Swisscom offers 3.7 billion euros for Italy's Fastweb
With its takeover bid, Swisscom would like to acquire 100% of Fastweb shares. The Italian broadband provider was the first provider worldwide to launch a fully IP-based broadband, voice and TV service in 2001.
With its takeover bid, Swisscom would like to acquire 100% of Fastweb shares. The Italian broadband provider was the first provider worldwide to launch a fully IP-based broadband, voice and TV service in 2001.
Fastweb has a major head start in the field of new technologies, among other things. As it explains in its press release of March 12, Swisscom wants to benefit from this experience in order to develop, expand and market the latest generation of multimedia services.
The broadband market in Italy has very high growth potential. Even though Swisscom has stated that it intends to focus its activities on its home market of Switzerland in future, the acquisition of Fastweb would give it a clear competitive advantage. What is certain is that the Fastweb brand, which is well positioned in Italy, will be retained, as the technologically leading broadband telecommunications company has over one million customers in 130 cities.
In return, the Swiss telecoms company would support Fastweb's plans to operate as a virtual mobile operator without its own network infrastructure in Italy.
Fastweb has a major head start in the field of new technologies, among other things. As it explains in its press release of March 12, Swisscom wants to benefit from this experience in order to develop, expand and market the latest generation of multimedia services.
The broadband market in Italy has very high growth potential. Even though Swisscom has stated that it intends to focus its activities on its home market of Switzerland in future, the acquisition of Fastweb would give it a clear competitive advantage. What is certain is that the Fastweb brand, which is well positioned in Italy, will be retained, as the technologically leading broadband telecommunications company has over one million customers in 130 cities.
In return, the Swiss telecoms company would support Fastweb's plans to operate as a virtual mobile operator without its own network infrastructure in Italy.
