"Prysmian is close to finalizing long-term contracts with hyperscalers, which are expected to increase optical cable capacity by 40 to 50 percent in the coming years. The investment for this initiative will exceed $1.2 billion over three years, with anticipated revenue surpassing $5 billion."
"Following the acquisition of Encore Wire, Prysmian also acquired Channell in 2025, adding more than 3,000 employees to the organization. This expansion reflects the company's strategic growth and ambition in the optical cable market."
Prysmian is exploring a potential acquisition valued at approximately four billion euros and is close to securing long-term contracts with hyperscalers for data centers. CEO Massimo Battaini's statements led to a 6.37 percent rise in the company's stock price. The company specializes in optical cables, including submarine cables essential for the global internet. Shareholders approved a capital increase to finance acquisitions, and Prysmian achieved record revenue of 20 billion euros in 2025. The company is also innovating with new fiber technology to enhance competitiveness.
Read at Techzine Global
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