Fastweb (telecommunications company)

Industry Telecommunications
Founded 1999
Headquarters Milan, Italy
Key people
Mario Rossi (Chairman ad interim), Ueli Dietiker (Vice-Chairman), Alberto Calcagno (General director)
Services Telephone
Broadband Internet
Digital TV
Revenue €1.688 billion (2014)
-€72.4 million (2010)
Owner Swisscom (100%)
Number of employees

FASTWEB S.p.A. is an Italian telecommunications company that provides landline, broadband Internet and digital television services. Fastweb is also one of the prominent companies in Italy providing FTTH connections. Fastweb is fully owned by the Swiss telecommunication company Swisscom.

In May 2007, the Swiss telecommunications company Swisscom paid 3 billion euros for 82.4% of Fastweb. Swisscom subsequently bought out the minority shareholders after making a voluntary tender offer in September 2010. Therefore Fastweb has been delisted from Borsa Italiana.

Network & services

Since 1999, the year it was established in Milan, Fastweb has invested over €5 billion in a new-generation Optical Fiber Network spanning more than 32,000 km. By implementing the internet protocol on its alternative Optical Fiber Network, Fastweb provides a Triple-Play Offer of Landline, Internet and Television services, available simultaneously on a single connection, for residential and business clients. Today the Fiber Network of Fastweb is the most extended in Europe.

In September 2010 and for the first time in Italy, Fastweb launched a broadband connection up to 100 Mbit/s for residential customers and small enterprises in the cities of Milan, Rome, Genoa, Turin, Bologna, Naples and Bari.

In September 2008, Fastweb became also a mobile virtual network operator and launched its Mobile Voice and Data service (Quadruple Play).

Today, business customers account for 60% of the total revenue. On the government market, Fastweb became the main supplier of Fixed Network Telephone and Data services to Central Public Agencies.

See also

External links

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