The Abu Dhabi Investment Group is planning to invest up to $5 billion in subsea cable projects. And will restructure FPT to become a top tier worldwide subsea cable company. FPT is also proven leaders in providing fast, affordable and reliable data services. Abu Dhabi Investment group acquires top telecom cable firm FPT.
The combination between Abu Dhabi Investment Group and FPT would create a market leader managing more than $10 billion of subsea.
Abu Dhabi Investment group acquires top telecom cable firm FPT
Abu Dhabi Investment Group a private investment group from Abu Dhabi. Today announced an investment to acquire 62.5 percent of fiber prime telecommunications FPT shares.
Abu Dhabi Investment Group is a private investment firm founded in 2000 with over $36 billion of assets under management and offices in the Americas and EMEA. Abu Dhabi Investment Group investment platforms are across a wide range of asset classes. Including private equity, growth venture and real estate.
Abu Dhabi Investment Group aims to build dynamic products and options for its investors. While also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.
President of ABDIG, Omar Jawhal Said :
We look forward to working closely with FPT’s leadership to develop world class solutions and drive customer success.
Fiber Prime Telecommunications FPT is an one stop shop independent telecommunications carrier. With extensive experience, capable of delivering advanced tailor made data networking solutions.
It also offers a seamless and integrated experience to supply the increasing demand globally. Providing a full suite of products and services. Such as VPN, Carrier Ethernet, Colocation, Logistics and Professional Services.