FastWeb (www.fastweb.it) is the leading alternative broadband telecom operator in Italy. The company provides its business and residential clients in the main Italian cities (Milan, Rome, Genoa, Turin, Naples, Bologna and Reggio Emilia) innovative telecommunications services over optical fibre and ADSL, providing an integrated system for the simultaneous use of telephony, high-speed Internet (up to 10M/bs for optical fibre and up to 4Mb/s for ADSL) and video.
During the first half of 2003, FastWeb’s revenues stood at Euro 183,1 million, approximately double those of the first half of 2002. In the first half the Ebitda (earnings before interest, tax, depreciation and amortization) stood at Euro 40,1 million, a significant increase with respect to the Euro -5,5 million of the same period of the previous year.
At the end of June, FastWeb had over 249,000 clients, almost two and a half times those of the same period of 2002 (103,900). FastWeb is owned by e.Biscom SpA, listed at the Milan Stock Exchange (Nuovo Mercato) since March 2000.
Digital terrestrial and satellite channels were added in August 2003, based on technology supplied by Alvcatel. New TV services include: RAI, Mediaset, La7, BBC World, Bloomberg, CNN, Cartoon Network, RAINews 24 and RAISport, together with Video-on-Demand service, with 3,500 titles. Moreover, thanks to the conditions imposed by the European Antitrust Commission, FastWeb TV offers the live broadcast of all football matches for which Sky Italia hold rights. Therefore, more than 120 live TV channels are now available on optical fiber and ADSL.
See also: Italy – Broadband and E-services.
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