Fastweb (telecommunications company)

Last updated
FASTWEB S.p.A.
FormerlyFastWeb S.p.A. (1999-2004)
Company type Private
BIT: FWB
ISIN IT0001423562
Industry Telecommunications
FoundedSeptember 1999;25 years ago (1999-09)
Founder
Headquarters
Milan
,
Italy
Area served
 Italy
Key people
Services Fixed and mobile telephony, Broadband Internet, IPTV
Number of employees
3417
Parent Swisscom
Subsidiaries Flash Fiber (20%)
Website fastweb.it

FASTWEB S.p.A. (formerly FastWeb S.p.A.) is an Italian telecommunications company that provides fixed and mobile telephony, broadband Internet and IPTV services. It is also one of the prominent companies in Italy providing FTTH connections, and is a subsidiary of the Swiss telecommunication company Swisscom AG. [1] [2]

Contents

In May 2007, Swisscom paid €3 billion for 82.4% of FASTWEB. [3] Swisscom subsequently bought out the minority shareholders after making a voluntary tender offer in September 2010. Therefore, FASTWEB has been delisted from Borsa Italiana.

History

Founding

FastWeb was founded in 1999 in Milan as a joint venture between e.Biscom (founded by Silvio Scaglia, Francesco Micheli, and Ruggero Gramatica) and AEM, with the intention of developing a fiber-optic network and IP services in Italy.

In March 2000, e.Biscom went public on the Italian New Market Stock Exchange to expand and finance their fiber-optic network in major Italian cities. [4] e.Biscom soon became the first operator in the world to use full IP technology and bring fiber-optic networks to cities, and launched home telecommunication services. [5] In 2002, fiber-optic cabling was completed in Milan, and FastWeb consolidated its presence in Rome, Genoa, Turin, Naples, and Bologna.

e.Biscom merger

e.Biscom announced a possible merger with FastWeb in early 2004, and the merger was finalized by the end of April. [6] The company took on FASTWEB's name, and focused on its core business, creating broadband telecommunications on the Italian landline network. [7]

Expansion and technological achievements

By 2006, FASTWEB's broadband network had expanded to cover about 45 percent of Italy's population, and later that year, FASTWEB won both a Consip and a Centro Nazionale per l'Informatica nella Pubblica Amministrazione (CNIPA) tender for the Public Connectivity System (SPC) becoming a supplier to relevant public authorities. [8]

Swisscom acquisition

By 2006, FASTWEB was Italy's leading alternative broadband telecommunications provider, boasting over one million customers and an annual revenue of €1.26 billion. In early 2007, FASTWEB was bought by Swisscom, a major Swiss telecommunications provider, to strengthen new technologies and multimedia for Swisscom, while increasing cash flow and revenue. [5]

Expansion under Swisscom

In 2008, FASTWEB launched connections of up to 100  Mbit/s for small and medium enterprises in areas served by its fiber-optic network, making this connectivity speed available in Italy for the first time. Over the next year, FASTWEB signed an agreement with Telecom Italia to promote the development of fiber-optic next-generation networks (NGN) by sharing infrastructure. [8]

FASTWEB worked to continue expanding faster services, and in 2010, their Fibra 100 service became available to residential consumers, and two million homes and businesses had the ability to use the Internet at 100 Mbit/s for the first time in Italy. [8]

In 2015, FASTWEB launched a mobile virtual network operator (MVNO) using the TIM network, to ensure better quality and coverage, including access to 4G and 4G+. [8]

After continuing to grow, in 2018 FASTWEB acquired Tiscali's fixed-wireless business, including full ownership of Tiscali's 5G, 3.5  GHz spectrum, in a deal worth approximately $176 million. [9]

On 15 March 2024, Swisscom agreed to acquire Vodafone Italy for €8 billion. As part of the agreement, Vodafone will continue to provide certain services, such as branding, to FASTWEB for up to 5 years. [10] [11] [12] [13] [14] [15]

Network and services

Since its founding FASTWEB has invested over €5 billion in a next-generation fiber-optic network spanning more than 32,000 km (20,000 mi). By implementing the Internet Protocol on its alternative fiber-optic network, FASTWEB provides a Triple-Play Offer of landline, internet and television services, available simultaneously on a single connection, for residential and business clients.

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 (MVNO) and launched its mobile voice and data service (Quadruple Play).

In July 2019 became the fifth mobile network operator in Italy by obtaining the license to operate on 5G network. [16]

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.

Company structure

Source: [17]

Major shareholders

Major holdings

See also

Other sources

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References

  1. ↑ "Company Profile". FASTWEB Company Information. Retrieved 2017-04-29.
  2. ↑ "The Group Structure". FASTWEB Company Information. Retrieved 2017-04-29.
  3. ↑ "Swisscom Buys FastWeb". LightReading. 2007-05-16.
  4. ↑ "Fastweb SPA | Towards Real Energy-efficient Network Design". www.fp7-trend.eu. Retrieved 2018-08-24.
  5. 1 2 "Swisscom intends to acquire Fastweb, the successful broadband operator in Italy | Swisscom". www.swisscom.ch. Retrieved 2018-08-24.
  6. ↑ "eBiscom and FastWeb to Merge? | Light Reading". Light Reading. Retrieved 2018-08-24.
  7. ↑ "eBiscom, FastWeb Merger Approved | Light Reading". Light Reading. Retrieved 2018-08-24.
  8. 1 2 3 4 "Fastweb - History and Innovation". Fastweb.it. Retrieved 2018-08-24.
  9. ↑ "Eurobites: Fastweb Buys Tiscali's Fixed-Wireless Biz, 5G Spectrum | Light Reading". Light Reading. Retrieved 2018-08-24.
  10. ↑ Times, The Swiss (2024-02-28). "Swisscom Want to Buy Vodafone & Merge it With Fastweb". The Swiss Times. Retrieved 2024-03-15.
  11. ↑ Doran, Neal; Purnell2024-02-28T13:34:00, Joseph. "Vodafone lines up Italy escape, taking €8bn in Fastweb cash". TelcoTitans.com. Retrieved 2024-03-15.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ↑ Sharma, Ray. "Swisscom to Acquire Vodafone Italia from Vodafone Group, to Merge with Fastweb". www.thefastmode.com. Retrieved 2024-03-15.
  13. ↑ "Swisscom buys Vodafone Italia in $8.7 billion deal". Yahoo Finance. 2024-03-15. Retrieved 2024-03-15.
  14. ↑ "Swisscom to Buy Vodafone's Italian Business for €8 Billion". Bloomberg.com. 2024-03-15. Retrieved 2024-03-15.
  15. ↑ Lead, Telecom (2024-03-15). "Swisscom Announces EUR 8 Billion Acquisition Deal with Vodafone Italia". TelecomLead. Retrieved 2024-03-15.
  16. ↑ "fastweb diventa il quinto operatore italiano". Fastweb.it.
  17. ↑ "Fastweb - Governance". www.fastweb.it. Retrieved 2019-07-24.
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