Abu Dhabi Investment Group ("ABDIG"), a private investment group from Abu Dhabi, announced an investment to acquire 62.5% of Fiber Prime Telecommunication's (FPT) shares. ABDIG 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 proven leaders in providing fast, affordable, and reliable data services. "We look forward to partnering with the Abu Dhabi Investment Group management team to invest in critical global communications infrastructure," said Mr. Luiz Fuschini, who will serve as the President & Chairman of FPT.
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