Nokia closed the acquisition of Infinera. This transaction combines two innovation leaders to effectively create an optical networks powerhouse with the scale to accelerate product roadmaps, expanding Nokia’s ability to help network operators – whether SPs,

The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised no concerns,

Nokia is expected to close its $2.3 billion acquisition of networking firm Infinera Corporation by the end of this month. Infinera confirmed in an announcement this week that it expects to close the sale on February 28. Finnish vendor Nokia first announced plans to acquire optical networking vendor Infinera in June.

Brussels: The EU's powerful competition regulator on Wednesday gave the green light for a $2.3 billion takeover of US optical semiconductors company Infinera by Finland's Nokia. The telecoms firm announced the acquisition in June last year.

The Commission found that Nokia and Infinera's combined market share was moderate and that several competitors would continue to exert pressure, ensuring competition remains strong. View on euronews