The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of Infinera Corporation (‘Infinera’) by Nokia Corporation (‘Nokia’). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area (‘EEA’).
The Commission investigated the impact of the transaction on the global or EEA markets for the supply of optical transport equipment, as well as on the narrower segments of such markets based on the type/application of the equipment. Based on its market investigation, the Commission found that Nokia and Infinera’s combined market shares in the global or EEA markets for the supply of optical transport equipment, as well as on the narrower segments of such markets, are moderate. It also found that there are several credible competitors on those markets that, following the transaction, will continue to exert sufficient competitive pressure upon Nokia.
The Commission therefore concluded that the proposed acquisition would not raise competition concerns in the EEA and cleared the transaction unconditionally.
Source: European Commission
The post Commission approves acquisition of Infinera by Nokia appeared first on Vastuullisuusuutiset.fi.