Pune, India – July 06, 2018: Sterlite Tech [BSE: 532374, NSE: STRTECH], an end-to-end global technology leader in smarter digital networks, today announced the signing of definitive agreements for acquisition of a European specialised optical cable manufacturer based in Italy. Sterlite Tech, through its wholly owned Italian subsidiary Sterlite Technologies S.p.A, will acquire 100% stake in Metallurgica Bresciana S.p.A (Metallurgica). Metallurgica designs and manufactures special precision optical fibre cables and specialised copper cables for various communication applications. The target firm is a privately held company focused on bringing specialised cabling…
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Prysmian Awarded A $300 Million Optical Cable Supply Agreement From Verizon Communications
The Group will make significant investments in North America optical cable organization to support the development of 5G and new broadband networks Milan, 8 May, 2017 – Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a significant supply agreement from the US telecom company Verizon Communications (NYSE, Nasdaq: VZ) to support the company’s US network expansion around a next-generation fiber platform that will speed the deployment of 5G services, while improving 4G LTE and other broadband capacity. The three-year contract is worth approximately…
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