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Nokia’s $2.3bn Infinera Deal Set For ‘Unconditional’ EU Approval

  • Nokia's $2.3bn acquisition of Infinera is set to receive unconditional EU approval.
  • Infinera makes optical semiconductors and networking equipment and has a leading position in intra-data centre communications.
  • The deal will make Nokia the world's second-largest provider of optical networking equipment after China's Huawei.
  • Large tech companies like Amazon, Google, Facebook Meta Platforms, and Microsoft are planning to invest billions into AI data centres.

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