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June 02, 2015 6:44 PM ET

Diversified Telecommunication Services

Company Overview of FASTWEB S.p.A.

Company Overview

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

Italy

Founded in 1999

Phone:

39 02 45451

Fax:

39 02 45 45 48 11

Key Executives for FASTWEB S.p.A.

Chief Executive Officer, General Manager and Director
Age: 42
Chief Financial Officer
Age: 46
Chief Institutional & External Relations Officer and Pr and Public Affairs Director
Age: 55
Chief Enterprise Officer
Age: 51
Chief Wholesale Officer
Age: 47
Compensation as of Fiscal Year 2014.

FASTWEB S.p.A. Key Developments

Fastweb Wins EUR 3 Million Palermo Video Surveillance Contract

Fastweb has been awarded a EUR 3 million contract to install an advanced anti-vandal video surveillance system in 158 schools throughout the Sicilian capital of Palermo. The system will be operational 24 hours a day and a special monitoring centre with trained professionals will immediately alert the police in the event of any unauthorised attempts to enter the city's nursery, primary and secondary school buildings. The aim is to install the system within the next six months and, if successful, proceed to a second phase bringing the total number of schools involved in the project to 280.

Fastweb Reports Earnings Results for the First Quarter of 2015

Fastweb reported earnings results for the first quarter of 2015. For the quarter, the company reported revenues of EUR 429 million, an 8% increase compared to a year earlier, while EBITDA also rose to EUR 120 million, an 11% annual growth, driven by higher margins and reduced operating costs. Capital expenditure rose by EUR 5 million to EUR 147 million, equivalent to around 34% of revenues, due above all to continued spending on fibre-optic network expansion.

Telecom Italia Signs Memorandum of Understanding with Fastweb on FTTC Technology Development

Telecom Italia has signed a memorandum of understanding with Fastweb to begin testing fibre-and-copper technology that boosts internet connections to stable speeds of 100 Mbps. The agreement runs until December 2016 and the FTTC trials will also involve Alcatel-Lucent and Huawei. The aim is to demonstrate that Enhanced VDSL (E-VDSL) technology can be used by operators to overcome many obstacles, primarily economic but also related to line saturation in cabinets, with a view to meeting the objectives of the European Digital Agenda to bring high-speed broadband of 100 Mbps to 50% of Italy's population by 2020. Field testing will begin in October, when selected Telecom Italia and Fastweb FTTC customers will be connected to the E-VDSL technology and the results of the trial monitored in detail.

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