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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
(Amendment No. 28)
------------------------------
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)
May 31, 2005
(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 9)
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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 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
------------------- ------------------------------------------ ----------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------ ----------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
----------------------- ------------------------------------------------------------------ ----------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359
(See Item 5)
----------------------- ------------------------------------------------------------------ ----------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [ ]
----------------------- ------------------------------------------------------------------ ----------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.8%
(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 8 SHARED VOTING POWER: 2,407,345,359
OWNED BY (See Item 5)
------------------- -------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- -------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
------------------------ -------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359
(See Item 5)
------------------------ -------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------------ --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.8%
(See Item 5)
------------------------ ------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
(Page 3)
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CUSIP No. 87927W10 13D
------------------------------------------------------------- -------------------------------------------------
------------------------ ------------------------------------------------ -----------------------------------------------
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: 2,407,345,359
OWNED BY (See Item 5)
------------------- ------------------------------------------ -----------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------ -----------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,407,345,359
(See Item 5)
------------------------ ------------------------------------------------------------------ -----------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359
(See Item 5)
------------------------ ------------------------------------------------------------------ -----------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
------------------------ ------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.8%
(See Item 5)
------------------------ ------------------------------------------------------ -----------------------------------------
14 TYPE OF REPORTING PERSON: PN
(Page 4)
This Amendment No. 28 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 solely
responsible 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 or by such nominee director or officer.
Item 3. Source and Amount of Funds or Other Consideration
On May 31, 2005, Edizione Holding purchased 364,800,000 ordinary shares
of a nominal value of euro 1 each of Olimpia from Edizione Finance for a
purchase price of euro 474,896,640. The press releases issued on June 8, 2005 in
connection with this share purchase are filed as Exhibit 64 and Exhibit 65.
Item 5. Interest in Securities of the Issuer
The information contained in Item 3 above concerning the share purchase
is incorporated herein by reference. After giving effect to the transaction
referred to in Item 3 above, Edizione Holding holds 364,800,000 ordinary shares
of Olimpia, representing approximately 7.88% of the share capital of Olimpia and
Edizione Finance holds 413,079,230 ordinary shares of Olimpia, representing
approximately 8.92% of the share capital of Olimpia. Ragione does not directly
hold any ordinary shares of Olimpia.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer
The information contained in Items 3 and 5 above concerning the share
purchase is incorporated herein by reference. In accordance with the terms of
the Shareholders' Agreement as defined in Amendment No. 10 to this Schedule 13D,
the Definitive Agreement as defined in Amendment No. 11 to this Schedule 13D and
the by-laws of Olimpia, Edizione Finance obtained the consent from Pirelli, BCI,
UCI, Hopa and Olimpia with respect to the share purchase referred to in Item 3
above. As a result of the
(Page 5)
transaction referred to in Item 3, Edizione Holding has agreed to substitute
Edizione Finance with respect to its rights and obligations under the
Shareholders' Agreement and the Definitive Agreement pro rata with the acquired
shares.
Item 7. Material to be Filed as Exhibits
64. Press Release of Pirelli, Edizione Holding and Edizione Finance,
dated June 8, 2005. [English translation]
65. Press Release of Pirelli, BCI, UCI, Hopa, Edizione Holding, Edizione
Finance and Olimpia, dated June 8, 2005. [English translation]
(Page 6)
EXHIBIT INDEX
Exhibit No.
64. Press Release of Pirelli, Edizione Holding and Edizione Finance,
dated June 8, 2005. [English translation]
65. Press Release of Pirelli, BCI, UCI, Hopa, Edizione Holding, Edizione
Finance and Olimpia, dated June 8, 2005. [English translation]
(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: June 15, 2005
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: June 15, 2005
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: June 15, 2005
RAGIONE S.a.p.a DI GILBERTO
BENETTON E C.
By: /s/ Gilberto Benetton
------------------------------------------
Name: Gilberto Benetton
Title: Chairman
(Page 10)