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Nokia finalises sale of ASN to French State
The transaction was completed on 31 December 2024. Nokia retains a 20% shareholding in the business, with board representation to ensure a smooth transition until a targeted exit.
By Jack Haddon
Deputy Editor, The Tech Capital
3 Mins
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Nokia CEO Pekka Lundmark
Nokia (HEL: NOKIA) has announced the conclusion of its sale of Alcatel Submarine Networks (ASN), its ex-submarine networks business, to Agence des participations de l'Etat, the agency responsible for managing France's shareholdings in companies of strategic importance.
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