Nokia sells submarine networks business ASN to French State for €350M, retaining 20% stake.
Nokia signs put option agreement to sell submarine networks business ASN to the French State for €350M, subject to employee consultation. This deal demonstrates Nokia's commitment to active portfolio management and focuses on key strategic assets, improving the profitability of the Network Infrastructure business group. Nokia will retain a 20% stake and board representation until a smooth transition.
June 27, 2024
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