>>> Telecom Italia Mandatory Conv Bond €1.3b *TELECOM ITALIA SAYS GAVE PRIORITY TO 3 BUYERS ON BONDS (BLACKROCK, TELEFONICA, OCH ZIFF)* BLACKROCK TO INVEST EU200M IN BOND ISSUE * TELEFONICA'S INVESTMENT IS EU103M IN BOND ISSUE * OCH ZIFF CAPITAL MGMT INVESTMENT EU40M IN BOND