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# Prysmian and Fincantieri form venture to buy subsea cable firm Xtera
- URL: https://sovereigntymonitor.eu/news/2025-12-29-prysmian-fincantieri-xtera-acquisition/
- Published: 2025-12-29T12:00:00.000Z
- Updated: 2026-10-08T12:02:24.000Z
- Description: Prysmian and Fincantieri formed an 80:20 joint venture to acquire US submarine telecom firm Xtera for a USD 65 million enterprise value, creating what the companies call "a competitive global player in submarine telecom solutions". Completion is expected in the first quarter of 2026.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, Compute and infrastructure, #news, #verified, #editor-read

Verified Editor-read [Prysmian press release, 29 December 2025](https://www.prysmian.com/en/media/press-releases/prysmian-fincantieri-acquire-xtera?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish that EU regulators have cleared the deal or that it has closed.

**How this item counts.** This item is dated before the index starts on 1 January 2026, so it does not count in the [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/).

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above; read and approved by the editor on 2026-10-07\. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)