September 02, 2014 9:06 PM ET

Diversified Telecommunication Services

Company Overview of FASTWEB S.p.A.

Company Overview

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

Italy

Founded in 1999

Phone:

39 02 45451

Fax:

39 02 45 45 48 11

Key Executives for FASTWEB S.p.A.

Chief Executive Officer and General Manager
Age: 42
Chief Financial Officer
Age: 48
Chief Operation Officer
Chief Strategy Officer
Age: 42
Chief Technology Officer
Age: 50
Compensation as of Fiscal Year 2014.

FASTWEB S.p.A. Key Developments

Fastweb Reports Earnings Results for the Six Months of 2014

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

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.

Fastweb Launches an e-Learning Platform

Fastweb has launched an e-learning platform incorporating new didactic methods and multimedia technology at two schools in the city of Ascoli Piceno. The platform is based on Fastweb's broadband network and Cloud Computing technology, which means that students and teachers alike will be able to access classroom content at all times on PCs, tablets or smartphones not only in the schools themselves but also at home and on the move to enable continuous learning. The students taking part in the experiment will be given tablets and dongles for constant access to educational content, allowing them to actively participate in lessons that can be updated in real time by teachers and students with new audio and video content.

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