FastWeb reported its second quarter earnings. It is now 82 percent owned by Swisscom. It has significantly decreased the level of detail in its reporting. It now reports that it had 1.2 million total subscribers and the end of 2Q07, an increase 45 thousand. It stated that 82 percent of these total subscribers are residential subscribers. The company made no statement about the number of IPTV subscribers.
During the quarter FastWeb completed executing its agreement with Sky that allows Sky to offer FastWeb broadband services and FastWeb to offer Sky satellite TV services over its broadband network. It stated that more than 25 thousand of its subscribers have subscribed to the SKY service. I think that this is about 10 percent of its IPTV subscribers.
The company also discussed its triple play self install gateway. This gateway supports MIMO WiFi, SIP based VoIP, connection to the home phone wiring, and a WiFi enabled set-top box.
The company also stated that it is developing a home multimedia that will permit access of TV content from the PC. This system is based on the UPnP.
I believe that FastWeb's IPTV service is lagging its overall broadband service in growth. The company's strategy has been to maintain a higher price for the TV service to make it profitable in itself rather than to use it to promote its broadband service.
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