UPDATE 2-Telecom Italia's CEO says network solid as Elliott cuts stake

Telecom Italia's (TIM) network can cope with the surge in traffic driven by the coronavirus crisis, CEO Luigi Gubitosi was quoted as saying on Wednesday, as U.S. activist hedge fund Elliott Management cut its stake in the group. The strategic role of TIM's telecoms network - as well as the need for an upgrade - has taken centre stage in the healthcare emergency, which has confined Italians to their homes and forced millions to embrace remote working and online le