Telco S.p.A. press release

With reference to reports which have appeared in the press, at the request of market regulator Consob, Telco informs that as of today Telco’s investment in Telecom Italia is made up of n. 3,278,702,623  ordinary shares or 24.5% of Telecom Italia ordinary share capital, all of which are pledged to guarantee outstanding loans obligations. All related financial covenants are currently fully complied with.

In addition, Telco confirms its intention to raise, if needed, also with the support of its shareholders, the financial resources necessary to meet the financial covenants.

Telco, also on behalf of its shareholders, confirms, once again, the strategic value of the investment in Telecom Italia.