Category Archives: Xtera Communications
It looks like 2017 will be another big year for mergers and acquisitions in the telecommunications industry. According to Moody’s Investors Service, M&A activity among telecommunications companies will continue as businesses enhance their compete levels and increase market share. As often happens, there is a changing of the guard when a company is acquired by a well-capitalized purchaser.
This week, for example, Xtera, a subsea fiber optic solutions provider that was recently acquired by H.I.G. Capital, announced the establishment of a new leadership team to advance the organization’s internal governance.
It may be early in 2017, but we’re already starting to see activity in the global subsea fiber cable market.
Just recently, leading subsea fiber optic solutions provider Xtera Communications, Inc. agreed to sell substantially all of its assets to H.I.G. Capital, a global private equity investment firm with over €20 billion ($25 billion USD, approximately) of equity capital under management.
Established in 1998 and based in Allen, Texas, and Harold Wood, Essex, UK, Xtera supplies un-repeatered and repeatered subsea systems using high-performance optical amplifiers to carry data.