Investment in subsea connectivity is picking up as Hyperscalers add new routes and AI shifts the geography of data movement. Yet transactions remain relatively concentrated, with few scaled independent platforms, complex ownership arrangements and asset values shaped by more than installed cable capacity alone. Operators and strategic investors are reassessing which routes they need to own and where they can partner. This panel will explore:

• Which subsea assets are most likely to come to market – full cable systems, minority interests, landing stations or wider operating platforms?
• Who forms the credible buyer universe for subsea infrastructure? And how do the investment cases differ for telcos, hyperscalers, infra funds and sovereign capital?
• What is determining value today?
• How are operators recycling capital from established routes?
• What are transactions revealing about valuations, buyer depth and the availability of acquisition financing?
• Which issues most frequently complicate deal execution?