Fastweb has announced a 26% rise in its fourth quarter revenues following the acquisition of a record number of subscribers as net additions grew by 50%. Revenues at the Italian IPTV network climbed to €362 million from €287.50 million in the previous year. By the end of December 2006 Fastweb had 1.06 million subscribers on its books.
Fourth quarter Earnings before interest, taxes, depreciation and amortisation in the (EBITDA) was EUR127 million an increase of 31% on the 2005 figure.
Fastweb recently signed an agreement with Vodafone that will allow Vodafone Italia customers to use their mobile phones at home on fixed line rates and access Fastweb’s broadband network. It also has a content supply agreement with Sky Italia to distribute the satellite platform’s programming over IPTV.