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Italy - Fastweb net loss narrows, revenues reach EUR 1.07 bln.

Europe Intelligence Wire

| November 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Swisscom subsidiary and Italian broadband network operator Fastweb saw its revenues for first nine months of this year grow by 19 percent to EUR 1.068 billion, compare with the same period in 2006. Business revenues amount to 58 percent of the total, while consumer revenues amounted to 42 percent. Consolidated EBITDA in the first nine months was grew by 48 percent year-on-year to EUR 317.4 million. The consolidated EBIT profit amounted to EUR 37.6 million compared with an EBIT loss of EUR 72.6 million in the ...

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