Fastweb adds 45,000 subs in Q1 2017
May 4, 2017
From Branislav Pekic in Rome
Italian broadband operator Fastweb added 45,000 new customers during the first quarter of 2017, taking the total to 2.4 million.
Compared to Q1 2016, the number of total customers increased by 159,000 (+7 per cent), driven by the success of the broadband offers with speeds up to 200 Mbps and the launch of the new 1 Gbps service in Milan.
Total revenues were up 3 per cent year-on-year, to €453 million, while investments in the quarter amounted to €155 million.
At the end of March, 7.7 million households and businesses were passed by the company’s fibre optic network (FTTH and FTTC) in 130 cities. Out of these, 2.5 million homes were passed by FTTH, of which 460,000 with Flash Fiber, the joint venture with TIM.
In an interview for daily La Repubblica, CEO Alberto Calcagno announced that Fastweb will be the first telecommunications operator in Italy to launch a 5G network, using small cells technology connected to fibre networks.