Nokia to Acquire Infinera for $2.3 Billion to Scale Up Optical NetworkAsianFin--Finnish telecom giant Nokia has announced plans to acquire Infinera Corp. in a $2.3 billion deal that’s intended to help grow its optical networks business.

The company, which makes telecommunications infrastructure such as 5G cellular antennas, said on Thursday that the acquisition of Infinera will enable it to speed up its optical network business growth towards double-digit operating margins.

The deal, which comes in the wake of Nokia’s decision to sell its undersea internet cable business to France, paves the way for the company to reshape its networking infrastructure business around fixed networks, IP networks and optical networks.