Summary by Futu AI
Nokia Corporation has announced its intention to acquire Infinera Corporation, aiming to create a new and dynamic player in the optical networks market. The acquisition is expected to increase Nokia's scale by 75%, accelerating its roadmap and expanding its capabilities in digital signal processor development, silicon photonics, and photonic integrated circuit technology. The deal is also anticipated to strengthen Nokia's presence in the North American optical market and diversify its talent pool. The acquisition process has begun, with a targeted close in the first half of 2025, pending necessary regulatory approvals. Nokia and Infinera will continue to operate as separate entities until the deal's completion. Nokia has advised its employees to remain focused on current projects and customers, avoiding...Show More