Fastweb CEO rules out div for 2009, beyond

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MILAN, April 7 | Tue Apr 7, 2009 9:36am EDT

MILAN, April 7 (Reuters) - Italian broadband services provider Fastweb FWB.MI rules out the payment of a dividend for 2009 and beyond, its chief executive said on Tuesday.

"Yes, the dividend payout (on 2009 results) is ruled out. This applies also to the following years," Stefano Parisi said on the sidelines of the company's annual shareholders meeting.

Fastweb is controlled by Swisscom (SCMN.VX).

(Reporting by Stefano Rebaudo)

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