Investing.com -- The European Union Commission has given its unconditional approval for Nokia (HE: NOKIA )'s $2.3 billion acquisition of U.S.-based Infinera (NASDAQ: INFN ), a maker of optical semiconductors and networking equipment. The announcement was made by the commission on Wednesday.

The EU Commission stated that the takeover did not raise any concerns. This is because the combined market share of Nokia and Infinera in the supply of optical transport equipment would be moderate. Furthermore, the commission noted that the merged entity would continue to face credible competition in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.