Nokia will buy Infinera for $2.3 billion with eyes on Optical Networks Business.

Nokia to buy Infinera for $2.3B

Nokia taps AI boom with $2.3 billion Infinera purchase By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog Ciena and become the second largest vendor in the optical networking market with a 20%…

Nokia agrees to acquire Infinera, which provides networking hardware and software to mobile phone operators and others, for $2.3B in a cash-and-stock deal (Bloomberg)