Nokia Corporation has announced its intention to acquire Infinera Corporation, a move that is expected to significantly increase the scale of Nokia's optical networks business by 75%. The acquisition aims to create a dynamic new player in the optical networks market, with enhanced in-house capabilities and a stronger presence in North America. Nokia's optical achievements, such as the PSE-V and PSE-6s chipsets and records for optical transmission speed, complement Infinera's progress with webscalers and service providers. The deal is currently under regulatory review and is expected to close in the first half of 2025. Until then, both companies will continue to operate independently. The announcement includes guidance for Nokia's customer-facing teams on how to communicate...Show More

Nokia Corporation has announced its intention to acquire Infinera Corporation, a move that is expected to significantly increase the scale of Nokia's optical networks business by 75%. The acquisition aims to create a dynamic new player in the optical networks market, with enhanced in-house capabilities and a stronger presence in North America. Nokia's optical achievements, such as the PSE-V and PSE-6s chipsets and records for optical transmission speed, complement Infinera's progress with webscalers and service providers. The deal is currently under regulatory review and is expected to close in the first half of 2025. Until then, both companies will continue to operate independently. The announcement includes guidance for Nokia's customer-facing teams on how to communicate with customers about the acquisition, emphasizing the continuation of business as usual and the prohibition of sharing the document's contents outside of Nokia. The briefing also addresses potential customer concerns, such as changes in account teams, service offerings, and the impact on prices. Nokia and Infinera's leadership have begun communicating with major customers, and Nokia has instructed its employees to direct any media inquiries to its Media Relations department. The acquisition is subject to approval by Infinera's stockholders and regulatory bodies, and further details will be provided in a forthcoming Proxy Statement/Prospectus to be filed with the SEC.