Tampnet to acquire the offshore fibre cable system in the Gulf of Mexico from BP.

Tampnet, an independent offshore communications network operator, completed the acquisition of the offshore fibre cable system in the Gulf of Mexico from BP, a British multinational oil and gas company. Financial terms were not disclosed. The acquisition of the BP fibre cable marks a key strategic move for Tampnet in the GoM, de-risking the business by securing long-term access to the only fibre infrastructure in the region and it will enable Tampnet to replicate its North Sea business model in the GoM and fits with Tampnet’s aim of growing internationally. Having a reliable communications network is operation critical for offshore service providers, particularly as they prioritise digitalisation. This acquisition ensures Tampnet is able to deliver the infrastructure necessary to match its customers’ needs.