Fastweb
| Fastweb SpA | |
|---|---|
| legal form | Corporation |
| ISIN | IT0001423562 |
| founding | 1999 |
| Seat | Milan , Italy |
| management |
|
| Number of employees | 3,400 (June 30, 2008) |
| sales | 1,433,000,000 EUR (2007) |
| Branch | telecommunications |
| Website | www.fastweb.it |
Fastweb SpA is an Italian telecommunications company that offers broadband services and acts as a mobile operator in collaboration with Wind Tre .
Companies
Fastweb is Italy's second largest fixed network operator and the leading provider of IP -based multimedia services . In 2007, Fastweb generated annual sales of 1.433 billion euros and had 1.313 million customers. As of June 30, 2008, half-yearly sales were already 814 million euros, which corresponds to a growth of 14 percent compared to the same period last year. The number of customers increased to 1.398 million. For the first time in the company's 8-year history, a net profit was generated in the first half of 2008, after the high investments in the future-oriented infrastructure had a negative impact on the operating result in the first few years.
Business area
The business field is broadband technology , with which Fastweb offers telephone, Internet and television services via the most modern broadband networks based entirely on the Internet protocol .
Company data
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|
| Annual turnover (in EUR million) | 42 | 158 | 320 | 529 | 720 | 968 | 1,260 | 1,433 |
| EBITDA (in EUR million) | −40 | −110 | −35 | 111 | 219 | 305 | 425 | 480 |
| EBIT (in EUR million) | −74 | −233 | −269 | −205 | −77 | −107 | −88 | 98 |
| Net profit (in EUR million) | −103 | −136 | −195 | −332 | −99 | −125 | −124 | −125 |
| net annual new investments (in EUR million) | 227 | 603 | 657 | 458 | 430 | 683 | 529 | 541 |
| Number of customers (in thousands) | 5 | 49 | 176 | 331 | 496 | 714 | 1,062 | 1.313 |
Ownership
As of June 30, 2008
| 82.1% | Swisscom Italia Srl |
| 17.9% | Free float |
history
In September 1999, the company e.Biscom was founded in Milan as a holding company and several companies operating under its roof, including Fastweb, which was responsible for telecommunications services. The aim of e.Bescom was to develop a completely new generation of data transmission technology as an alternative to traditional means of telecommunications.
In the first few months after it was founded, an extensive fiber optic network was laid in the greater Milan area. In order to finance growth and to expand the fiber optic network to the most important Italian cities, the company went public on the Milan stock exchange in the Nuovo Mercato segment, the market for young companies , in March 2000 .
In 2001, e.Biscom was the first provider worldwide to launch fully IP -based broadband, voice and TV services, which were further expanded in 2002. In 2003, e.Biscom expanded its TV services with the live broadcast of the football matches of the Italian championship via IPTV . The video on demand and the entire TV offer were also transmitted via ADSL for customers who were not connected to the fiber optic network . In 2003, e.Biscom was the first telecommunications company worldwide to achieve triple play , i.e. H. the bundled offering of TV, Internet and telephone services.
In June 2003, the shares of e.Biscom were included in the FTSE MIB index, which contains the 40 most important listed companies in Italy.
In December 2004, as part of a reorganization, e.Biscom and Fastweb merged under the company name Fastweb. The aim was to complete the previously initiated focus on the core business , i.e. the provision of broadband-based multimedia fixed network services in Italy. Since then, Fastweb has been on an impressive expansion course and has risen to become the second largest fixed network operator and the leading provider of IP-based telecommunications services in Italy.
Takeover by Swisscom
In May 2007, the Swiss telecommunications group Swisscom took control of Fastweb with a share of 82.2 percent. The aim of this acquisition is to strengthen Swisscom by further developing the Swisscom infrastructure, offering broadband-based multimedia applications and the expected increase in sales and earnings. Fastweb will remain an independent company and Fastweb's operational business will continue to be managed separately.
In September 2010 Swisscom announced that it would like to buy the remaining shares in Fastweb.
Web links
Individual evidence
- ↑ Fastweb e Wind Tre uniscono le reti: accordo per 4G, 5G e fibra ottica. Retrieved May 18, 2020 (Italian).
- ↑ Media release of May 15, 2007: Successful takeover offer from Swisscom for Fastweb ( Memento of September 30, 2007 in the Internet Archive ) (PDF; 56 kB)
- ↑ Swisscom wants to buy remaining shares in Fastweb . wirtschaft.ch. September 8, 2010. Accessed May 31, 2011.