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retelit spa (LIT) Details

Retelit S.p.A., together with its subsidiary, e-via S.p.A, provides telecommunications infrastructures and data transmission services to telecommunication and Internet operators, system integrators, and the public administration and large companies in Italy. The company offers Dark fibre that includes leasing and granting an indefeasible right of use (IRU), or sale of one or more fibre pairs along the network infrastructure; and conduits, a service, which consists of leasing, granting an IRU, or sale of one or more conduits along the network infrastructure. It also provides data transport services, which comprises B-Link, a first mile Ethernet service that offers symmetrical Ethernet transport on copper or radio carriers through direct circuits with capacity from 2 Mbps up to 100 Mbps. In addition, the company offers broadband transmission services, such as C-Link, a service consisting of the transport of direct dedicated circuits with a capacity from 64 Kbps to 100 Gbps; and E-Link, a service that comprises the transport in transparent mode of the Ethernet protocol on optical fibre from 10 Mbps up to 10GigaEthernet. Further, it provides IP-Link, an IP transit or IP access service; Video Ip-Link, a service that enables video contribution transport from fixed studios to control room; optical virtual private networks (VPN) solutions, VPN solutions based on VPLS technology, and IP multi-protocol label switching VPN solutions; and CPE management service, a solution designed to provide a network device at customer sites. Additionally, the company offers data centre services, including housing and co-location services comprising the renting of prepared racks and/or spaces available within the data centers; and data backup/storage and disaster recovery services. As of August 8, 2014, it owned approximately 7,700 kilometers of fibre optics that connects 8 metropolitan networks and 18 data centers. The company was founded in 1999 and is headquartered in Milan, Italy.

Founded in 1999

retelit spa (LIT) Top Compensated Officers

Chief Executive Officer, Managing Director, C...
Total Annual Compensation: €59.0K
Compensation as of Fiscal Year 2012.

retelit spa (LIT) Key Developments

Retelit Introduces On-Demand Cloud Storage Service

Retelit announced that the company has unveiled a new on-demand cloud-based storage product, dubbed 'e-via Cloud Storage', for medium and large businesses looking to expand their storage and disaster recovery environments. The e-via cloud storage package is based on Retelit's fibre-optic network infrastructure and data centres and is offered as IaaS (Infrastructure as a Service), with a view to driving down hardware and software costs. The service can be acquired on a pay-per-use basis, according to the customer's expansion requirements (e.g. 2 TB, 7 TB or 10 TB), and also includes the option to install additional software to manage the backup processes at the customer's site or on virtual machines at the data centre. Retelit launched its business-oriented portfolio of services under the e-via brand back in July. The portfolio is structured into three families of customisable services: Net&Work for network products, Conn&ction for internet services, and Safe&Space for data centre services.

Retelit S.p.A. Reports Consolidated Earnings Results for the First Nine Months Ended September 30, 2014

Retelit S.p.A. reported consolidated earnings results for the first nine months ended September 30, 2014. Consolidated operating revenues and income at 30 September 2014 was €26.9 million, represent a decrease of 6.2%, compared to €28.7 million in the first nine months of 2013, largely attributable to the unexpected termination - taking effect as of June 2013 - of a contract for international connectivity services, due to the specific operating requirements of the client. EBITDA was €5.9 million, shows a reduction of 22.1% compared to the same period of the previous year, when it stood at €7.6 million. Consolidated LBIT was recorded at €2.9 million compared to €2.4 million in the first nine months of 2013. The consolidated net loss was €1.8 million, compared to €1.3 million for the same period last year.

Retelit to Invest EUR 70 Million in AAE-1 Undersea Cable

Retelit has revealed that it will invest a total of EUR 70 million in the project to build the Asia-Africa-Europe 1 (AAE-1) cable system, scheduled for completion in 2016. The 25,000-kilometre undersea cable network system will connect Hong Kong, Djibouti, UAE, Singapore, Vietnam, Malaysia, Thailand, India, Pakistan, Oman, Qatar, Yemen, Saudi Arabia, Egypt, Greece, Italy and France with 100 Gbps technology and a 40 Tbps capacity. The company will invest an initial EUR 58 million, followed by around EUR 12 million depending on the development of the business.


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