Nokia to Buy Infinera; Sells Submarine Cable Unit for €350M
Nokia has announced an agreement to acquire Infinera, a global provider of open optical networking solutions and advanced optical semiconductors. Under the terms of the deal, Infinera is valued at $6.65 per share, representing an enterprise value of approximately US$2.3 billion. That price reflects a 28% premium to Infinera’s closing share price on June 26, … Read more