Infinera Corporation, a publicly owned company founded in 2000 and headquartered in the US, manufactures packet optical transmission equipment and IP transport technologies. Employing approximately 3460 people, the company primarily serves the telecommunications service provider market. Its products, based on wavelength division multiplexing, are designed to increase network bandwidth, facilitate faster service development, and automate network management for enterprises, governments, carriers, and cloud operators. Infinera's solutions focus on broadband aggregation and home networks.
On September 30, 2024, Barclays PLC acquired 14,190,950 shares of Infinera Corp at $6.75 per share, increasing its total holdings to 14,261,876 shares. Nokia announced a share repurchase program to offset dilution from shares issued to Infinera shareholders and stock-based incentives. Nokia completed a significant share repurchase on Tuesday to mitigate the dilutive effect of a recent acquisition. Nokia completed its acquisition of Infinera late last month for $2.3 billion. The Infinera team will join Nokia's optical networks business.
Infinera's customers primarily consist of telecoms companies. Examples of Infinera's customers include NBN, Sparkle and Orange Group. Infinera has commercial and technical partners like FiBrasil, Titan ICT and Orange Group.
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