Elliott Management Corporation manages two multi-strategy funds which combined have over $34 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, 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 together closely.  We believe strongly in the value conclusions that we have drawn as a result of this effort.

15 March 2018


This website and the information contained within it (together referred to as "this website") is an information resource for shareholders in Telecom Italia SPA ("Shareholders"). Through this website Shareholders can access copies of the correspondence between Elliott Advisors (UK) Limited ("Elliott"), Elliott International LP, Liverpool Limited Partnership, Elliott Associates LP (“Elliott Funds”) and the management of Telecom Italia SPA (“TI”), the press releases issued by Elliott, and presentations relating to TI prepared by Elliott.

This website is not intended to be and is not an investment recommendation as defined by Regulation (EU) No 596/2014. No information on this website should be construed as recommending or suggesting an investment strategy or as representing any opinion as to the present or future value of any financial instrument.  The information on this website is not an offer to sell or a solicitation of an offer to buy any security, nor shall Elliott offer, sell or buy any security to or from any person through this site.  The information in this website is not intended to constitute nor should it be construed as advice of any kind, whether in relation to legal, compliance, accounting, regulatory matters or otherwise.  Elliott is expressing its opinions solely in its capacity as an investment advisor to the Elliott Funds.  Nothing in this material should be taken as any indication of Elliott’s or the Elliott Funds’ current or future trading or voting intentions in relation to TI or any other listed security.  As of 16th March 2018, Elliott Funds hold a position in the issued share capital of TI.  As a result of its arrangements with the Elliott Funds, Elliott has a financial interest in the profitability of the Elliott Funds' positions in TI.

Materials contained in this website do not relate to a board-control seeking resolution in TI. Elliott is not seeking to secure commitments or proxies from TI shareholders to vote their shares to support the resolutions that Elliott has requested to table at TI general meeting convened on April 24, 2018 other than within the context of any proxy solicitation that Elliott may elect to pursue in accordance with applicable law.

This website is published and maintained by Elliott which is authorised and regulated by the Financial Conduct Authority in the United Kingdom.   Elliott and its affiliates, officers and employees make no representations or warranties, express or implied, regarding the accuracy, reliability, completeness, suitability or other characteristics of the information and materials (which may include information and materials obtained from third party sources) contained on or presented through the site. The information on this website is provided “as is”, is subject to change at any time, and Elliott has no duty to provide notice of such changes, nor is it obliged to undertake such changes.  Neither Elliott, nor any of its affiliates or officers shall be liable for any direct, indirect, consequential, punitive or special losses or damages of any kind whatsoever arising from reliance on any of the content of this website.

Telecom Italia SPA has not approved nor does it have any responsibility for this website or its contents.  This website was last updated on 5th April 2018.  Elliott does not intend to update this website on a regular basis, but may from time to time add additional information as it becomes available.