Fastweb announces Q3 2020 results: 29th consecutive quarter of growth for broadband customers, revenues and margins.
For the first nine months of the year Fastweb reports 2.704 thousand customers – up 4% on the same period of 2019 – and revenues at 1.674 million Euro, (+ 6% on previous year). Margins grow too with EBITDA-aL at 529 million Euro (+5% compared to third quarter 2019). Mobile segment continues its double digits growth: 1.889 thousand customers at the end of Q3, up 14% compared to previous year.
Cyber security, Fastweb acquires 70% of the 7Layers company
The 7Layers agreement is also part of the broader strategy of the positioning of Fastweb in the market as an OTT Infrastructured operator, also within the Cyber Security field, a component that is increasingly more relevant for the Enterprise sector.
Fastweb announces first half 2020 results: 28th consecutive quarter of growth for broadband customers, revenues and margins
At June 30th Fastweb reports 2,692 million wireline customers – up 4% on 1H 2019 – and revenues for 1.105 million Euro, up 5% on previous year. Margins register growth with EBITDA-AL marking a +5% compared to previous year. Also in the second quarter of the year – despite the Covid-19 emergency and the extensive use of smart-working by 100% of employees – Fastweb strengthened its position in the market ensuring full operativity of network and cloud services to its customers.
Fastweb and Linkem extend their agreement for the deployment of 5G Fixed Wireless Access networks in digital divide areas
The deal signed today extends the footprint of 8 million households envisaged by the original agreement signed in December to an additional 4 million households in digital divide areas. The 5G FWA represents an efficient and cost-effective solution to bring ultra-broadband connectivity in areas with low population density.
Fastweb acquires Cutaway to allow continued growth in the Cloud and ICT services market
Fastweb has embarked on the acquisition of Cutaway, a company specialising in ICT projects, and of its subsidiary Cutaway Solution, with the aim of strengthening its position as a Cloud services provider in the Enterprise market through the development innovative, reliable and secure solutions and the consolidation of its internal ICT competence centre.
Fastweb announces Q1 2020 results: 27thconsecutive quarter of growth for broadband customer base and margins. Networks coped well with traffic surge and ready to support further connectivity needs related to the COVID outbreak
For the first three months of the year Fastweb reports 2,659 million wireline customers – up 3% on 1Q 2019 - and revenues of 543 million Euro, up 6% on previous year. Fastweb wireline infrastructure proved capable to manage increased data traffic without disruption and ready to cope with further evolutions and connectivity needs of families and business.
Fastweb announces financial results for fiscal year 2019: another outstanding year with customers and margins growing for the 26th consecutive quarter. Operating Free Cash Flow proxy over 100 million Euro.
At December 31st 2019 Swisscom Group Italian subsidiary reached 2.637.000 wireline customers, +3,5% year over year. Overall revenue of Fastweb increased 5,4% to 2.218 million Euro. EBITDA reported grows to 750 million Euro, +5% on previous year on comparable basis.Outstanding performances for all market segments, with Enterprise Business Unit reaching a market share in terms of revenues of 33%. Another year of remarkable growth for 4G mobile service, with 1.806.000 customers, up 26% on previous year.