Savings shares' holders accepting the conversion would give a cash payment. Telecom Italia Board Proposes Share Conversion -- Update," at 4:13 p.m. ET and a second update at 5:37 p.m. ET, incorrectly said holders would receive a payment in the fifth paragraph and sixth paragraphs, respectively.

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(END) Dow Jones Newswires

November 05, 2015 18:38 ET (23:38 GMT)

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