Nokia to acquire Infinera in $2.3 billion deal to scale up optical network

| 28 Jun 2024 8:59 AM IST

June 27 (Reuters) - Nokia (NOKIA.HE), opens new tab will acquire Infinera Corp (INFN.O), opens new tab 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 26.4% to Infinera's closing price of $5.26 on Thursday.

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