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fastweb.it

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About Fastweb

Fastweb is an Italian telecommunications company that provides landline, broadband Internet, and digital television services.

Fastweb Headquarter Location

Italy

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Latest Fastweb News

Telecom Italia shares soar after US buyout bid

Nov 22, 2021

Kuwait Times 22/11/2021 ROZZANO, Italy: This file photo shows the logo of Italian telecommunications company Telecom Italia (TIM) at the company’s headquarters in Rozzano, south of Milan. – AFP MILAN: Shares of Telecom Italia (TIM) soared yesterday after receiving a “friendly” buyout offer from US private equity fund KKR valuing the operator at around 10.8 billion euros. Shares in Italy’s largest telecom rose as high as 0.45 euros on the Milan bourse, up almost 29 percent from Friday’s closing price. The public tender offer by New York-based Kohlberg Kravis Roberts regards the entire share capital of the company. TIM said the offer would be for an initial 0.505 euros a share. Italy’s economy ministry saluted the interest by KKR as “positive news for the country” in a statement Sunday and said a working group would be formed to study the matter. The ministry said it was necessary to ensure that such a project would be compatible with the rollout of ultra-wideband in the country. Any sale would need the approval from government stakeholders, as TIM’s network is considered a national strategic asset. TIM, which called an emergency meeting of the board to discuss the offer on Sunday, said the proposal was subject to around four weeks of due diligence and would require the backing of holders of least 51 percent of both ordinary and savings shares. KKR already has a 37.5 percent stake in FiberCop, a joint venture with TIM and Italian internet provider Fastweb to provide fiber optic broadband across Italy. The takeover proposal comes amid news reports that shareholders-the largest of which is France’s Vivendi-are putting pressure on TIM’s top management following disappointing company results. TIM would also require clearance by Italian government stakeholders. “The indication of interest was qualified by KKR as ‘friendly’ and aims at obtaining approval by TIM’s directors and support by the company’s management,” the statement said. KKR already has a 37.5 percent stake in FiberCop, a joint venture with TIM and Italian internet provider Fastweb to provide fiber optic broadband across Italy. A spokesman for Vivendi had earlier denied it was in discussions with any funds, including CVC, which had also been named in speculation about TIM’s future. “Vivendi is a long-term investor in Telecom Italia and has been so since the beginning. Vivendi denies strongly having had any discussions with any funds, and more specifically with CVC,” he said. “Vivendi reiterates its desire and willingness to work alongside Italian authorities and public institutions for the long-term success of TIM.” – AFP

Fastweb Acquisitions

4 Acquisitions

Fastweb acquired 4 companies. Their latest acquisition was 7Layers on October 02, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/2/2020

Corporate Majority

1

6/4/2020

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$99M

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10

7/30/2018

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$99M

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10

12/5/2016

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$991

$99M

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10

Date

10/2/2020

6/4/2020

7/30/2018

12/5/2016

Investment Stage

Companies

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Valuation

$991

Total Funding

$99M

$99M

$99M

Note

Corporate Majority

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Sources

1

10

10

10

Fastweb Partners & Customers

6 Partners and customers

Fastweb has 6 strategic partners and customers. Fastweb recently partnered with NetCracker Technology on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/19/2021

Vendor

NetCracker Technology

United States

Italy’s Fastweb moves to next-gen BSS and support from Netcracker

Netcracker Technology reports that Fastweb , an Italian telecommunications operator and part of the Swisscom Group , has renewed its contract to facilitate an upgrade to Netcracker Digital BSS and extend its use of Netcracker Support & Maintenance .

1

4/9/2021

Vendor

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10

3/9/2021

Vendor

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10

6/21/2018

Vendor

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10

4/26/2018

Partner

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10

Date

5/19/2021

4/9/2021

3/9/2021

6/21/2018

4/26/2018

Type

Vendor

Vendor

Vendor

Vendor

Partner

Business Partner

NetCracker Technology

Country

United States

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News Snippet

Italy’s Fastweb moves to next-gen BSS and support from Netcracker

Netcracker Technology reports that Fastweb , an Italian telecommunications operator and part of the Swisscom Group , has renewed its contract to facilitate an upgrade to Netcracker Digital BSS and extend its use of Netcracker Support & Maintenance .

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Sources

1

10

10

10

10

Fastweb Team

3 Team Members

Fastweb has 3 team members, including former Founder, Chief Technology Officer, Guido Garrone.

Name

Work History

Title

Status

Guido Garrone

Open Fiber, Accenture, Swisscom, and Metroweb

Founder, Chief Technology Officer

Former

Ruggero Gramatica PhD

Covad Communications Group, and Vodafone Australia

Founder, Chief Information Officer

Former

Silvio Scaglia Haart

Founder

Former

Name

Guido Garrone

Ruggero Gramatica PhD

Silvio Scaglia Haart

Work History

Open Fiber, Accenture, Swisscom, and Metroweb

Covad Communications Group, and Vodafone Australia

Title

Founder, Chief Technology Officer

Founder, Chief Information Officer

Founder

Status

Former

Former

Former

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