David Heard, CEO of Infinera, echoed Lundmark’s sentiment: “We believe Nokia is an excellent partner, and together, we will have greater scale and deeper resources to set the pace of innovation and address rapidly changing customer needs at a time when optics are more important than ever.”
Nokia to buy Infinera for $2.3B : Related Transactions
On the same day, Nokia announced the sale of its submarine network business, Alcatel Submarine Networks (ASN), to the French state for €350 million ($375 million). Skadden also represented Nokia in this transaction. These moves align with Nokia’s strategy to focus on three core areas: fixed networks, IP networks, and optical networks.
Legal Teams
The Skadden team assisting Nokia includes corporate partners Denis Klimentchenko and Lorenzo Corte; antitrust partners Steven Sunshine, Frederic Depoortere, and Joseph Rancour; intellectual property and privacy partner Ken Kumayama; benefits partner Erica Schohn; labor and employment partner David Schwartz; national security partner Mike Leiter; and tax partner Eric Sensenbrenner.
