Nokia completes acquisition of Infinera to create innovation powerhouse in optical networks, with the scale to power the data center revolution

Nokia completes acquisition of Infinera to create innovation powerhouse in optical networks, with the scale to power the data center revolution

GlobeNewsWire • Feb 28, 2025

Infinera Corporation Fourth Quarter and Fiscal 2024 Financial Results

FY'24 Highlights: Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY'24 and 1.3x for Q4'24 Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenue Significant design wins across the GX systems portfolio with webscalers and Tier 1 Communications Service Providers (CSPs) Substantial awards for ICE-X 400G and 800G pluggables from webscalers and Tier 1 CSPs Launched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloads Secured CHIPS & Science Act funding with the potential for greater than $200 million in total federal incentives, in addition to potential state and local incentives Announced a definitive agreement to be acquired by Nokia (acquisition anticipated to be completed on or about February 28, 2025) SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) has released financial results for its fourth quarter and fiscal year ended December 28, 2024.

GlobeNewsWire • Feb 28, 2025

Infinera (INFN) Misses Q4 Earnings Estimates

Infinera (INFN) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.12 per share a year ago.

Zacks Investment Research • Feb 28, 2025

EU approves $2.3 billion takeover of Infinera by Nokia

The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia.

Reuters • Feb 26, 2025

Exclusive: EU set to clear Nokia's $2.3 bln Infinera deal without conditions, sources say

EU antitrust regulators are set to clear without conditions Nokia's $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera , people with direct knowledge of the matter said on Friday.

Reuters • Feb 14, 2025

Undercovered Dozen: Nokia, Juniper Networks, Hanesbrands, Infinera +

The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering investment ideas and sparking discussion among investors. Hanesbrands, BAE Systems, Westaim Corporation, Sun Communities, Nokia, Juniper Networks, and NN, Inc. are recommended as buys, each with unique catalysts and turnaround stories. Fairfax Financial is seen as undervalued with high-growth potential, while Avino Silver & Gold Mines and BrightSpire Capital are rated hold due to uncertainties.

Seeking Alpha • Feb 1, 2025

C3ntro Telecom Upgrades Data Center Network in Mexico with Infinera's GX Series Solution

SAN JOSE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that C3ntro Telecom (C3ntro), Mexico's leading provider in AI-enabled fiber networks and data center connectivity solutions in Mexico and the U.S., successfully deployed Infinera's GX Series-based ICE6 800G solution and GX Open Line System (GX OLS) to upgrade and connect its long-haul network between Mexico City and Queretaro and interconnect all data centers across both cities with a groundbreaking capacity of 1.6 Tb/s (2x800G) optical redundant transmission. The upgraded network will offer new and enhanced data center services in key markets in Mexico to meet the increasing demands of its customers.

GlobeNewsWire • Jan 21, 2025

Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisition

Nokia CorporationStock Exchange Release22 November 2024 at 11:45 EET Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisition

GlobeNewsWire • Nov 22, 2024

Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition

Nokia CorporationStock Exchange Release22 November 2024 at 12:15 EET Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition Espoo, Finland – In line with the announcement made on 27 June 2024, Nokia Corporation ("Nokia" or the "Company") has today decided to launch a share buyback program to offset the dilutive effect of issuing new shares to the shareholders of Infinera Corporation and from Infinera's existing share-based incentives. The daily buyback volume is expected to increase following the completion of the Infinera acquisition, and the program will be terminated if the acquisition is cancelled.

GlobeNewsWire • Nov 22, 2024

Infinera Corporation Reports Third Quarter 2024 Financial Results

SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024.

GlobeNewsWire • Nov 5, 2024