Diversified Telecommunication Services
Company Overview of FASTWEB S.p.A.
FASTWEB S.p.A. provides alternative fixed-line telecommunications and mobile services in Italy. The company offers fixed and mobile broadband Internet and landline, voice and data, value added, and security and converging communications services; and cloud computing applications. It serves homes, small and medium-sized enterprises, large companies, and the public administration sector. The company was formerly known as e.Biscom S.p.A. and changed its name to FASTWEB S.p.A. in December 2004. FASTWEB S.p.A. was founded in 1999 and is headquartered in Milan, Italy. The company operates monobrand shops in Milan, Roma, Bologna, Padova, Turin, Genova, Naples, Bari, Catania, Sesto Fiorentino, Pesca...
Via Caracciolo 51
Milan, MI 20155
Founded in 1999
Key Executives for FASTWEB S.p.A.
Chief Executive Officer and General Manager
Compensation as of Fiscal Year 2014.
FASTWEB S.p.A. Key Developments
Fastweb Unveils Plan to Bring Fibre to 100 Italian Cities
Sep 29 14
Fastweb has announced a new plan to expand its next-generation access network to over 100 Italian cities by the end of 2016. The new project comes two years after the operator initiated a EUR 400 million investment plan to bring fibre to 20% of Italian households and companies by the end of 2016. With the September 2012 initiative nearing completion, Fastweb has now pledged to bring ultrafast broadband to 27% of the population or 7.5 million households and businesses in over 100 cities by the end of 2016, some 2 million more than its original plan. Around 5.5 million households and businesses will have access to the operator's FTTC (fibre to the cabinet) network, while a further 2 million will be connected to Fastweb's FTTH (fibre to the home) network.
Fastweb Reports Earnings Results for the Six Months of 2014
Aug 20 14
Fastweb reported earnings results for the six months of 2014. The company reported stable revenue or slightly increasing revenue. Strong performance, strong trends on the EBITDA level, 12% increase of EBITDA year-on-year. And the company had EUR 236 million of EBITDA in the first half year. And removing the net positive effect of the lowering unbundling prices, LLU prices, even then there was a good increase, a strong increase in EBITDA by over 5%. CapEx of Fastweb represents an increase of CHF 31 million. That's due to the ongoing rollout of Fiber to the Street project. Normalized EBITDA growth was CHF 18 million.
Fastweb Reports Earnings Results for the First Quarter of 2014
May 7 14
Fastweb reported earnings results for the first quarter of 2014. For the quarter, the company reported revenues of EUR 396 million, a 0.5% fall compared to a year earlier, which it attributed to a gradual withdrawal from the wholesale hubbing market. Excluding hubbing, revenues rose by EUR 5 million, or 1.3% year-on-year, while EBITDA also increased to EUR 108 million, an 11.3% growth compared to the first quarter of 2013, driven by lower unbundling prices and reducing operating costs. Capital expenditure rose by EUR 16 million, or 12.7%, to EUR 142 million due above all to continued spending on the expansion of its fibre-optic network.
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