Nokia (NOK) Set to Reboot Infrastructure Business With Buyout
NOKNokia(NOK) ZACKS·2024-06-29 00:16

Nokia Corporation (NOK) recently announced a definitive deal to acquire Infinera Corporation (INFN) for an enterprise value of $2.3 billion. Infinera is well known for its innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators and governments to scale network bandwidth, accelerate service innovation and automate network operations. With the buyout, Nokia aims to expand its optical network business, especially in the North American market. Based ...