Prysmian has agreed to acquire Xtera through a joint venture with Fincantieri, strengthening its position in the global submarine telecom market. The acquisition will be carried out by a Prysmian-led joint venture, with Prysmian holding an 80% stake and Fincantieri 20%. Xtera is being acquired from an affiliate of H.I.G. Capital. Xtera is a UK- […] The post Prysmian and Fincantieri to acquire Subsea Telecom Specialist Xtera appeared first on Container News .