Deals
Nokia Bets on AI Data Center Boom in $2.3 Billion Infinera Deal
- Nokia CEO Lundmark sees Infinera growth picking up in 2025
- Acquisition is largest for Nokia since Alcatel-Lucent in 2016
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Nokia Oyj has agreed to buy Infinera Corp. in a $2.3 billion deal that will expand the company’s networking products for data centers and increase its presence in the US, a potentially key source of growth as the boom in artificial intelligence drives demand for server capacity.
“AI is driving significant investments in data centers at the moment, and one of the key attractions of this acquisition is that it significantly increases our exposure to data centers,” Nokia Chief Executive Officer Pekka Lundmark said in a call with reporters on Friday.