September 27, 2016 9:57 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: 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 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.

Leonardo and Partners to Supply Security Services to Italian Public Offices

The Consortium of companies led by Leonardo - Finmeccanica, through Consip has won the tender for the supply of digital security services to the Italian Public Offices. The total value of the tender is EUR 600 million. The work-share for Leonardo, agent for the consortium of companies including IBM Italia and Fastweb, amounts to approximately EUR 250 million. Leonardo will play a central role in all phases of the project, considering that security is key to transactions with the Public Offices in guaranteeing data integrity and authenticity. The contract refers to Lot 2 of the framework agreement, sub-divided into 4 Lots, relative to cloud computing services, security, the creation of portals and online services and application cooperation for Public Administrations (PA). The supply of Lot 2 refers to "Digital identity and application security services", divided into two areas of activity. Specifically, one area refers to services for the prevention and management of IT accidents and the analysis of the vulnerabilities of hardware and software components of PA IT systems, applicable in centralized and shared cloud environments as well as single administrations. A second area refers to a broad series of services and tools supporting PA digital identity management, including electronic signature and stamps for validating, storing and guaranteeing conformity and legal validity of electronic documents and from digital copy. The services can be issued centrally or at the headquarters of the administrations providing them based on the type of service and the choices of the various PAs; the agreement is an important step towards standardizing and harmonizing digital security in PA, an essential condition for offering uniform security levels and improving citizen data protection.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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