SC 13D/A





Washington, D.C. 20549




Under the Securities Exchange Act of 1934

(Amendment No. 22)*



TIM S.p.A.

(Name of Issuer)

Ordinary Shares with no nominal value

(Title of Class of Securities)


(CUSIP Number)

George E. Bushnell III, Esq.

Senior Vice President and Deputy General Counsel

Vivendi S.A

1755 Broadway

New York, New York 10019

Telecopy: (212) 445-3812

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 24, 2019

(Date of Event which Requires Filing of this Statement)



If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐



Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.





The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





Names of Reporting Person.

I.R.S. Identification Nos. of above persons (entities only)


Vivendi S.A.


Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☐



SEC Use Only



Source of Funds (See Instructions)




Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)



Citizenship or Place of Organization



Number of



Owned by







Sole Voting Power




Shared Voting Power




Sole Dispositive Power




Shared Dispositive Power




Aggregate Amount Beneficially Owned by Each Reporting Person




Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)



Percent of Class Represented by Amount in Row (11)




Type of Reporting Person (See Instructions)



This Amendment No. 22 (this “Amendment”) amends and supplements the Schedule 13D filed on July 1, 2015 (the “Original Filing”), as amended by Amendment No. 1 filed on October 5, 2015 (“Amendment No. 1”), Amendment No. 2 filed on October 23, 2015 (“Amendment No. 2”), Amendment No. 3 filed on December 17, 2015 (“Amendment No. 3”), Amendment No. 4 filed on January 20, 2016 (“Amendment No. 4”), Amendment No. 5 filed on February 19, 2016 (“Amendment No. 5”), Amendment No. 6 filed on March 1, 2016 (“Amendment No. 6”), Amendment No. 7 filed on March 11, 2016 (“Amendment No. 7”), Amendment No. 8 filed on May 10, 2016 (“Amendment No. 8”), Amendment No. 9 filed on May 20, 2016 (“Amendment No, 9”), Amendment No. 10 filed on November 22, 2016 (“Amendment No. 10”), Amendment No. 11 filed on December 6, 2016 (“Amendment No. 11”), Amendment No. 12 filed on December 7, 2016 (“Amendment No. 12”), Amendment No. 13 filed on April 14, 2017 (“Amendment No. 13”), Amendment No. 14 filed on May 10, 2017 (“Amendment No. 14”), Amendment No. 15 filed on June 2, 2015 (“Amendment No, 15”), Amendment No. 16 filed on July 31, 2017 (“Amendment No. 16”), Amendment No. 17 filed on October 2, 2017 (“Amendment No. 17”), Amendment No. 18 filed on March 26, 2018 (“Amendment No. 18”), Amendment No. 19 filed on April 9, 2018 (“Amendment No. 19), Amendment No.20 filed on May 8, 2018 (“Amendment N. 20”) and Amendment No.21 filed on January 14, 2019 (“Amendment No. 21” ; and together with the Original Filing and Amendment Nos. 1 through 20, the “Schedule 13D”) by the Filing Person relating to the ordinary shares, without nominal value (the “Shares”), of TIM S.p.A., a company formed under the laws of the Republic of Italy (the “Issuer” or the “Company”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, supplemented, restated or superseded by information contained in this Amendment. Each capitalized term used herein but not defined in this Amendment shall have the meaning assigned to such term in the Schedule 13D.

Item 4. Purpose of the Transaction

Item 4 is hereby amended and supplemented by the addition of the following:

On February 24, 2019, the Reporting Person issued a press release outlining its proposal to restore value to the Company as part of a proxy solicitation launched in accordance with Italian law.

As previously reported by the Reporting Person on Amendment No. 21 to the Schedule 13D filed on January 14, 2019, the Issuer’s Shareholders’ Meeting scheduled to be held on March 29, 2019, will notably vote on resolutions submitted by the Reporting Person to:



Revoke 5 (five) of the Issuer’s current Directors in the persons of Messrs. Fulvio Conti, Alfredo Altavilla, Massimo Ferrari, Dante Roscini and Ms. Paola Giannotti de Ponti; and



Appoint 5 (five) new Directors in the persons of Mr. Franco Bernabè, Mr. Rob van der Valk, Ms. Flavia Mazzarella, Mr. Gabriele Galateri di Genola and Mr. Francesco Vatalaro, in replacement of the revoked directors.

