October 24, 2016 6:12 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


Founded in 1999


39 02 45451


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 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.

Fastweb Announces Earnings Results for the First Half of 2016

Fastweb announced earnings results for the first half of 2016. For the period, the company reported revenues of EUR 881 million, +2% on EUR 862 million in the previous year. EBITDA hit EUR 335 million, from EUR 260 million in first half of 2015. Excluding extraordinary items, EBITDA was EUR 280 million (+8%). The free cash flow rose to EUR 67 million.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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