Finnish vendor Nokia has completed the €2.19 billion ($2.3bn) acquisition of networking firm Infinera. The San Jose, California-based company is now part of Nokia. Nokia’s plans to acquire Infinera surfaced last June, and Infinera said last week it was close to completion.

The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised no concerns,

The Commission found that Nokia and Infinera's combined market share was moderate and that several competitors would continue to exert pressure, ensuring competition remains strong. View on euronews