By Supantha Mukherjee STOCKHOLM (Reuters) – 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 in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog […]
(Bloomberg) — Nokia Oyj has agreed to buy Infinera Corp. in a $2.3 billion deal that will bulk up its network infrastructure business for broadband and fiber optic networks, a key revenue driver as the Finnish company’s mobile infrastructure operations shrink. Most Read from Bloomberg The takeover, which includes debt, will value the optical telecommunications […]
(Reuters) -Nokia will acquire Infinera Corp in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American market. Shares of Infinera surged nearly 22%. The deal price of $6.65 per share represents a premium of […]