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WHTop → 📋 News → Infinera Now Becomes One of the World’s Largest Optical Network Equipment Providers
Infinera Now Becomes One of the World’s Largest Optical Network [...]
Infinera Now Becomes One of the World’s Largest Optical Network Equipment Providers
📅 - After closing the acquisition of Coriant this week, Infinera (infinera.com) will become one of the largest global suppliers of open network solutions for the largest global network operators. Infinera issued 20,975,384 shares of its common stock and will pay an aggregate amount of cash consideration consisting of approximately $230 million, of which approximately $154 million was paid upon closing.
The acquisition is expected to significantly increase revenue for Infinera while expanding Infinera's customer base to serve nine of the top 10 global network operators and the top six global Internet content providers.
"This is an exciting day for Infinera. The acquisition of Coriant is a [...][... Check source for end of article ...]
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📅 - After closing the acquisition of Coriant this week, Infinera (infinera.com) will become one of the largest global suppliers of open network solutions for the largest global network operators. Infinera issued 20,975,384 shares of its common stock and will pay an aggregate amount of cash consideration consisting of approximately $230 million, of which approximately $154 million was paid upon closing.
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