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

Source: Invezz