Diversified Telecommunication Services
Company Overview of FASTWEB S.p.A.
FASTWEB S.p.A. provides alternative fixed-line telecommunications and mobile services in Italy. It offers ultra-broadband Internet, fiber-to-the-home technology, fiber-to-the-street-cabinet technology, ADSL connection, voice and data, cloud computing applications, security and converging communications, and other value-added services. The company serves residential customers, small and medium-sized enterprises, large companies/corporations, and the public administration sector. FASTWEB S.p.A. was formerly known as e.Biscom S.p.A. and changed its name to FASTWEB S.p.A. in December 2004. The company was founded in 1999 and is headquartered in Milan, Italy. It has monobrand shops in Milan, Roma...
Via Caracciolo 51
Milan, MI 20155
Founded in 1999
Key Executives for FASTWEB S.p.A.
Chief Executive Officer, General Manager and Director
Chief Institutional & External Relations Officer and Pr and Public Affairs Director
Compensation as of Fiscal Year 2015.
FASTWEB S.p.A. Key Developments
Fastweb Launches New Cyber-Security Services
Nov 20 15
Fastweb has announced the launch of two new cyber-security offerings designed to protect business customers against malware and cyber attacks. The services, dubbed Fast Security Advanced Protection and Fast Security Intelligence, will help companies prepare for and single out advanced attacks and respond in an automatic and timely manner. The services are offered by the company's Security Operations Centre in Milan.
Fastweb Reports Financial Results for the Third Quarter of 2015
Nov 6 15
Fastweb reported financial results for the third quarter of 2015. The company reported third quarter net revenues of EUR 424 million, with a 3% decline in average revenue per residential broadband customer offset by customer growth. The company's EBITDA increased by 9.5% year-on-year to EUR 405 million, with its profit margin also improving by 1.4% points to 31.5%. The company said the improved EBITDA was mainly due to higher revenue from residential customers, which rose by EUR 22 million or 3.9% year-on-year, to EUR 585 million in the nine months to 30 September. Capital expenditure for the third quarter inched up to EUR 124 million from EUR 122 million in the third quarter of 2014, with the company investing almost a third of its net revenue in expanding its fibre-optic network, inaugurating a Tier IV certified data centre in Milan and rolling out its 'Wow Fi' social Wi-Fi service throughout Italy.
Fastweb Announces Earnings Results for the Second Quarter of 2015
Aug 19 15
Fastweb announced earnings results for the second quarter of 2015. For the quarter, the company reported second quarter revenues of EUR 433 million, a 5.6% increase compared to a year earlier or CHF 23 million, while EBITDA rose 9.4% to EUR 140 million due To higher revenues and an increased profit margin. Capital expenditure fell by EUR 10 million to EUR 132 million in the quarter due to lower levels of investment in the latest fibre-optic technology (FTTS).
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