Company: NOKBF
Filing Date: 2025-02-28
Form Type: 6-K
Source: 0001104659-25-018857
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Company: NOKIA CORP
Filing Date: 2025-02-28
Form: 6-K
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 delighted we have been able to quickly and successfully
complete the acquisition of Infinera. This transaction will significantly improve our scale and profitability in optical networks, and
allows us to speed up the pace of innovation to meet the requirements of the AI era. The Infinera acquisition will accelerate our growth
strategy in data centers and strengthen our presence both in North America and with webscale customers,” remarked Pekka Lundmark,
President and CEO of Nokia.

“The speed with which the transaction was approved is very positive
for Nokia, as is the strong support the deal has received from customers. In welcoming our new colleagues – and the talent and expertise
they bring with them – we are creating a new organization that will be a pace-setter in innovation, offering capabilities across
a wide range of optical networking technologies, underpinned by the cutting-edge research of Nokia Bell Labs. Innovation benefits from
scale, and the expansion offered by the acquisition means that we will be able to bring more to customers, faster,” commented Federico
Guillén, President of Network Infrastructure at Nokia.

The Infinera team will join Nokia’s Optical Networks business
– headed by its Vice President and General Manager, James Watt. Meanwhile Infinera CEO, David Heard will join Nokia’s Network
Infrastructure business group as NI Chief Strategic Growth Officer. In this position he will help to set and oversee the implementation
of the business group’s growth plans, including specific customer segment strategies, product and market mix, and go-to-market approach
across the business group.

“I am delighted to welcome David to Nokia and to Network Infrastructure.
His extensive experience in technology and business strategy implementation will play a leading role in helping our business group seize
opportunities in the market and achieve our ambitions across all our markets and business areas,” added Guillén.

“From strong growth in the webscale space to
service provider successes spanning metro, long haul and subsea networks, the proven accomplishments of the Infinera team make for an
ideal complement to Nokia’s recognized optical network leadership and innovation. I’m excited about the widely expanded opportunities
this new chapter opens up and what it means for Nokia and its Network Infrastructure business, and delighted to be joining the team to
help accelerate its growth across all customer segments worldwide,” said Heard.

With more than 1,000 customers globally, the combined company’s
solutions power some of the biggest operators worldwide, along with leading organizations in verticals including enterprise, utilities,
government and research & education.

Meeting the challenges