Data centres face tough challenges in supporting rapid growth of the digital economy
In an era where the digital economy is continually expanding, data centres have become the backbone, supporting the explosive growth of artificial intelligence...
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Nokia to acquire Infinera in a transaction valued at $2.3bn
Nokia's CEO said AI is fueling big data centre investments, and that it expects " this acquisition significantly boosts our data centre exposure".
By João Marques Lima
Founder and Editor, The Tech Capital
5 Mins
June 28, 2024 | 6:45 PM BST
Pekka Lundmark, President and CEO of Nokia. Source: Nokia
Nokia (NYSE: NOK) said it will acquire global supplier of open optical networking solutions and advanced optical semiconductors Infinera (NASDAQ: INFN) in a transaction valuing the company at US$6.65 per share or an enterprise value of US$ 2.3 billion.
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