Prysmian and Fincantieri form venture to buy subsea cable firm Xtera
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.
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.
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
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