"As a world-class provider of silicon photonics solutions, advanced packaging and custom design services, Elenion provides a strong strategic fit for Nokia," noted Nokia's head of optical networking, San Bucci, in the press release announcing the deal. "Its solutions can be readily integrated into Nokia's product offerings and address multiple high growth segments including 5G, cloud and data center networking."
The acquisition is expected to close before the end of March.
The move will add to Nokia's optical toolset at a time when it is experiencing significant growth. In 2019, the vendor's Optical Networks division grew its revenues year-on-year by 9% to 1.75 billion ($1.9 billion). The company noted in its annual results that the "growth in Optical Networks was primarily due to the timing of completions and acceptances of certain projects, with strong growth in Europe and North America."
Nokia's fixed access division did not fair as well, though: its revenues dipped 5% year-on-year in 2019 to 1.88 billion ($2 billion).
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results