Meanwhile: #Tech
Nokia is set to buy optical networking biz Infinera in a $2.3 billion transaction
They Said it Couldn't Be Done.
We Did It!
Infinera has a long history of challenging conventional thinking, bending the laws of science, and continually reimagining telecommunication networks. Enabling customers to usher in new services and applications that improve how people communicate with innovative vertically integrated, open, modular solutions.
Nokia is already one of the world's largest telecoms infrastructure kit companies, but says it and Infinera both reckon that merging would provide greater economies of scale to boost profits. This merger > aims to expand optical networking biz, particularly in North America
Earlier this week, Nokia revealed it was ditching its undersea internet cable business, selling it to the French government for €350 million ($375 million).
https://www.theregister.com/2024/06/27/nokia_submarine_network_france/