Nokia Oyj agreed to acquire Infinera in an agreement that estimates the value of the company’s visual telecommunications equipment at $ 2.3 billion, including debt. The agreement, which includes a mix of cash and shares, will offer ‘Invinira’ at a price of $ 6.65 per share, an increase of 37% over an average of 180 days for the company’s share price, based in San Jose, California on Thursday. At least 70% of the transaction will be paid in cash, while the rest consists of the US deposit shares of “Nokia”, according to the statement, confirmed by a previous report to “Bloomberg News”. Invinira’s shares have risen by 15% over the past 12 months, giving the company a market value of about $ 1.2 billion. The shares, which were closed at $ 5.26 a share on Thursday, rose to 25% after the regular trading hours were closed. Invinira offers, among other things, network devices and programs for cellphone operators, internet content and governments, according to the website. The company is led by CEO David Hurd. The biggest agreement for ‘Nokia’ business is the largest acquisition of “Nokia” and its headquarters, from the conclusion of its biggest transaction ever, which was completed by the “Alcatel -Lung” business with a value of 10.6 billion euros ($ 11.4 billion), and according to the data collected by “Bloomberg”. Earlier yesterday, Nokia said in a statement that the French government is planning to buy Alcatel Submarine Networks, which is 350 million euros. “Nokia” pointed out last January that it could be a recovery in the second half of the year, as it improves the infrastructure associated with the internet sales of the business, while the procedures for reducing costs are fruits. The company said it expects a ‘strong improvement’ in the network’s infrastructure work, which includes the construction of marine cables, soil broadcast and optical fiber technology. PJT Partners worked as a financial advisor for Nokia, while Invinira obtained a consultation from Centerview Partners, according to the statement.
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