Flash Fiber

Last updated
Flash Fiber S.r.l.
Company type Subsidiary
Industry Telecommunications
FoundedJuly 28, 2016;8 years ago (2016-07-28)
Founder
DefunctApril 1, 2021 (2021-04-01)
Fate Merged into FiberCop
Successor FiberCop
Headquarters,
Italy
Area served
Italy
Products Fiber-optic
Revenue44,000 (2017 [1] )
−7,444,000 (2017 [2] )
Owner
Parent
Website www.flashfiber.it

Flash Fiber S.r.l. was an Italian company active in the telecommunications sector to build or complete FTTH fiber-optic networks. [3]

Contents

Founded in 2016, in 2021 it ceased its activities as a result of the merger by incorporation into the new company FiberCop S.p.A. [4] [5]

History

In 2016, Flash Fiber was born, a joint venture 80% controlled by Telecom Italia and the remaining 20% by Fastweb, established with the aim of accelerating the construction of ultra-broadband infrastructures. In particular, based on the Coinvestment Agreement, Flash Fiber aims to build fiber-optic networks in FTTH (fiber-to-the-home) architecture in 29 cities. [3]

In March 2020, TIM (formerly Telecom Italia) created a new wholesale company called FiberCop, into which it will merge the secondary fiber and copper network, from cabinets to homes, and KKR will acquire a 40% stake equal to 1.8 billion on the basis of an enterprise value of 7.5 billion. [4]

Subsequently, in August 2020, Fastweb entered FiberCop by selling its share in Flash Fiber. [6]

In April 2021, Flash Fiber definitively ceased its activities in favor of the new company FiberCop, managed by TIM (58%), KKR (37.5%) and Fastweb (4.5%). [7]

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References

  1. https://www.flashfiber.it/wp-content/uploads/2018/11/bilancio_2017_EN.pdf
  2. https://www.flashfiber.it/wp-content/uploads/2018/11/bilancio_2017_EN.pdf
  3. 1 2 Ziggiotto, Simone (2017-02-13). "Flash Fiber, Telecom e Fastweb insieme per Fibra in FTTH". PianetaCellulare.it (in Italian). Retrieved 2017-02-14.
  4. 1 2 Anastasio, Paolo (2020-03-11). "Tim creerà FiberCop con Kkr in vista di possibile accordo con OpenFiber". Key4biz (in Italian). Retrieved 2021-08-13.
  5. Ferrante, Alberto (2021-04-01). "Fibra ottica: perfezionata l'operazione Fibercop, la joint venture FlashFiber cessa le attività". MondoMobileWeb.it | Telefonia | Offerte | Risparmio (in Italian). Retrieved 2021-08-13.
  6. Ferrante, Alberto (2020-08-13). "Fastweb: FlashFiber sarà assorbita da FiberCop, operazione chiave per il piano strategico". MondoMobileWeb.it | Telefonia | Offerte | Risparmio (in Italian). Retrieved 2021-08-13.
  7. "Tim: Kkr e Fastweb in Fibercop, operativa da oggi - Economia". Agenzia ANSA (in Italian). 2021-04-01. Retrieved 2021-08-13.

See also