Nokia makes a game-changing decision to acquire Infinera, shaking up the optical networking industry! ๐ฅ #Nokia #Infinera #Acquisition
Nokia has made waves in the tech world with its recent announcement of acquiring Infinera, a renowned global supplier of open optical networking solutions. The $2.3 billion deal is set to propel Nokia into new heights in the optical networking sector, solidifying its position as a powerhouse in the industry. With this strategic move, Nokia is gearing up to tackle competitors like Huawei and Ciena, showcasing its intent to dominate the market.
The takeover will see Nokia scaling up its optical network capabilities, tapping into the AI-fueled data center boom. By acquiring Infinera, Nokia aims to leverage the innovative optical semiconductors and advanced solutions provided by the company, setting the stage for groundbreaking developments in optical telecommunications.
Shares of Infinera surged following the acquisition news, indicating a positive reception from investors and industry experts. The merger between Nokia and Infinera is projected to enhance research and development efforts, leading to the creation of cutting-edge products tailored for AI data centers, as highlighted by Nokia CEO Pekka Lundmark.
In a competitive market landscape, Nokia's acquisition of Infinera signifies a bold step towards reshaping the optical networking industry. As the two giants join forces, industry analysts predict a significant impact on the future of optical telecommunications, potentially challenging the likes of Ciena and setting new standards in the sector.
Nokia has announced an agreement to acquire Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors.
The takeover will value the optical telecommunications maker's equity at $6.65 per share, the companies said in a statement late on Thursday.
Shares of Infinera surged after Nokia said it will buy the company in a deal worth $2.3 billion.
Nokia Oyj has agreed to acquire Infinera Corp. in a transaction valuing the maker of optical telecommunications equipment at $2.3 billion including debt.
Nokia is set to buy optical networking biz Infinera in a $2.3 billion transaction, the companies have confirmed. The Finnish networking giant says it has a ...
Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars ...
The merger of the two optical equipment players will have R&D muscle and a compelling set of products for AI data centers, says Pekka Lundmark.
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Nokia has announced plans to acquire optical networking vendor Infinera for $2.3 billion. According to the company, at least 70 percent of the payment will ...