TMCnet News
Elliott Discloses Increased Shareholding in Telecom ItaliaElliott Advisors (UK) Limited, which advises funds (together "Elliott") disclosed today that it has worked with J.P. Morgan Securities plc to build its position in the ordinary shares of Telecom Italia (News - Alert) (the "Company" or "TIM") to approximately 9%. Elliott also released an investor presentation outlining its case for change at the Company that can be viewed at: www.transformingTIM.com The presentation includes the following key takeaways:
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. Our approach to TIM is consistent with our approach to many of our current and previous investments. We have invested a significant amount of time and resources into understanding TIM, including hiring numerous advisors and consultants with whom we have worked closely together with our business associates. We believe strongly in the value conclusions that we have drawn as a result of this effort. For more information, please visit our dedicated website www.transformingTIM.com.
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