In March, Swisscom, the former Swiss telecommunications incumbent, launches a public tender offer for 100% of FASTWEB. The offer closes in May; since then the Swiss company has controlled FASTWEB, holding 82.1% of capital.
The FASTWEB management team is confirmed; a new Board of Directors and Chairman are appointed.
The position previously held by Silvio Scaglia is taken by Swisscom chief executive officer Carsten Schloter, who describes FASTWEB as “a masterpiece of Italian entrepreneurship”.
A network expansion plan to raise coverage to 50% of the population is approved.
A Mobile Virtual Network Operator (MVNO) agreement is signed with 3 Italia, with services to be launched during 2008.