NJFX Completes Acquisition of Critical Transatlantic Connectivity Assets from SubCom
WALL TOWNSHIP, N.J. , Feb. 27, 2024 /PRNewswire/ -- Today, NJFX Utility Service LLC, a wholly owned subsidiary of NJFX, announced the successful acquisition of key infrastructure assets from SubCom LLC, originally developed in 2001.
- WALL TOWNSHIP, N.J. , Feb. 27, 2024 /PRNewswire/ -- Today, NJFX Utility Service LLC, a wholly owned subsidiary of NJFX, announced the successful acquisition of key infrastructure assets from SubCom LLC, originally developed in 2001.
- These critical infrastructure assets required maintenance, which involves use of complicated and scarce marine expertise.
- The number one priority is always life safety which makes this an expensive maintenance exercise in preserving US Critical Infrastructure.
- Gil Santaliz, the CEO of NJFX, further emphasized the investment's significance, "We have invested close to $2 million to ensure these critical assets are ready for the next 30 years of use.