NEWS
EXA Infrastructure strengthens its subsea leadership with new open Cable Landing Station in Genoa
EXA Infrastructure , a leading digital infrastructure platform connecting Europe to North America , has announced the expansion of its existing network facility in Genoa to a fully open Cable Landing Station ( CLS ). simplify access to other cable systems . Once complete , the new open CLS in Genoa will have access to five transmission routes into other parts of Europe , thereby providing additional redundancy and reliability for customers .
This investment is triggered to serve the future requirements of new subsea cables landing in the Italian hub .
Recognising Genoa ’ s importance in the subsea ecosystem , EXA Infrastructure will also invest in a new metro network ring that will
Open CLS serve as standardised , neutral interconnection points where service providers can link their networks to submarine cables . This setup promotes competition among providers , stimulates innovation and broadens connectivity options for users .
Steve Roberts , SVP Network Investments and Products at EXA Infrastructure , said : “ With the increasing need for Internet resilience and greater data transmission capacity , there has been a move towards open-access models for CLSs to improve service quality , lower costs and boost network resilience .
“ The importance of having diverse connectivity options into Europe via Genoa from a single , pan- European supplier with strong subsea and landing proven experience – versus multi-sourcing from local and regional providers – is really a game changer compared to what was available in the region .”
UK remains Europe ’ s leading destination for Foreign Direct Investment in digital technology
The UK attracted more digital technology Foreign Direct Investment ( FDI ) projects than any other country in Europe last year , according to EY ’ s 2024 UK Attractiveness Survey .
Despite a 19 % decline in project numbers across Europe , digital technology remains the leading sector for UK FDI and played a significant role in the country ’ s year-on-year FDI growth . The UK ranked second , after France , for overall FDI projects in 2023 .
In total , the UK recorded 255 digital technology projects in 2023 , an annual increase of 8.9 %, and received more than a quarter ( 26.7 %) of all digital tech FDI projects in Europe last year .
France was the second leading country for digital technology FDI projects in 2023 , securing 135 projects , followed by Germany which received 119 projects .
Peter Arnold , EY ’ s UK Chief Economist , said : “ The UK owes much of its FDI growth this year to a resurgence in digital investment , making the UK something of an outlier in comparison to the Europe-wide trend for declining tech projects . After a period of relative European dominance between 2016 and 2019 , the UK ’ s tech project total disappointed in 2022 as high interest rates cut off access to easy capital and the sector cut costs and contracted globally .
“ While this pressure eased slightly in 2023 , companies investing in tech still faced tighter borrowing conditions and so may have prioritised more established and resilient tech markets , such as the UK , over emerging ones .” �
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