scorecardresearch
Wednesday, July 3, 2024
Support Our Journalism
HomeTechNokia considering potential acquisition of Infinera, Bloomberg News reports

Nokia considering potential acquisition of Infinera, Bloomberg News reports

Follow Us :
Text Size:

(Reuters) -Nokia is exploring a potential acquisition of Infinera Corp, a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.

Shares of Infinera jumped nearly 25% in after-hours trading.

Helsinki-based Nokia has been studying the feasibility of a deal for U.S.-listed Infinera, the report said, adding that an announcement could come within days.

(Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular