Fastweb ends September with 2.3m subs
November 4, 2016
From Branislav Pekic in Rome
Italian broadband operator Fastweb ended the third quarter of 2016 with 2.3 million subscribers, up 5.7 per cent or 123,000 units on September 2015.
Of the total subscribers, 33 per cent are connected to the Next Generation Network with speeds of up to 200 Mbps. The operator has 750,000 active ultra-broadband customers.
The customer offer has been extended to include a wide package of digital services, with partners such as Rcs, Sole 24 Ore, Drop Box, Play Station and Xbox. The joint Internet and TV package partnership with Sky was also renewed and extended.
Investments amounted to €430 million (+6.7 per cent), mostly for the expansion of the ultra-broadband infrastructure which will reach 13 million households and businesses (50 per cent of the Italian population) by 2020. Of these, 8 million households will be reached by FTTC permitting download speeds of up to 200 Mbps, and 5 million households and businesses by FTTH with speeds of up to 1 Gbps.
The JV between Fastweb and Telecom Italia (Tim) to create a FTTH network to reach 3 million households and businesses in the 29 largest Italian cities became operative in Q3. By the end of September, Flash Fibre had connected 75,000 residential units to FTTH.