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 Apr 30, 2026, the latest employee count at Fastweb is 4030.

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 76th amongst 7437 active competitors, of which 124 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was AT&T, which secured $42.3M in Feb, 2024.

Who are the top competitors of Fastweb?

Fastweb's top competitors include T-Mobile, MTN and Verizon. Among them, AT&T secured the most recent funding round in February, 2024.

Fastweb - 2026 Company Profile, Team, Funding & Competitors

Q: Is Fastweb an acquired company?

Fastweb got acquired by Swisscom on May 15, 2007.

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

76^th among 7437 active competitors

Employee Count

4,030 as on Apr 30, 2026

Investment & Acquisitions

Claro & 2 more

Similar Companies

Hathway Cable & Datacom & 1432 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	8982790	Grant (prize money)	2467818	7232867	6095270	3111106

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View details of Fastweb's funding rounds and investors

Fastweb's employee count trend

Fastweb has 4,030 employees as of Apr 26. Here is Fastweb's employee count trend over the years:

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Top competitors of Fastweb include T-Mobile, MTN and Verizon. 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	T-Mobile 1994, Bellevue (United States), Acquired	Provider of mobile telecommunication services	-	Alcor Fund, Credit Agricole CIB & 16 others	84/100
2nd	MTN 1994, Fairland (South Africa), Public	Provider of mobile network services	$7.05M	Barclays Bank of Uganda, Saints Capital & 38 others	81/100
3rd	Verizon 1983, New York City (United States), Public	Provider of mobile and internet services for home & business	-	Gibson Wealth Advisors, Berkshire Hathaway ... & 16 others	81/100
4th	Optus 1981, North Ryde (Australia), Acquired	Provider of mobile internet services for home and offices	$19.7M	Australian Wildlife Conservancy, Temasek	80/100
5th	Telia Company 1853, Solna (Sweden), Acquired	Provider of integrated telecom and TV services	-	Norvestia, Europa	80/100
6th	Century Link 1930, Monroe (United States), Public	Provider of residential and business communication services, including internet, TV, and phone	$20M	Temasek, Windspeed Ventures & 3 others	78/100
7th	AT&T 1876, Dallas (United States), Public	Provider of mobile internet, TV, and other services	-	J.L. Bainbridge & Company, Elliott Management ... & 12 others	78/100
8th	Proximus Group 1994, Brussels (Belgium), Public	Provider of telephony, internet, television and network-based ICT services	-	Expon Capital & 3 others	77/100
9th	SK Telecom 1984, Seoul (South Korea), Public	Provider of integrated telecommunication services	-	Deutsche Bank, Barclays & 4 others	77/100
10th	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	77/100
76th	Fastweb 1999, Milan (Italy), Acquired	Fixed telecommunication services provider	-	Europa	66/100