Nokia to acquire Infinera for $2.3-billion to scale up optical business
Finnish telecommunications major Nokia Corporation will be acquiring California-based telecommunication equipment company Infinera Corporation for $2.3 billion in a bid to scale up its optical business, the company announced on Thursday. Infinera’s stock rose 18% after the deal announcement. Infinera deals in manufacturing of open optical networking solutions and optical semiconductors. The acquisition will help Nokia scale up its optical business, especially in the North American market, and enable the company to achieve a double-digit operating margin in the division. The deal has gained app...