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Bloomberg Intelligence sees €41bn cable backlog supporting sector - 28 Jul 2026
As of July 28, today's news highlights significant developments in the cable manufacturing sector, involving Prysmian and its competitors, alongside market reactions related to technology companies. Prysmian, alongside competitors Nexans, NKT, and Cenergy Cables, stands to benefit from a substantial transmission order backlog valued at approximately 41 billion euros, as reported by Bloomberg Intelligence. This backload is largely driven by subsea projects, promising a solid revenue outlook through 2028-2029. Meanwhile, Corning's shares experienced a significant decline of up to 19.5% after…
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