Nokia to acquire Infinera for $2.3 billion to boost optical network business

| 28 Jun 2024 3:51 PM IST

Finnish telecom giant Nokia has announced that it will acquire optical transmission equipment provider Infinera for $2.3 billion USD.The deal price will be $6.65 per equity share, a 28% premium to Infinera's closing price on June 26.Nokia said that at least 70% of the consideration will be paid in cash, and the acquiree firm's shareholders can vote to receive up to 30% in the form of Nokia's American depositary shares (ADSs).

Tags: Infinera

Categories: National

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