FASTWEB S.p.A.

News and overview for FASTWEB S.p.A.

Light Reading Europe - Video - Fastweb Reports Q3 - Telecom News Wire
Light Reading | 15 days 18 hours 48 minutes ago
MILAN -- The Board of Directors of FASTWEB S.p.A. (Milan, MTAX: FWB) today approved the financial results for the nine months to 30 September 2009. The total number of clients as of 30 September 2009 was 1,605,200, an 8% increase from 1,482,500 at the end of 2008. Since the Italian market grew by an estimated 7% over the same period, FASTWEB was able to further increase its market share.

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Company Overview

Company:	FASTWEB S.p.A.
Industry:	Data Network Operators
Website:	http://www.fastweb.it

FastWeb delivers on its name and a lot more. The leading alternative fixed-line broadband telecom services provider in the country (after incumbent carrier Telecom Italia), the company provides more than 1 million consumer and enterprise customers in Italy with voice, data, and video service. Its e.BisMedia subsidiary provides traditional broadcast, pay-per-view, and video-on-demand television service; e.BisMedia also has a joint venture with state-owned TV broadcaster RAI (RAI-Click) that broadcasts RAI's content over FastWeb's TV platform. FastWeb also provides mobile voice services. Swisscom acquired a majority stake in the company in 2007 for about $5.7 billion; it now holds about 82% of FastWeb.

Key Numbers

Sales in U.S. Dollars (mil.)	2,582.8 (2008)
One-year % Growth in Sales	10.3 (2008)
Net Income in U.S. Dollars (mil.)	8.5 (2008)
One-year % Growth in Net Income	0.0 (2008)
Number of Employees	0 (0)
One-year % Growth in Number of Employees	0.0 (0)
Fiscal Year-End	December