Sales up 3.4% at Fastweb in 2016

9 Feb 2017

Italian ISP Fastweb has reported revenues of EUR1.80 billion (USD1.93 billion) in full-year 2016, up 3.4% on the previous year. EBITDA rose 15% to EUR661 million, while net profit more than tripled to EUR95 million. Investments in new fibre infrastructure drove CAPEX up 7.4% year-on-year to EUR581 million.

The firm said it was serving 2.4 million customers at the end of 2016, up 7% on the year-earlier figure, with 34% – or around 810,000 households – connected to Fastweb’s ‘New Generation’ fibre-to-the-home (FTTH) network. The company says it now has FTTH networks passing 2.2 million premises, offering peak speeds of up to 1Gbps, with another 5.3 million reached by fibre-to-the-cabinet (FTTC) technology, which provides downloads at up to 200Mbps in certain areas thanks to the use of Vplus technology in the last-mile connection. Fastweb intends to cover 13 million premises – or around half the population – with its fibre networks by 2020.

Italy, Fastweb