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Nokia Considers Acquiring Infinera Corp. in Potential Deal
Reports indicate that Nokia Oyj is evaluating the feasibility of acquiring Infinera Corp., a key player in optical telecommunications equipment. Informed sources reveal that the Helsinki-based communications giant has been contemplating this strategic move, with speculation that an official announcement could be imminent.
Infinera, listed on the US stock market, has experienced a 15% increase in its share value over the past year, resulting in a market valuation of approximately $1.2 billion. Discussions regarding the acquisition are still in progress, and there is no guarantee that they will culminate in a finalized deal.
Representatives from both Nokia and Infinera have refrained from providing comments on these developments. Infinera, headquartered in San Jose, California, specializes in providing networking hardware and software services to a diverse clientele, including mobile phone operators, Internet content providers, and various government entities. The company is currently under the leadership of Chief Executive Officer David Heard.
