Elliott increases shareholding in Telecom Italia

Elliott Advisors (UK) Limited has disclosed it has worked with J.P. Morgan Securities plc to build its position in the ordinary shares of Telecom Italia to approximately 9%, the company said.

Elliott also released an investor presentation outlining its case for change at the company that can be viewed at: www.transformingTIM.com

Founded in 1977, Elliott Management Corporation is one of the oldest private investment firms of its kind under continuous management. The firm´s investors include pension funds, private endowments, charitable foundations, family offices, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Management Corporation.