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General

Fastweb revenues up 3.1% in Q3, adds 123,000 customers YoY

Thursday 3 November 2016 | 09:33 CET | News
Italian broadband operator Fastweb, a Swisscom subsidiary, reported third quarter net revenues of EUR 437 million, up 3.1 percent year on year due above all to customer growth, which helped offset a 3 percent decline in average revenue per residential broadband customer. The company's EBITDA soared by 21.0 percent year-on-year to EUR 490 million, thanks in part to a EUR 55 million out-of-court settlement, with its profit margin also improving by 1.5 percentage points to 33.0 percent. In terms of customer numbers, Fastweb said it responded to fierce competition in the sector by adding

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Categories: General
Companies: Fastweb / Swisscom / Telecom Italia / TIM
Countries: Italy
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