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425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jun 28 21:27
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
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 speculation about future changes. The acquisition is seen as a strategic move to enhance Nokia's technology, customer offerings, and global presence, without planning major cost-saving layoffs. The deal is expected to benefit both Nokia's enterprise and webscale markets, complementing its existing customer service provider business. Nokia has provided its customer-facing and supplier management teams with talking points and a Q&A to address any inquiries regarding the acquisition.

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