emilio Gnutti has been provided directly by Mr. Gnutti.
Item 2. Identity and Background
As reported in Amendment No. 14 to the Statement on Schedule 13D, Mr.
Emilio Gnutti became a director of Olimpia on May 5, 2003. Mr. Gnutti's present
principal occupation is entrepeneur and his business address is Corso
Zanardenelli 32, Brescia, Italy. Mr. Gnutti is an Italian citizen.
Olimpia and Edizione have been informed that, during the past five
years, Mr. Gnutti has not been (i) 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 on finding any violation with respect to such laws, or (ii) convicted in
any criminal proceeding (excluding traffic violations or similar misdemeanors),
except that on June 25, 2002, Mr. Gnutti was convicted in the Tribunale Brescia
of charges based on Article 180, Paragraph 1(b) of Legislative Decree 58 of
February 24, 1998 - Consolidated Law on Financial Intermediation, in connection
with which Mr. Gnutti was fined euro 100,000 and sentenced to serve eight months
in prison. (Article 180, Paragraph 1(b) relates to the unauthorized disclosure
of inside information - the charges do not relate to conduct involving the
securities of Telecom Italia, Olivetti or Edizione.) An appeal by Mr. Gnutti
from the decision of the Tribunale Brescia is presently pending in the Court of
Appeal of Brescia.
(Page 5)
Item 4. Purpose of Transaction
On June 5, 2003, Olivetti filed with Consob, the Italian securities
regulatory authority, a communication to the market relating to Olivetti's
intention to launch a voluntary partial tender offer for Telecom Italia Shares
(and American Depositary Shares representing underlying Telecom Italia Shares)
and Telecom Italia Savings Shares. A press release issued by Olivetti in
connection with the filing made with respect to Telecom Italia Shares is filed
as Exhibit 36. A press release issued by Olivetti in connection with the filing
made with respect to Savings Shares is filed as Exhibit 37. On June 16, 2003,
Olivetti issued a press release which reports (among other things) that a
maximum total amount of euro 8,989,059,475 will be allocated to the tender offer
for Telecom Italia Shares and Telecom Italia Savings Shares. Specifically, the
press release reports that Olivetti will publicly tender for (i) 908,873,776
Telecom Italia Shares (representing approximately 17.3% of the total number of
outstanding securities of that class) at a price per share of euro 8.01) and
(ii) 354,560,274 Telecom Italia Savings Shares (representing approximately 17.3%
of the total number of outstanding securities of that class) at a price per
share of euro 4.82. A copy of the press release is filed as Exhibit 38. On June
19, 2003, Olivetti issued a press release which reports that Olivetti received
authorization from Consob on June 18, 2003 to publish the offer document
relating to the tender offer for Telecom Italia Shares and Telecom Italia
Savings Shares. A copy of the press release is filed as Exhibit 39.
The Olivetti Merger (as that term is defined in Amendment No.12 to the
Statement on Schedule 13D) became effective on August 4, 2003. A copy of a joint
press release concerning the Olivetti Merger issued by Olivetti and Telecom
Italia on July 29, 2003 is filed as Exhibit 40. The Olivetti Merger resulted in
the merger of Telecom Italia with and into Olivetti and the surviving entity
adopting the name Telecom Italia S.p.A. (The surviving entity from the Olivetti
Merger will henceforth be referred to in the Statement on Schedule 13D as
"Telecom Italia").
Item 5. Interest in Securities of the Issuer
Following the consummation (and as a result) of the Olivetti Merger,
Olimpia beneficially owns 1,190,715,823 ordinary shares of Telecom Italia,
representing approximately 11.575% of the total number of shares of that class
reported to be outstanding by Telecom Italia.
Mr. Emilio Gnutti, a director of Olimpia, may be deemed to beneficially
own 1,500 Telecom Italia Shares and 9,391 Olivetti Convertible Bonds
(representing, in each case, less than 0.1% of the total number of securities of
that class), which are held of record by Mr. Gnutti's wife, Ms. Ornella Pozzi.
Item 7. Material to be Filed as Exhibits
36. Press Release of Olivetti S.p.A., dated as of June 5, 2003
37. Press Release of Olivetti S.p.A., dated as of June 5, 2003
38. Press Release of Olivetti S.p.A., dated as of June 16, 2003
(Page 6)
39. Press Release of Olivetti S.p.A., dated as of June 19, 2003
40. Press release of Olivetti S.p.A. and Telecom Italia S.p.A., dated as of
July 29, 2003
(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: August 21, 2003
EDIZIONE HOLDING S.p.A.
By: /s/ Gianni Mion
---------------------------------
Name: Gianni Mion
Title: Chief Executive Officer
(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: August 21, 2003
EDIZIONE FINANCE INTERNATIONAL S.A.
By: /s/ Gustave Stoffel
---------------------------------------
Name: Gustave Stoffel
Title: Director
(Page 9)
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: August 21, 2003
RAGIONE S.a.p.a DI GILBERTO BENETTON E C.
By: /s/ Gilberto Benetton
--------------------------------------
Name: Gilberto Benetton
Title: Chairman
(Page 10)
EXHIBIT INDEX
36. Press Release of Olivetti S.p.A., dated as of June 5, 2003
37. Press Release of Olivetti S.p.A., dated as of June 5, 2003
38. Press Release of Olivetti S.p.A., dated as of June 16, 2003
39. Press Release of Olivetti S.p.A., dated as of June 19, 2003
40. Press release of Olivetti S.p.A. and Telecom Italia S.p.A., dated
as of July 29, 2003
(Page 11)