In recent years, the Portuguese electronic communications market has been growing strongly, primarily based on the provision of services supported on fiber optic networks.
These networks still have an enormous potential for growth and development and Fastfiber intends to promote and dynamize that development by working in partnership with all operators in Portugal.
It is in this context and with this vision that FastFiber was incorporated in April 2020, becoming the biggest fiber optic wholesale operator in Portugal, with the largest national fiber optic network.
FastFiber resulted from a partnership between PT Portugal, SGPS, S.A (50.01%), an entity part of Altice Portugal, and MDN Senior Holding S.A. (49.99%), an entity part of the fund NHIP III, managed by Morgan Stanley Infrastructure Partners, comprising its network all the fiber assets that belonged to Altice Portugal.
Pursuing its objective of being present throughout the national territory and reinforcing its position as the biggest fiber operator in Portugal, In October 2022, FastFiber acquired the exclusive control of Fibroglobal, an active wholesale operator in the management, operation, and maintenance of high-speed electronic communications networks, in low density areas of Central Portugal and Azores Islands.