SynopsisItalian cable maker Prysmian said ​on Monday it ​had signed a long-term agreement worth up ​to €5.5 billion ($6.4 billion) with Molex, a Koch-owned electronics company, as it stepped up its push into the fast-growing data ‌centre ⁠market.Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Molex, a Koch-owned electronics company, as it stepped up its push into the fast-growing data ‌centre ⁠market.* The ⁠deal runs for up to 10 years and includes a €550 million upfront payment and covers the supply of optical cables used inside data centres, Prysmian said in a statement.* The agreement is part of a broader ⁠set of ‌deals and commercial initiatives with hyperscalers and data centre infrastructure providers.* Prysmian said the ⁠agreement could generate more than €10 billion in additional ​cumulative revenue by 2035 compared ​with 2025.* The initiatives are expected to deliver as much as €1.1 billion in annual revenue from 2031.* To support demand driven by AI infrastructure and data centre upgrades, Prysmian ‌will more than double fibre capacity in the U.S.* The company will invest €1.25 ​billion through ​2031 to expand ⁠optical cable and fibre production in the U.S. and Europe.* The plans will create more than ​1,000 jobs globally, including about 600 in the U.S.* Chief Executive Massimo Battaini described the investment and agreements as a "transformative moment" for Prysmian's Digital Solutions business. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now