BRUSSELS, Feb 26 (Reuters) - The EU Commission on
Wednesday said it had unconditionally approved the $2.3 billion
acquisition of U.S. optical semiconductors and networking
equipment maker Infinera ( INFN ) by Nokia.
The commission said the takeover raised no concerns, as the
companies' combined market share in the supply of optical
transport equipment would be moderate and would still face
credible competition.
Reuters already reported earlier this month that Nokia was
set for the unconditional approval for the deal, which it
announced in June last year.
The acquisition will make it the second-largest vendor in
the optical networking market with a 20% share, behind Huawei,
which is benefiting from the minimal presence of Western
companies in China.
The acquisition will allow Nokia to sell more equipment to
big tech companies such as Amazon ( AMZN ), Alphabet
and Microsoft ( MSFT ), which are investing billions of dollars
in building new data centres to service the artificial
intelligence boom.
(Reporting by Bart Meijer and Foo Yun Chee; Editing by GV De
Clercq)