The Commission indicated that the merger does not raise any concerns, as the combined market share of the two companies in the optical transport equipment sector would remain moderate and would continue to face significant competition.
Earlier this month, Reuters reported that Nokia was expected to receive unconditional approval for the transaction, which was first disclosed in June of the previous year.
This acquisition positions Nokia as the second-largest player in the optical networking market, capturing a 20% share, trailing only Huawei, which is benefiting from the limited presence of Western firms in China.
Furthermore, the acquisition will enable Nokia to increase its sales of equipment to major technology companies such as Amazon, Alphabet, and Microsoft, all of which are investing heavily in new data centers to support the growing demand driven by artificial intelligence advancements.