July 28, 2017 9:48 AM ET

Diversified Telecommunication Services

Company Overview of FASTWEB Spa

Company Overview

FASTWEB Spa operates as a fixed-line telecommunication provider. The company offers ultra-broadband Internet, fiber-to-the-home technology, fiber-to-the-street-cabinet technology, ADSL connection, voice and data, cloud computing application, security and converging communication, and other value-added services. It serves households, corporates, public administration segments, and small and medium enterprises in Europe. FASTWEB Spa was formerly known as e.Biscom S.p.A. and changed its name to FASTWEB Spa in December 2004. The company was founded in 1999 and is based in Milan, Italy with locations in Italy. FASTWEB Spa operates as a subsidiary of Swisscom Italia S.r.l.

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 Spa

Chief Executive Officer, General Manager, Director and Member of Management Board
Age: 45
Chief Financial Officer and Member of Management Board
Age: 49
Chief Enterprise Officer and Member of Management Board
Age: 54
Chief Wholesale Officer and Member of Management Board
Age: 50
Chief Institutional & External Relations Officer
Age: 58
Compensation as of Fiscal Year 2017.

FASTWEB Spa Key Developments

Fastweb Expands 200 Mbps FTTC Service in 19 More Towns Throughout Italy

Fastweb has announced the launch of its 200 Mbps FTTC service in 19 more towns throughout Italy. After having launched a 1 Gbps fibre-optic broadband service in Milan and Turin earlier this year, the operator has now expanded its FTTC network to 13 towns in Lombardy, Lazio, Tuscany and Puglia, with 6 more to follow in July. The service is now active in 119 cities all over Italy, with 73 connecting at 200 Mbps and 46 at 100 Mbps.

Fastweb Reaches Three-Year Deal with Union

Fastweb has signed a three-year deal with trade unions covering performance bonuses, organizational models and flexible hours schedules. Under the terms of the 2017-2019 deal with trade unions Slc Cgil, Fistel Cisl, Uilcom Uil, Ugl Telecomunicazioni and RSU, the company committed to a number of new provisions, including the possibility for all employees to start working between 8am and 10am and to work a shorter week of 38 hours instead of 40 hours during the summer period (16 June to 01 September).

FASTWEB Reports Earnings Results for the First Quarter Ended March 31, 2017

FASTWEB reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company’s total revenues reached EUR 453 million, up EUR 13 million on EUR 440 million in first quarter of 2016. EBITDA (earning before interest depreciation and amortisation) at March 31, 2017 totaled EUR 145 million, up 11% on EUR 131 million in the previous year, The EBITDA margin increased two percentage points, to 32%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 5, 2016
Tiscali SpA , Business Branch
 

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