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flag Nokia sells Alcatel Submarine Networks to the French State, retaining a stake for now.

flag Nokia has finalized the sale of its Alcatel Submarine Networks (ASN) business to the French State. flag This transaction, announced in June 2024, allows Nokia to focus on its core network infrastructure. flag Nokia retains a 20% stake and board representation until it exits, at which point the French State will acquire the remaining shares. flag The French State supports ASN's management and strategy, committing to maintain investment and foster its growth in the subsea cables market.

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