Nokia (NOK) to acquire Infinera (INFN) for $6.65 per share, $2.3 billion deal
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Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
June 27, 2024 4:50 PM EDTNokia Corporation
Inside Information
27 June 2024 at 23:50 EEST
Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap
Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration.Strengthens Nokias optical position, specifically in North America.Accelerates Nokias customer diversification strategy, expanding webscale presence.Targeted net comparable operating profit synergies of EUR 200 million by 2027*.Expected to be accretive to Nokias comparable operating profit and EPS in year 1 and to deliver over 10% comparable EPS... More