Nokia (NOK) to Divest Submarine Business for Core Focus [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am
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Source: Yahoo! Finance
Submarine Networks (“ASN”). By selling ASN its non-core standalone business, Nokia is aiming to emphasize the growth potential in its core markets and improve the profitability of the Network Infrastructure business group. The deal, subject to formal consultation of ASN's French Works Council, regulatory approvals and customary closing conditions, is expected to close at the end of 2024 or early 2025. Agence des Participations de l'Etat, representing the French State, will acquire 80% of the stake, while Nokia will retain a 20% stake to ensure a smooth transition till the targeted exit. ASN, a global leader in submarine communication networks, has witnessed significant revenue growth under Nokia's ownership. Recognizing the rich heritage and industry expertise of the ASN, the French State has committed to maintaining investment and support for its sustainable development. This will offer a stable platform for ASN to broaden its technology offerings and capitalize on the growing de
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News
- Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmapGlobeNewswire
- Changes in Nokia Corporation's own sharesGlobeNewswire
- Nokia enters into an agreement with the French State regarding the sale of leading submarine networks business ASNGlobeNewswire
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NOK
Earnings
- 4/18/24 - Beat
NOK
Analyst Actions
- 4/16/24 - JP Morgan
NOK
Sec Filings
- 6/28/24 - Form 6-K
- 6/27/24 - Form 6-K
- 6/13/24 - Form 6-K
- NOK's page on the SEC website