Company: NOKBF
Filing Date: 2025-02-28
Form Type: 6-K
Source: 0001104659-25-018857
Chunk: 2

Company: NOKIA CORP
Filing Date: 2025-02-28
Form: 6-K
Chunk 2
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 of the AI era

Data centers are at an inflection point as AI and cloud put massive
new demands on them. To overcome these challenges requires new ways of thinking about data center technology that emphasizes mission-critical
aspects of networking technology.

Nokia’s offerings across the Network Infrastructure portfolio
apply the same mission-critical standards to customers in every sector, from service providers to webscalers to organizations in a broad
range of industry sectors. Directing innovation power towards topics such as reliability, security and sustainability – as well
as capacity, flexibility and manageability – Nokia is strongly placed to bring value to data center builders and users, including
in intra-data center for server-to-server connections to support the increasing demands of new AI workloads.

EUR 200 million synergy target reconfirmed

On 28 June 2024, Nokia and Infinera announced the companies had
signed a definitive agreement under which Nokia would acquire Infinera for US$6.65 per share with shareholders able to elect cash, Nokia
shares or a combination of both with a proration mechanism limiting the Nokia share issuance to approximately 30% of the aggregate consideration
paid to Infinera shareholders. All Nokia shares will be issued to Infinera shareholders in the form of American Depositary Shares.

Nokia announced at the time and reconfirms today that it expects the
transaction to be accretive to Nokia comparable operating profit and EPS in 2025 and Nokia continues to target over EUR 200 million of
net comparable operating profit synergies from the deal by 2027 with the synergies ramping gradually over the three-year period. The transaction
is expected to deliver over 10% comparable EPS accretion in 2027.

Multimedia, technical information and related news

Web Page: Nokia Optical Networks

Web Page: Infinera is now part of Nokia

About Nokia

At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that
sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property
and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem,
our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide
trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create