Olemedia Finnish telecoms gear maker Nokia (NYSE:NOK) has signed a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time, it said on Monday. Under the agreement, Nokia (NOK) will deploy 5G radio access network equipment from its AirScale portfolio, comprising baseband units and itsContinue Reading
Sundry Photography Infinera (NASDAQ:INFN) could see a potential bidding war after Nokia (NOK) agreed to acquire the company for $6.55 a share on Thursday. Infinera shares jumped 17% on the deal news. “Considering NOK’s offer doesn’t appear compelling, we believe there could be others who may decide to outbid NOKContinue Reading
Risto0/iStock Editorial via Getty Images Nokia (NYSE:NOK) is acquiring Infinera (NASDAQ:INFN) for $2.3B to strengthen its optical networking position, particularly in North America, the companies announced Thursday afternoon. Infinera stocks soared more than 25% during early post-market trading following the announcement. The transaction represents a premium of 28% to Infinera’sContinue Reading
Worawee Meepian Nokia (NYSE:NOK) Thursday said that it has signed a put option agreement with the French State, contemplating the sale of Alcatel Submarine Networks for €350 million. Nokia (NOK) said it would retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition. By divestingContinue Reading
