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posted:
11/3/2011
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Name Head office Currency Share capital % Ownership



H.R. SERVICES S.r.l. L' AQUILA EUR 500 1,000,000

(personnel training and services) (ITALY)

I.T. TELECOM S.r.l. POMEZIA (ROME) EUR 7.000.000 1,000,000

(other service activities connected with NCA

information technology) (ITALY)

LAN MED NAUTILUS Ltd DUBLIN USD 1.000.000 1,000,000

(installation and management of submarine

cable systems) (IRELAND)

LATIN AMERICAN NAUTILUS ARGENTINA S.A. BUENOS AIRES ARS 9.998.000 950,000

(installation and management of submarine

cable systems) (ARGENTINA) 50,000

LATIN AMERICAN NAUTILUS BOLIVIA S.r.l. LA PAZ BOB 1.747.600 999,943

(installation and management of submarine

cable systems) (BOLIVIA) 0,0057



LATIN AMERICAN NAUTILUS BRASIL Ltda

RIO DE JANEIRO BRL 6.850.598 999,999

(installation and management of submarine

cable systems) (BRAZIL) 0,0001

LATIN AMERICAN NAUTILUS BRASIL

PARTICIPAÇÕES Ltda RIO DE JANEIRO BRL 8.844.866 999,999

(investment holding company) (BRAZIL) 0,0001

LATIN AMERICAN NAUTILUS CHILE S.A. SANTIAGO CLP 13.101.482.259 1,000,000

(installation and management of submarine

cable systems) (CHILE)

LATIN AMERICAN NAUTILUS COLOMBIA Ltda BOGOTA' COP 240.225.000 1,000,000

(installation and management of submarine

cable systems) (COLOMBIA)

LATIN AMERICAN NAUTILUS MEXICO S.A. MEXICO D.F. MXN 100 999,990

(installation and management of submarine

cable systems) (MEXICO) 0,0001

LATIN AMERICAN NAUTILUS PANAMA S.A. PANAMA USD 10 1,000,000

(installation and management of submarine

cable systems)

LATIN AMERICAN NAUTILUS PERU' S.A. LIMA PEN 56.865.179 1,000,000

(installation and management of submarine

cable systems) (PERU)

LATIN AMERICAN NAUTILUS St. Croix LLC VIRGIN ISLANDS USD 10 1,000,000

(installation and management of submarine

cable systems) (UNITED STATES)

LATIN AMERICAN NAUTILUS USA Inc. FLORIDA USD 20 1,000,000

(installation and management of submarine

cable systems) (UNITED STATES)

LATIN AMERICAN NAUTILUS VENEZUELA C.A. CARACAS VEF 981.457 1,000,000

(installation and management of submarine

cable systems) (VENEZUELA)

LOQUENDO SOCIETA' PER AZIONI TURIN EUR 3.573.741 999,846

(research, development and marketing of

technologies, equipment and services for voice

synthesis recognition and/or interaction) (ITALY)

MATRIX S.p.A. MILAN EUR 2.100.000 1,000,000

(internet connection services) (ITALY)

MED 1 (NETHERLANDS) B.V. AMSTERDAM EUR 18.2 1,000,000

(investment holding company) (NETHERLANDS)

MED 1 ITALY S.r.l. ROME EUR 548.477 1,000,000

(construction and management of submarine

cables in Italian territorial waters) (ITALY)

MED 1 SUBMARINE CABLES Ltd RAMAT GAN ILS 55.886.866 999,123

(construction and management of the

submarine cable LEV-1) (ISRAEL)

MEDITERRANEAN NAUTILUS B.V. AMSTERDAM EUR 18.003 1,000,000

(investment holding company) (NETHERLANDS)

MEDITERRANEAN NAUTILUS BULGARIA EOOD SOFIA BGN 100 1,000,000

(telecommunications services) (BULGARIA)

MEDITERRANEAN NAUTILUS GREECE S.A. ATHENS EUR 111.6 1,000,000

(installation and management of submarine

cable systems) (GREECE)

MEDITERRANEAN NAUTILUS ISRAEL Ltd RAMAT GAN ILS 1 1,000,000

(international wholesale telecommunications

services) (ISRAEL)

MEDITERRANEAN NAUTILUS ITALY S.p.A. ROME EUR 3.100.000 1,000,000

(installation and management of submarine

cable systems) (ITALY)

MEDITERRANEAN NAUTILUS

TELEKOMÜNIKASYON HIZMETLERI TICARET 999,996

ANONIM SIRKETI ISTANBUL TRY 5.639.065 0,0001

(telecommunications services) (TURKEY) 0,0001

0,0001

0,0001

% of voting rights Held by



TELECOM ITALIA S.p.A.



TELECOM ITALIA S.p.A.





TELECOM ITALIA SPARKLE



LUXEMBOURG S.A.

LAN MED NAUTILUS Ltd



TELECOM ITALIA SPARKLE LUXEMBOURG S.A.

TELECOM ITALIA SPARKLE LUXEMBOURG S.A.



LATIN AMERICAN NAUTILUS USA Inc.

LATIN AMERICAN NAUTILUS BRASIL

PARTICIPAÇÕES Ltda



LATIN AMERICAN NAUTILUS USA Inc.



LAN MED NAUTILUS Ltd

TELECOM ITALIA SPARKLE LUXEMBOURG S.A.

LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd



LATIN AMERICAN NAUTILUS USA Inc.

LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd





LAN MED NAUTILUS Ltd





TELECOM ITALIA S.p.A.

TELECOM ITALIA S.p.A.



MED 1 SUBMARINE CABLES Ltd



MED 1 (NETHERLANDS) B.V.









TELECOM ITALIA SPARKLE S.p.A.





LAN MED NAUTILUS Ltd





MEDITERRANEAN NAUTILUS B.V.



MEDITERRANEAN NAUTILUS B.V.





MEDITERRANEAN NAUTILUS B.V.





MEDITERRANEAN NAUTILUS B.V.







MEDITERRANEAN NAUTILUS B.V.

LAN MED NAUTILUS Ltd

MEDITERRANEAN NAUTILUS ITALY S.p.A.

MEDITERRANEAN NAUTILUS ISRAEL Ltd

MEDITERRANEAN NAUTILUS GREECE S.A.



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