Infinera (NASDAQ:INFN) edged higher by 0.2% after its planned $2.3 billion sale to Nokia (NYSE:NOK) was unconditionally approved by Europe's antitrust regulator. The European Commission approved the deal,

The Commission concluded that the combined market share in the supply of optical transport equipment would remain moderate.

Nokia is expected to close its $2.3 billion acquisition of networking firm Infinera Corporation by the end of this month. Infinera confirmed in an announcement this week that it expects to close the sale on February 28. Finnish vendor Nokia first announced plans to acquire optical networking vendor Infinera in June.

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,

Brussels: The EU's powerful competition regulator on Wednesday gave the green light for a $2.3 billion takeover of US optical semiconductors company Infinera by Finland's Nokia. The telecoms firm announced the acquisition in June last year.

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.

BRUSSELS (Reuters) - The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of US optical semiconductors and networking equipment maker Infinera by Nokia.