Record quarter at FastWeb

Italian broadband provider FastWeb reported a 50% jump in first quarter sales and profits thanks to record subscriber growth. The firm saw revenues of EUR289 million in the three months to the end of March, up 49% year-on-year, while EBITDA rose 50% to EUR90 million. The firm added a record 80,000 new users in the first quarter, taking its total customer base to 794,000. According to GlobalComms, FastWeb claims around 10% of Italy’s broadband internet market.