Diversified Telecommunication Services
Company Overview of FASTWEB S.p.A.
FASTWEB S.p.A. provides alternative broadband landline telecommunications services to residential and business customers in Italy. It operates an all-IP network, with access in fiber and xDSL technology, and provides various services, including fixed telephone, Internet, voice over Internet protocol, and mobile telephony services; data, voice, and exchange management services; video services; and information and communication technology value added services, such as messaging and unified communication systems. The company also markets personal computers and TVs, as well as operates a private virtual network. In addition, it owns FASTWEB TV, which offers programs from the analogue channels, s...
Via Caracciolo 51
Milan, MI 20155
Founded in 1999
Key Executives for FASTWEB S.p.A.
Head of Technologies and Customer Operations
Head of Public Relations and Public Affairs
Compensation as of Fiscal Year 2013.
FASTWEB S.p.A. Key Developments
Fastweb Launches New SME-Oriented Offers
Oct 24 13
Fastweb has updated and expanded its range of offers for small and medium-sized enterprises and added new videoconferencing, hospitality, wireless and security services.
Fastweb Signs Agreement with European Investment Bank for a EUR 300 Million Loan
Aug 23 13
Fastweb has signed an agreement with the European Investment Bank for a EUR 300 million loan to help develop its broadband network. The EIB loan is part of a bigger financing package worth EUR 750 million to cover work until the end of 2015.
Fastweb Announces Earnings Results for the First Half of 2013; Provides Earnings Guidance for the Second Half of 2013
Aug 7 13
Fastweb announced earnings results for the first half of 2013. Fastweb's underlying revenues decreased by CHF 15 million. Fastweb's EBITDA contribution, without exceptionals, came down by CHF 27 million. Fastweb's capital expenditure rose by CHF 40 million or 14% to CHF 350 million due to the expansion of the fiber optic network in Italy. Excluding the desired managed reduction of low-margin hubbing revenues, net revenue is lower -- is EUR 30 million lower than previous year. The decline is mainly due to one-off revenues in the wholesale in 2012 in first quarter. Reporting EBITDA reached CHF 210 million. Without the FTTS rollout, CapEx decreased by CHF 60 million.
In the second half of 2013, it expects to generate more EBITDA than in the first half.
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