Nokia completes its sale of leading submarine networks business, ASN (Alcatel Submarine Networks), to the French State
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press ReleaseNokia completes its sale of leading submarine networks business, ASN (Alcatel Submarine Networks), to the French State Nokia announced the sale of ASN on 27 June 2024. The transaction allows Nokia to focus the portfolio of its Network Infrastructure business group while positioning ASN strongly to build on the transformation achieved while part of Nokia Focuses the portfolio of the Network Infrastructure business group.Ensures continued development of a strategic, market-leading French and European business.Nokia will retain a 20% shareholding and board representation until targeted exit to ensure a smooth transition. 3 January 2025Espoo, Finland – Nokia today announces that it has concluded the sale of Alcatel Submarine Networks (ASN), a leading submarine networks business, to the French State, represented by the Agence des participations de l'Etat. The transaction was completed on 31 December 2024. Nokia retains a 20% shareholding with board representation to ensu
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NOK
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- 12/4/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/22/24 - Form 6-K
- NOK's page on the SEC website