Fastweb
Encyclopedia
FASTWEB S.p.A. is an Italian
broadband telecommunications company. It provides voice, Internet, cable television
, IPTV
and FTTH connection. The cable television
and IPTV
services were developed by Fastweb themselves as the technology market in 2000 was not mature enough to offer the level of sophistication required to deploy and manage a premium service. Fastweb rapidly became the leading reference worldwide for how to create and build IPTV services, employing a mixture of own developed middleware and Set Top Box software.
In the period of 2005-2007, Fastweb together with Sparkle, a subsidiary of Telecom Italia
, was involved in a massive scheme of money laundering
and tax fraud staged by the ’Ndrangheta. The scheme was uncovered in February 2010, and Italian authorities issued 56 arrest warrants, including for entrepreneur Silvio Scaglia
and senator Nicola Paolo Di Girolamo.
In May 2007, the Swiss telecommunications company Swisscom
paid 3 billion euros for 82.4% of Fastweb. Fastweb retains its stock market listing and remains a distinct operating entity.
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
broadband telecommunications company. It provides voice, Internet, cable television
Cable television
Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...
, IPTV
IPTV
Internet Protocol television is a system through which television services are delivered using the Internet protocol suite over a packet-switched network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal, and cable television formats.IPTV services...
and FTTH connection. The cable television
Cable television
Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...
and IPTV
IPTV
Internet Protocol television is a system through which television services are delivered using the Internet protocol suite over a packet-switched network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal, and cable television formats.IPTV services...
services were developed by Fastweb themselves as the technology market in 2000 was not mature enough to offer the level of sophistication required to deploy and manage a premium service. Fastweb rapidly became the leading reference worldwide for how to create and build IPTV services, employing a mixture of own developed middleware and Set Top Box software.
In the period of 2005-2007, Fastweb together with Sparkle, a subsidiary of Telecom Italia
Telecom Italia
Telecom Italia is the largest Italian telecommunications company, also active in the media and manufacturing industries. Now a private concern listed on the Borsa Italiana, it was founded in 1994 by the merger of several state-owned telecommunications companies, the most important of which was...
, was involved in a massive scheme of money laundering
Money laundering
Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...
and tax fraud staged by the ’Ndrangheta. The scheme was uncovered in February 2010, and Italian authorities issued 56 arrest warrants, including for entrepreneur Silvio Scaglia
Silvio Scaglia
Silvio Scaglia is an Italian telecoms entrepreneur. He spent his childhood and youth in Novara, Italy. He and a group of other managers founded Italian telecommunications company Fastweb S.p.A and the web platform Babelgum. In 2007, Mr...
and senator Nicola Paolo Di Girolamo.
In May 2007, the Swiss telecommunications company Swisscom
Swisscom
Swisscom AG is a major telecommunications provider in Switzerland. Along with Swiss Post, it is a successor company to the former state-owned PTT. Its headquarters are located at Worblaufen near Bern...
paid 3 billion euros for 82.4% of Fastweb. Fastweb retains its stock market listing and remains a distinct operating entity.
External links
- Fastweb
- http://www.kasenna.comKasennaKasennaKasenna is a Video On Demand company based in California that was spun off of Silicon Graphics in 2000.- Products :* MediaBase: Video On Demand and NPVR server* vFusion: manage clusters of MediaBase video servers, and content distribution...
-Provider of Video on Demand Server Technology]