Prysmian signs a 10-year optical cable mega-deal with Molex, worth up to 5.5 billion euros, with a 550 million euro advance payment

(1) Prysmian announced that it has signed a long-term optical cable supply agreement with Molex, a subsidiary of U.S.-based Koch Industries. The agreement can last up to ten years, with a total value of up to 5.5 billion euros, and includes a prepayment of 550 million euros. (2) The optical cables supplied under this agreement will be used for internal deployment in data centers and are part of a series of new cooperative projects Prysmian has signed with hyperscale cloud providers and data center infrastructure service providers. (3) The company expects that, taking 2025 business scale as a benchmark, the cumulative value of incremental orders from these new collaborations will exceed 10 billion euros by 2035.