Fastweb to invest EUR 400 million in fibre by 2016

News Broadband Italy 14 SEP 2012
Fastweb to invest EUR 400 million in fibre by 2016
Italian broadband operator Fastweb will invest EUR 400 million to expand its next-generation access network to 20 percent of Italian households and companies by the end of 2016. Fastweb already covers around 2 million premises with its FTTH network and plans to spend EUR 130 million by end-2013 to expand its FTTS (fibre to the street cabinet) network. The FTTS technology offers speeds of up to 100 Mbps and in future, up to 400 Mbps. The investment plans were announced by Fastweb's parent company Swisscom; the Swiss company said it would not affect its dividend plans.

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