Nokia set to gain EU approval for $2.3 billion Infinera acquisition: Report

Nokia is set to secure unconditional EU antitrust clearance for its $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera, people with direct knowledge of the matter said on Friday.

Nokia announced the deal in June last year, a move that would make it the second largest vendor in the optical networking market with a 20 per cent share, behind Huawei, which is benefiting from the minimal presence of Western companies in China.