Fastweb (telecommunications company)
|Key people||Mario Rossi (Chairman ad interim), Ueli Dietiker (Vice-Chairman), Alberto Calcagno (General director)|
|Revenue||€1,88 billion (2010)|
|Net income||-€72,4 million (2010)|
FASTWEB S.p.A. is an Italian Telecommunications company and it provides Landline, Broadband Internet, Digital TV services. Fastweb is also one of the most important companies in Italy providing FTTH connections. Today 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. With FASTWEB, users can make VoIP calls (Voice over IP) on their home phones and surf the Internet at the top access rate available today in Italy. 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. With FIBRA 100, FASTWEB has confirmed its technological leadership in broadband access in Italy. In September 2008, FASTWEB became also a Mobile Virtual Network Operator and launched its Mobile Voice and Data service (Quadruple Play) revolutionizing its residential offer in order to make it even more convergent.
The Cable Television and IPTV services were developed by Fastweb themselves as the technology market in 2000 was not mature enough to offer the level of sophistication required to deploy and manage a premium service. Fastweb rapidly became the leading reference worldwide for how to create and build an IPTV platform, employing a mixture of own developed Middleware and Set Top Box software.
On the business market, FASTWEB is the provider of choice in terms of service reliability and price-performance. 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.
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