Source: Business Standard [India]
“Nokia is set to secure unconditional EU antitrust clearance for its $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera, people with direct knowledge of the matter said on Friday. Nokia announced the deal in June last year, a move that would make it the second largest vendor in the optical networking market with a 20 per cent share, behind Huawei, which is benefiting from the minimal presence of Western companies in China. The acquisition will allow Nokia to sell more equipment to big tech companies such as Amazon, Alphabet and Microsoft which are investing billions of dollars in building new data centres to service the artificial intelligence boom.” (02/14/25)