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Flash Fiber

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Flash Fiber S.r.l.
Flash Fiber ROE
Company typeSubsidiary
IndustryTelecommunications
FoundedJuly 28, 2016; 8 years ago (2016-07-28)
Founder
DefunctApril 1, 2021 (2021-04-01)
FateMerged into FiberCop
SuccessorFiberCop
HeadquartersMilan, Italy
Area servedItaly
ProductsFiber-optic
Revenue44,000 (2017)
Net income−7,444,000 (2017)
Owner
Parent
Websitewww.flashfiber.it

Flash Fiber S.r.l. was an Italian company active in the telecommunications sector to build or complete FTTH fiber-optic networks.

Founded in 2016, in 2021 it ceased its activities as a result of the merger by incorporation into the new company FiberCop S.p.A.

History

In 2016, Flash Fiber was born, a joint venture 80% controlled by Telecom Italia and the remaining 20% ​​by Fastweb, established with the aim of accelerating the construction of ultra-broadband infrastructures. In particular, based on the Coinvestment Agreement, Flash Fiber aims to build fiber-optic networks in FTTH (fiber-to-the-home) architecture in 29 cities.

In March 2020, TIM (formerly Telecom Italia) created a new wholesale company called FiberCop, into which it will merge the secondary fiber and copper network, from cabinets to homes, and KKR will acquire a 40% stake equal to 1.8 billion on the basis of an enterprise value of 7.5 billion.

Subsequently, in August 2020, Fastweb entered FiberCop by selling its share in Flash Fiber.

In April 2021, Flash Fiber definitively ceased its activities in favor of the new company FiberCop, managed by TIM (58%), KKR (37.5%) and Fastweb (4.5%).

References

  1. https://www.flashfiber.it/wp-content/uploads/2018/11/bilancio_2017_EN.pdf
  2. https://www.flashfiber.it/wp-content/uploads/2018/11/bilancio_2017_EN.pdf
  3. "Flash Fiber". Flash Fiber. Retrieved 2020-10-15.
  4. "Flash Fiber". Flash Fiber. Retrieved 2020-10-15.
  5. "Flash Fiber". Flash Fiber. Retrieved 2020-10-15.
  6. ^ Ziggiotto, Simone (2017-02-13). "Flash Fiber, Telecom e Fastweb insieme per Fibra in FTTH". PianetaCellulare.it (in Italian). Retrieved 2017-02-14.
  7. ^ Anastasio, Paolo (2020-03-11). "Tim creerà FiberCop con Kkr in vista di possibile accordo con OpenFiber". Key4biz (in Italian). Retrieved 2021-08-13.
  8. Ferrante, Alberto (2021-04-01). "Fibra ottica: perfezionata l'operazione Fibercop, la joint venture FlashFiber cessa le attività". MondoMobileWeb.it | Telefonia | Offerte | Risparmio (in Italian). Retrieved 2021-08-13.
  9. Ferrante, Alberto (2020-08-13). "Fastweb: FlashFiber sarà assorbita da FiberCop, operazione chiave per il piano strategico". MondoMobileWeb.it | Telefonia | Offerte | Risparmio (in Italian). Retrieved 2021-08-13.
  10. "Tim: Kkr e Fastweb in Fibercop, operativa da oggi - Economia". Agenzia ANSA (in Italian). 2021-04-01. Retrieved 2021-08-13.

See also

External links

TIM Group
Shareholders
Subsidiaries
Defunct/former subsidiaries
Services
Previous companies
Portals:


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