& cplSiteName &

Prysmian Girds Its M&A Loins

Ray Le Maistre

5:00 PM -- Having broken off merger talks with Draka earlier this year, Italian cable specialist Prysmian has a €1 billion warchest for acquisitions and is looking at growth markets like China, India, and Russia, reports Reuters.

Prysmian SpA and Draka Holding NV (Amsterdam: DRAK.AS) failed to agree on the terms and conditions of a merger that would have created a significant force in the European fiber access market, which is set to grow significantly in the coming few years. (See FTTH Firms Eye Merger, ITU Telecom: Occam Boards Euro FTTx Train, and Fiber, Fiber Everywhere…)

— Ray Le Maistre, International News Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from EuroBlog
Having taken a breather from its acquisition spree in the US, Zayo could kick-start some infrastructure consolidation action in Europe
Some good news for its Finnish parent – Nokia Siemens Networks is on a margin roll
Telefónica to boost its broadband lines in LatAm with DSL management the from ASSIA
According to the value of Nokia's takeover deal, Nokia Siemens Networks is worth less than $5B
As APAC and North America forge ahead, Europe seems stuck in yesteryear
Featured Video
Upcoming Live Events
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events