Infinera Corporation Stock News

Finnish telecommunications major Nokia Corporation will be acquiring California-based telecommunication equipment company Infinera Corporation for $2.3 billion in a bid to scale up its optical business, the company announced on Thursday. Infinera's stock rose 18% after the deal announcement.

Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration. Strengthens Nokia's optical position, specifically in North America.

Nokia is exploring a potential acquisition of Infinera Corp , a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.

SAN JOSE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today a successful multi-vendor demonstration of 5G mobile broadband xHaul using coherent open XR optics point-to-multipoint optical transmission. The multi-vendor interoperability testing, conducted with DZS and Calnex, represents a key step toward enabling mobile operators to greatly simplify and cost-reduce...

SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera's GX Series, featuring Infinera's ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago. The deployment offers service providers new, best-in-class connectivity to the southern Caribb...

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SAN JOSE, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that it received an expected delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) on May 15, 2024 (the "Notice"). The Notice indicated that Infinera remains in noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of i...

SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Regan MacPherson has been named Chief Legal Officer and Corporate Secretary, effective May 18. Ms. MacPherson will report to Infinera Chief Executive Officer David Heard and will oversee the company's global legal strategy and corporate governance matters and policies. Ms. MacPherson succeeds David T...