Nokia Acquires Infinera in $2.3 Billion Move to Boost AI Data Center Capabilities

The acquisition aims to enhance Nokia's networking products and increase its presence in the US market amid growing AI-driven demand.

Nokia will pay $6.65 per share for Infinera, with at least 70% in cash and the rest in American depositary shares.
The deal represents a 28% premium to Infinera's recent share price and a 37% premium to its 180-day average price.
Infinera's stock rose nearly 22% following the announcement, while Nokia's shares saw a slight decline.
The acquisition is expected to be accretive to Nokia's earnings per share in the first year post-close and boost profits by over 10% by 2027.
Nokia also plans to sell its Alcatel Submarine Networks unit to focus on strengthening its core network infrastructure business.