Nokia : Nokia strengthens its product portfolio with the sale of submarine cables and the acquisition of Infinera
>Acquisition of Infinera for an EV of $ 2.3bn - Nokia announced at the end of last week the acquisition of Infinera (US group specialised in optical networks) for $ 6.65 per share, a premium of 28% to the closing price on Thursday. The EV works out at $ 2.3bn, including the purchase of $ 760m in convertible notes held by Infinera. The deal values Infinera at 7.5x EV/EBIT 2025e after integration (vs 30x EV/EBITDA 2024e and 11x 2025e before). Nokia will pay 70% in cash...Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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