Fastweb (telecommunications company)
Line
- Alberto Calcagno (CEO)
- Mario Rossi ( Chairman, ad interim)
FASTWEB SpA is an Italian telecommunications company, mainly offering broadband services.
Business
Fastweb is Italy 's second largest fixed network operator and the leading provider of IP-based multimedia services. 2007 Fastweb generated a turnover of 1.433 billion euros and had 1.313 million customers. As at 30 June 2008, the semi-annual sales had increased to 814 million euros, representing a growth of 14 percent over the same period last year. The number of customers has thereby increased to 1.398 million. The first time a net profit was generated in the first half of 2008 in so far only 8 years of corporate history, after the heavy investments have loaded in the forward-looking infrastructure, operating income in the first years.
With an annual turnover of 1.433 billion euros in the seventh year after the founding Fastweb is one of the fastest growing companies in the world at all, even if well below a year earlier founded Google Inc.
Business
The business area is in the broadband technology, telephone, Internet and television services offering with the Fastweb via state completely based on the Internet protocol broadband networks.
Company data
Ownership
Stand June 30, 2008
History
In September 1999, the company e.Biscom was founded as a holding as well as several operating companies under its umbrella company in Milan, including Fastweb, which was responsible for telecommunications services. The aim of e.Bescom was the development of an entirely new generation of data transmission technology as an alternative to the traditional telecommunications.
Already in the first months after the establishment of an extensive fiber optic network has been installed in the metropolitan area of Milan. In order to finance growth and expand the fiber optic network to the main Italian cities took place in March 2000, the IPO on the Milan Stock Exchange in the Nuovo Mercato segment, the market for young companies.
In 2001 e.Biscom launched the first supplier worldwide fully IP - based broadband, voice and TV services, which were further expanded in 2002. 2003 supplemented e.Biscom its TV services with the live broadcast of football matches of the Italian championship over IPTV. The Video on Demand and the entire TV offer was transmitted to customers who were not connected to the fiber optic network also has ADSL. This ensured e.Biscom in 2003 was the first telecommunications company in the world, the triple play, ie the combined offering of TV, Internet and telephone services.
In June 2003, the shares of e.Biscom were included in the FTSE MIB Index, in which the top 40 listed companies in Italy are included.
In December 2004, a reorganization e.Biscom and Fastweb was merged under the name of Fastweb in the course. The aim was to complete the previously introduced focusing on the core business, ie, the provision of broadband-based multimedia fixed services in Italy. Since then, Fastweb is on an impressive expansion and has risen in Italy 's second largest fixed-line operator and the leading provider of IP-based telecommunications services.
Acquisition by Swisscom
In May 2007, the Swiss telecommunications group Swisscom has taken control of Fastweb with a share of 82.2 percent. The purpose of this acquisition is to strengthen the Swisscom through the development of infrastructure, Swisscom, offering broadband-based multimedia applications and an expected revenue and earnings increase. Fastweb will remain an independent company and the operations of Fastweb will continue to be managed separately.
In September 2010, Swisscom announced that she wants to buy the remaining shares in Fastweb.