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.
Fastweb and Linkem sign a partnership for the deployment of 5G Fixed Wireless Access services delivering gigabit connectivity in grey areas
The agreement signed today will leverage the existing assets of both companies, enabling a faster and more efficient roll out of two independent 5G Radio Access Networks enhancing both coverage and performance
Fastweb announces Q3 2019 results: 25th consecutive quarter of growth for broadband customer base and margins. Mobile segment keeps outperforming.
For the first nine months of the year Fastweb reports 2.610 thousand customers – up 4% on the same period of 2018 – with a strong growth of ultrabroadband customers, reaching 1.607 thousand, up 23% year-on-year; robust performance also for revenues, at Euro 1.584 million (up 4,5% compared to previous year) and EBITDA at Euro 529 million (+5% on a comparable basis). Despite intense competition, mobile keeps growing at double digits: 1.742 thousand customers at the end of Q3, up 32% compared to previous year.
Fastweb announces Q2 2019 results: 24th consecutive quarter of growth for broadband customer base and margins. 27% and 29% increase for mobile and ultrabroadband customers. Convergent customers reach 33% of total.
At June 30th Fastweb reports 2,6 million wireline customers – up 4% on 2Q 2018 - and revenues of 1.049 million Euro, up 4% on previous year, with EBITDA at 339 million Euros (+5% on comparable basis) and investments at 297 million euros (28% of revenues). Another quarter of robust growth for ultrabroadband customers (1.549.000, +29% on 2Q 2018) and of mobile (1.629.000 active SIM, +27% on previous year). 33% of Fastweb customers are convergent, taking both mobile and wireline services
Fastweb is the fifth Italian mobile operator
After the release of the MNO general authorization Fastweb has concluded the two-year path that has allowed its transformation from a virtual mobile operator to one with its own infrastructure