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Nokia acquires Infinera and aims to sell submarine business

Submarine networks

Credit: Dragon Claws/Shutterstock

Nokia has announced that it is to acquire Infinera for US$ 2.3 billion to increase scale in Optical Networks and accelerate its product roadmap.

This transaction and the recently announced sale of Submarine Networks will create a reshaped Network Infrastructure built on three strong pillars of Fixed Networks, IP Networks and Optical Networks. Nokia targets mid-single digit organic growth for the overall Network Infrastructure business and to improve its operating margin to mid-to-high teens.

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