Prysmian reports that it has completed the acquisition of Channell Commercial Corporation (Channell), a strategic move that will further its ability to be a complete end-to-end supplier of Fiber-to-the-Home (FTTH) solutions.

A press release said that the $950 million acquisition positions Prysmian as a leading provider of Fiber-to-the-Home (FTTH) solutions, covering connectivity from the curb to the home. It also strengthens Prysmian’s overall position in the North American cable sector.

Channell supplies advanced thermoplastic enclosures that are essential for protecting fiber optic connections and network equipment in outdoor and underground FTTH deployments. “By combining Prysmian’s market-leading portfolio of optical cable products—including ribbon, loose tube, and drop cables—with Channell’s innovative infrastructure components, the acquisition creates a comprehensive FTTH solution for customers in North America.”

Prysmian’s positioning in the connectivity solutions space will also be strengthened, thanks to an extended commercial reach and complementary R&D focus that will position the business for the roll-out of FTTH and 5G, as well as the growth of data centers, the release said.

“This is not just an acquisition – it is a strategic step forward,” said Frederick Persson, Prysmian’s EVP Digital Solutions.