Prysmian: 5.5 billion deal with Molex to supply data centre cables
The agreement includes an upfront payment of 550 million
Prysmian has signed a long-term agreement worth up to €5.5 billion with Molex, part of the large US-based private group Koch, for the supply of optical cables for use within data centres. The company announced this in a press release. The agreement has a maximum duration of 10 years and includes an upfront payment of 550 million. The deal forms part of a wider plan involving new agreements and commercial initiatives with hyperscalers and data centre infrastructure operators, which is expected to generate, by 2035, over €10 billion in cumulative incremental revenue compared with 2025, adding up to 1.1 billion in annual revenue from 2031 onwards. To support this growth, Prysmian will significantly increase its production capacity for fibre and optical cables, more than doubling its fibre capacity in the United States compared with current volumes. The agreements build on Prysmian’s strengths in the data centre sector, covering both digital and power connections, and enable the Group to bring its fibre and cables into the so-called ‘inside’ space of data centres.
