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General

Fastweb 9-mth revenues up 7% to EUR 1.5 bln on customer gains

Thursday 1 November 2018 | 08:40 CET | News
Italian operator Fastweb reported revenues up 7.2 percent in the first 9 months of 2018 to EUR 1.52 billion thanks to across the board customer gains in its mobile, broadband and corporate segments. The company described the result as a good performance in the face of fierce competition and pricing pressure, a reference to the price war launched by Italy's mobile network operators following the market entry of low-cost challenger Iliad. Adjusted for strong one-off income from legal proceedings in 2017 and other non-recurring items, EBITDA for the 9 months to September also rose, by 5 percent

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Categories: General
Companies: Fastweb / Swisscom
Countries: Italy
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