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General

Fastweb revenues up 7% in Q1, hits 2 mln mobile customers

Thursday 29 April 2021 | 09:48 CET | News
Italian operator Fastweb, a Swisscom subsidiary, reported net revenues of EUR 581 million in the first quarter of 2021, up 7.0 percent from a year earlier after achieving its 31st consecutive quarter of growth in spite of "persistently challenging market conditions". The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed by 5.3 percent to EUR 179 million, with EBITDAaL up 5.1 percent to EUR 165 million and Capex rising 11.6 percent to EUR 154 million, equivalent to 27 percent of revenues and mainly spent on fulfilling its NeXXt Generation 2025 strategy

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Categories: General
Companies: Fastweb / Swisscom
Countries: Italy
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