January 18, 2017 6:48 PM 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: 44
Chief Financial Officer and Member of Management Board
Age: 48
Chief Enterprise Officer and Member of Management Board
Age: 53
Chief Wholesale Officer and Member of Management Board
Age: 49
Chief Institutional & External Relations Officer
Age: 57
Compensation as of Fiscal Year 2016.

FASTWEB Spa Key Developments

Fastweb Reports Earnings Results for the Third Quarter Ended 30 September 2016

Fastweb reported earnings results for the third quarter ended 30 September 2016. For the quarter, net revenues were EUR 437 million, up 3.1% year on year due above all to customer growth, which helped offset a 3% decline in average revenue per residential broadband customer. The company's EBITDA soared by 21.0% year-on-year to EUR 490 million, due in part to a EUR 55 million out-of-court settlement.

Fastweb Invest EUR 5.5 Million to Install a Fibre-Optic Broadband Network in Buccinasco

Fastweb has signed an agreement with the council of Buccinasco near Milan to install a fibre-optic broadband network throughout the town by March 2017. The company said it will invest EUR 5.5 million to roll out 10 km of cables and bring internet access at speeds of up to 200 Mbps to 11,000 households and 1,600 businesses. Earlier this year Fastweb announced that it would be bringing fibre-optic broadband services to 13 million households and businesses in 500 cities by 2020 in a total self-financed investment of EUR 500 million.

Fastweb Reports Revenue Results for the First Half of 2016

Fastweb reported revenue results for the first half of 2016. For the period, the company reported revenue over the first half of 2016 of EUR 881 million, up 2% from EUR 862 million a year earlier. Customer numbers rose by 5% from a year earlier to reach 2.26 million at the end of June. The company said investment rose 2.5% from a year earlier to EUR 268 million, equivalent to 32% of revenue, a level Fastweb claims is unprecedented in the European telecoms sector.

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Recent Private Companies Transactions

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

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