When was Fastweb founded?

Fastweb was founded in 1999 and raised its 1st funding round 20 years after it was founded.

Where is Fastweb located?

Fastweb is headquartered in Milan, Italy.

How many employees does Fastweb have?

As of Aug 31, 2026, the latest employee count at Fastweb is 4020.

Is Fastweb a funded company?

Fastweb is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Dec 01, 2019.

When was the latest funding round of Fastweb?

Fastweb's latest funding was a $***** Grant (prize money) round on Dec 01, 2019, with participation from 1 investor.

Where does Fastweb rank among its competitors?

Fastweb ranks 13th amongst 112 active competitors, of which 3 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Vodafone, which secured $2M in Jan, 2025.

Who are the top competitors of Fastweb?

Fastweb's top competitors include AT&T, Verizon and Telecom Italia. Among them, Vodafone secured the most recent funding round in January, 2025.

Fastweb - 2026 Company Profile, Funding & Competitors

Q: Is Fastweb an acquired company?

Fastweb got acquired by Swisscom on May 15, 2007.

Fastweb is an acquired company based in Milan (Italy), founded in 1999. It operates as a Fixed telecommunication services provider. Fastweb has raised an undisclosed amount in funding. The company has 112 active competitors, including 3 funded and 25 that have exited. Its top competitors include companies like AT&T, Verizon and Telecom Italia.

Company Details

Fastweb is a fixed telecommunication services provider in Italy. It provides landline, broadband Internet and digital television services. It started providing mobile services after signing an MVNO agreement with 3 Italia in 2007. It is making investments to extend its fiber optics network and aims to 30% of Italian population by 2016. It offers services to both residential customers and businesses (public administration, enterprises, SMEs, universities and research institutes). Swisscom acquired 82.4% stake in Fastweb in 2007 for EUR 4.2bn (including debt of EUR 1.1bn).

Website: www.fastweb.it/
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Key Metrics

Founded Year

1999

Location

Milan, Italy

Stage

Acquired

Latest Funding Round

Grant (prize money), Dec 01, 2019, $*****

Investors

Europa

Ranked

13^th among 112 active competitors

Employee Count

4,020 as on Aug 31, 2026

Investment & Acquisitions

Claro & 2 more

Similar Companies

Bezeq & 1598 more

Exit Details

Acquired by Swisscom (May 15, 2007)

View Fastweb's full profile

Fastweb got acquired by Swisscom on May 15, 2007 at an acquisition amount of $*****.

Click here to take a look at Fastweb's acquisition in detail

Fastweb has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Dec 01, 2019 for $*****. 1 investor participated in its latest round. Fastweb has 1 institutional investor.

Here is the list of recent funding rounds of Fastweb:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 01, 2019	6735091	Grant (prize money)	5114802	7130527	8830857	6731641

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View details of Fastweb's funding rounds and investors

Fastweb's employee count trend

Fastweb has 4,020 employees as of Aug 26. Here is Fastweb's employee count trend over the years:

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Top competitors of Fastweb include AT&T, Verizon and Telecom Italia. Here is the list of Top 10 competitors of Fastweb, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	Elliott Management, Seaside Private Capital ... & 13 others	79/100
2nd	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Berkshire Hathaway, Black Capital Investments ... & 17 others	78/100
3rd	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	78/100
4th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Elliott Management, Liberty Global & 12 others	77/100
5th	Comcast 1963, Philadelphia (United States), Public	Provider of phone, internet, and television services	-	JANA Partners, Kleiner Perkins	72/100
6th	Orange 1988, Issy les Moulineaux (France), Acquired	French Telecommunication major	-	Runway, Orthogonal Thinker & 12 others	71/100
7th	Liberty Global 2005, London (United Kingdom), Public	Provider of mobile communication and broadband network services	-	Media Investment Group, Gov & 2 others	71/100
8th	Ciena 1992, Hanover (United States), Public	Provider of networking systems, automation software, components, and related services	-	Western Technology Investment, Worldview Technology Partners ... & 13 others	71/100
9th	WINDTRE 2016, Rho (Italy), Acquired	Provider of mobile voice & data, broadband internet, and telephony services	-	TA Associates, CK Hutchison & 3 others	69/100
10th	BT Group 1981, London (United Kingdom), Public	Provider of mobile phones and fiber broadband services for home & business	-	Triodos Investment Management, Bharti Enterprises ... & 5 others	67/100
13th	Fastweb 1999, Milan (Italy), Acquired	Fixed telecommunication services provider	-	Europa	65/100