Finance
EU approves $2.3 billion takeover of Infinera by Nokia
Published by Global Banking and Finance Review
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
The EU has approved Nokia's $2.3 billion acquisition of Infinera, making Nokia the second-largest optical networking vendor, enhancing its sales potential to major tech companies.
BRUSSELS (Reuters) - The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia.
The commission said the takeover raised no concerns, as the companies' combined market share in the supply of optical transport equipment would be moderate and would still face credible competition.
Reuters already reported earlier this month that Nokia was set for the unconditional approval for the deal, which it announced in June last year.
The acquisition will make it the second-largest vendor in the optical networking market with a 20% 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.
(Reporting by Bart Meijer and Foo Yun Chee; Editing by GV De Clercq)
The main topic is Nokia's $2.3 billion acquisition of Infinera, approved by the EU.
It positions Nokia as the second-largest vendor in the optical networking market, enhancing its competitive edge.
Nokia faces competition from Huawei and other companies in the optical networking market.
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