Italian broadband operator Fastweb SpA (FWB.MI) said Thursday its net loss in 2010 widened to EUR72.4 million due to higher taxes, with earnings before interest, taxes, depreciation and amortization, or Ebitda, up 4.5%.

MAIN FACTS:

-The Milan-based broadband operator, which was acquired by Swisscom AG (SCMN.VX) in 2007, said it posted a full-year net loss of EUR72.4 million, up from a EUR34.4 million loss a year earlier.

-Fastweb, Italy's second-largest telecoms operator by market value after Telecom Italia SpA (TI) said full-year Ebitda was up 4.5% at EUR502.6 million as revenue grew 1.5% to EUR1.88 billion.

-In September, Swisscom launched a takeover offer on all outstanding shares of Fastweb, representing 17.9% of Fastweb shares capital, for an offer price equal to EUR18 a share.

- Swisscom said Tuesday it has passed the 95% share ownership threshold in Fastweb as part of its complete takeover and de-listing of Italy's broadband operator.

- The sell-out period started on Feb. 14 and will end on March 14. The offer price is EUR18.00 a share. Following the sell-out period, Swisscom will buy the remaining Fastweb shares in the market with the subsequent de-listing of the company.

- Borsa Italiana will de-list the Fastweb shares from March 22, 2011, following the suspension of share trading after the meetings on March 17, March 18 and March 21, 2011.

-By Milan Bureau, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com
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