Infinera stock soars on $2.3 billion Nokia acquisition

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Nokia News

Infinera,Julie Hyman,Josh Lipton

Network provider Infinera (INFN) saw its shares soar on Friday after it agreed to be acquired by Nokia (NOK) for $2.3 billion. The investment is seen as...

So basically, this is Nokia's attempt to get in on a I further and will, according to some analysts, be competing more with the likes of Cisco and Sienna, which are networking equipment companies as well.This is the biggest deal that we have seen from Nokia since it bought Alcatel Lucent back in 2016.No, I mean I know K CEO here saying to call reporters, um, you guessed it.

It's about a I Julie A. I, uh, is driving significant investments in data centres at the moment, and one of the key attractions of this acquisition, they're saying, is that it significantly increases our exposure to data centres. I do think it's interesting as Bloomberg analyst, pointing out just how it does potentially maybe make some shifts in the competitive landscape here, calling out, you know, Cisco and Sienna.If you're tired of coming across the same dividend stocks over and again, here's one analysts love that provides a high yield and a cheap share price. The post 9.4% Dividend Yield! Why I’m Buying This Stock and Holding it for All Time appeared first on The Motley Fool Canada.

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Nokia to Buy Networking Company Infinera in $2.3 Billion DealNokia Oyj has agreed to acquire Infinera Corp. in a transaction valuing the maker of optical telecommunications equipment at $2.3 billion including debt.
Source: BNNBloomberg - 🏆 83. / 50 Read more »