Prysmian signs €5.5 billion Molex deal in data centre push

(Corrects to say Prysmian will generate more than €10 billion in additional cumulative revenue from a broader set of deals and initiatives, not only the Molex agreement, in third bullet.)ROME, July 20 : 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. • These deals could generate more than €10 billion in