MILAN, Aug 29 (Reuters) - The world's largest asset

manager BlackRock ( BLK ) has raised its stake in Telecom Italia

(TIM) to 5.1%, a regulatory document seen by Reuters

showed on Friday.

The document, dating the transaction to August 26, indicated

that BlackRock ( BLK ) previously held a 4.977% aggregate stake in the

Italian phone group.

Blackrock's ( BLK ) updated stake includes 3.585% of voting shares,

1.1% potential holdings and 0.414% of other long positions with

cash settlement, the filing showed.

BlackRock ( BLK ) declined to comment.