The Reporting Person is soliciting proxies from the holders of the Issuer’s Shares for the approval of the two above-mentioned proposed resolutions and has prepared an information prospectus in connection with such solicitation which was reviewed by the Consob (the Italian financial markets regulator). An English translation of the Prospectus, the Notice to the Shareholders of Telecom Italia S.p.A., the Proxy Form and the press release issued by the Reporting Person on February 24, 2019 are attached hereto as Exhibits 1 through 4 and incorporated herein by reference.


After reasonable inquiry and to the best of my knowledge and belief, I certify that this information set forth in this statement is true, complete and correct.

Dated: February 26, 2019



/s/ George E. Bushnell III

  Name:   George E. Bushnell III
  Title:   Senior Vice President
        & Deputy General Counsel


The name and present principal occupation or employment (and the name, principal business and address of any corporation or other organization in which such employment is conducted) of each director of Vivendi are set forth below.

Unless otherwise specified, each person listed below is a citizen of France.




Present principal occupation or employment


Principal Business Address and Citizenship (if other than France)

Management Board

Arnaud de Puyfontaine    Chairman of the Management Board and CEO, Vivendi    42, avenue de Friedland, 75008 Paris, France
Gilles Alix   

Chief Executive Officer, Bolloré

Group and Senior Vice President responsible for inter-group coordination at Vivendi

   42, avenue de Friedland, 75008 Paris, France
Cédric de Bailliencourt   

Chief Financial Officer, Bolloré

Group and Senior Vice President

responsible for investor relations and

inter-group financial communications

at Vivendi

   42, avenue de Friedland, 75008 Paris, France
Hervé Philippe    Chief Financial Officer, Vivendi    42, avenue de Friedland, 75008 Paris, France
Stéphane Roussel    Chief Operating Officer, Vivendi and Chief Executive Officer, Gameloft SE    42, avenue de Friedland, 75008 Paris, France
Frédéric Crépin    Senior Executive Vice President and Group General Counsel, Vivendi    42, avenue de Friedland, 75008 Paris, France
Simon Gillham    Chairman of Vivendi Village, Senior Executive Vice President, Communications, Vivendi    42, avenue de Friedland, 75008 Paris, France
Supervisory Board      
Yannick Bolloré    Chairman of the Supervisory Board, Vivendi, and Chairman and Chief Executive Officer, Havas Group   

29/30, quai de Dion Bouton

Puteaux Cedex 92800 – France

Philippe Bénacin    Vice Chairman of the Supervisory Board, Co-Founder and Chairman and Chief Executive Officer, Interparfums SA    4, rond-point des Champs-Élysées 75008 Paris – France
Tarak Ben Ammar    Chairman of the Board and Managing Director, Quinta Communications    32-34, rue Poussin, 75016 Paris – France Tunisian citizen
Vincent Bolloré    Member of the Supervisory Board, Vivendi    42, avenue de Friedland, 75008 Paris, France
Paulo Cardoso    Assistant Treasurer, Vivendi    42, avenue de Friedland, 75008 Paris, France
Dominique Delport    Global Managing Director and Chief Client Officer, Havas    29/30, Quai de Dion-Bouton, 92800 Puteaux, France
Véronique Driot-Argentin    Training Manager, Vivendi    42, avenue de Friedland, 75008 Paris, France

Aliza Jabès    Chairwoman, Nuxe group    19, rue Péclet, 75015 Paris, France
Cathia Lawson-Hall    Senior Banker and Head of Financial Institutions Group for Africa, Société Générale   

17, Cours Valmy

92800 Paris La Défense 7, France

Sandrine Le Bihan    Group Company Directory and Database Manager, Vivendi    42, avenue de Friedland, 75008 Paris, France
Michèle Reiser    Philosopher    6, place Saint-Germain-des-Prés, 75006 Paris, France
Katie Stanton    Chief Marketing Officer, Color Genomics   

1801 Murchison Dr #128, Burlingame, CA 94010, USA

American citizen