Telco S.p.A. press release
We make reference to the press release issued today by Telecom Italia with respect to the communication given by the Comissao de Valores Mobiliarios to its subsidiary TINI Participacoes S .A. which refers to a potential mandatory tender offer to be launched by Telco in favour of minority shareholders of TIM Participacoes accordingly with Brazilian law. At Consob request, Telco:
- confirms it has received such communication by Telecom Italia S.p.A.;
- clarifies that it has not received any such communication by Commissao de Valores Mobiliarios nor any further information or material in this respect;
- considers ungrounded the supposed mandatory tender offer.
Telco, in close consultation with its legal advisors, reserves the right to take all measures it will deem appropriate.