13D Filing: Elliott Associates, L.P. and Telecom Italia S.p.A (TI)

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Page 5 of 13 – SEC Filing

Item 1. SECURITY AND ISSUER
This statement relates to the ordinary shares, no nominal value (the “Ordinary Shares”), of Telecom Italia S.p.A., a joint stock company incorporated under the laws of Italy (the “Issuer”).  The Issuer’s principal executive offices are located at Via Gaetano Negri 1, 20123 Milan, Italy.
Item 2. IDENTITY AND
BACKGROUND

(a)-(c) This statement
is being filed by Elliott Associates, L.P., a Delaware limited partnership, and its wholly-owned subsidiaries (collectively, “Elliott
or “we”), Elliott International, L.P., a Cayman Islands limited partnership (“Elliott International”),
and Elliott International Capital Advisors Inc., a Delaware corporation (“EICA” and collectively with Elliott
and Elliott International, the “Reporting Persons”).  Elliott Advisors GP LLC, a Delaware limited liability
company (“Elliott Advisors”), which is controlled by Paul E. Singer (“Singer”), Elliott
Capital Advisors, L.P., a Delaware limited partnership (“Capital Advisors”), which is controlled by Singer,
and Elliott Special GP, LLC, a Delaware limited liability company (“Special GP”), which is controlled by Singer,
are the general partners of Elliott.  Hambledon, Inc., a Cayman Islands corporation (“Hambledon”), which
is also controlled by Singer, is the sole general partner of Elliott International. EICA is the investment manager for Elliott
International.  EICA expressly disclaims equitable ownership of and pecuniary interest in any Ordinary Shares.

ELLIOTT

The business address
of Elliott is 40 West 57th Street, New York, New York 10019.

The principal business of Elliott is to purchase,
sell, trade and invest in securities.

SINGER

Singer’s business address is 40
West 57th Street, New York, New York 10019.

Singer’s principal business is to serve as the sole managing member
of Elliott Advisors, as a general partner of Capital Advisors, as the president of EICA, and as a managing member of Special GP.

CAPITAL ADVISORS      

The business address of
Capital Advisors is 40 West 57th Street, New York, New York 10019.

The principal
business of Capital Advisors is the furnishing of investment advisory services.  Capital Advisors also serves as a managing
member of Special GP and as a general partner of Elliott.  

The
names, business addresses, and present principal occupation or employment of the general partners of Capital Advisors are as follows:

NAME ADDRESS OCCUPATION
Paul E. Singer

40 West 57th St.

New York, New York 10019

Sole Managing Member of Elliott Advisors; General partner of Capital Advisors; President of EICA; and a managing member of Special GP
Braxton Associates, Inc.

40 West 57th St.

New York, New York 10019

The principal business of Braxton Associates, Inc. is serving as general partner of Capital Advisors

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