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

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

3 months ago
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