Wire · technology
Prysmian Closes $65M Xtera Acquisition to Create Fully Integrated Subsea Telecom ...
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 22 October 2026 · Fusion42 review
Prysmian has completed its $65 million acquisition of Xtera to form a fully integrated subsea telecommunications turnkey provider combining cable manufacturing, proprietary optical amplification technology, and marine installation capabilities. This move enables end-to-end control over subsea cable systems from manufacturing to installation, underpinned by a landmark contract to build the EXA Meridian transatlantic cable system, with significant expansion of manufacturing capacity in Germany and plans for dedicated telecom cable-laying vessels.
This Wire brief sits within Fusion42's coverage of Telecom & Connectivity, and 2 sources have reported it between 13 Oct 2026 and 22 Oct 2026.
◆ ◆ The Wire takeaway
You now control the full subsea telecom supply chain from cable production to installation. Prysmian’s scale-up and exclusive contracts mean competitors must find niche gaps or new routes to challenge their dominance.
◆ Coverage
2 sources · first reported 13 Oct 2026 · latest 22 Oct 2026
◆ Related on Wire
◆ Topics