Prysmian and Fincantieri have entered a joint venture to acquire Xtera, enhancing their capabilities in submarine telecom solutions.

Target Information

Xtera Topco Limited, headquartered in London, UK, is a prominent provider of turnkey submarine telecom systems, and one of only five companies globally capable of delivering such networks at scale. With a strong management team, a commitment to innovation, and a proven track record of successful project delivery, Xtera has positioned itself as a rapidly growing leader in the submarine telecom market. The company specializes in both regional and long-haul submarine telecom projects backed by proprietary technology, achieving revenues of approximately €130 million with around 60 employees. Additionally, Xtera boasts state-of-the-art Research and Development facilities located in the UK and Texas, USA.

Industry Overview

The submarine telecom industry is critical for global communication infrastructure, providing the backbone for internet connectivity, telecommunications, and data exchange across continents. As the demand for high-speed internet increases, mainly driven by the expansion of data centers and cloud services, submarine cables are becoming essential assets for telecommunications operators.

In recent years, the industry has been notably influenced by the rising adoption of artificial intelligence (AI), which requires more efficient data transfer and will stimulate growth in s