BRIEF-JP Morgan trims long position in Telecom Italia
Jan 15 (Reuters) - A filing with Italian market regulator Consob shows:
* JP Morgan said on Jan. 7 it had cut long position in Telecom Italian held through JP Morgan Securities to 9.982 percent
* JP Morgan's position consists of a 4.828 percent actual stake, a potential stake of 2.438 percent and other long positions worth 2.716 percent
* A Consob filing on Dec. 7 showed JP Morgan had a long position in Telecom Italia equivalent to 10.134 percent stake. The actual stake at the time was of 4.515 percent while the rest was held through call options.
* JP Morgan said the last date in which call option contracts related to its potential stake in Telecom Italia can be exercised is July 17 2017 and not July 7 2017 as said in December
* JP Morgan declined to comment Further company coverage: (Reporting by Milan Newsroom)
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