Reported 9 months ago
Nokia has agreed to purchase Infinera in a $2.3 billion deal to enhance its networking products for data centers and expand its presence in the US. The acquisition aims to capitalize on the growing demand for server capacity driven by the artificial intelligence boom, with Nokia CEO Pekka Lundmark highlighting the attractiveness of Infinera's capabilities in server-to-server communications. The deal reflects Nokia's strategic move to strengthen its fixed network business amidst challenging market conditions and positions it for potential recovery in the optical market forecasted for 2025.
Source: YAHOO