Nokia Oyj (NOA3.MU)
- Bloomberg
Nokia’s $2.3 Billion Infinera Deal Overhauls Fixed Network Unit
(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 BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysBiden Struggles Against T
- GlobeNewswire
Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration.Strengthens Nokia’s optical position, specifically in North America.Accelerates Nokia’s customer diversification strategy, expanding webscale presence.Targeted net comparable operating profit
- Reuters
Nokia to acquire Infinera in $2.3 billion deal to scale up optical network
Shares of Infinera surged after Nokia said it will buy the company in a deal worth $2.3 billion.
