Nokia Completes Sale of Alcatel Submarine Networks to French State
Nokia has completed the sale of Alcatel Submarine Networks (ASN) to the French State, marking the end of its ownership of the submarine communications company. The deal, completed on December 31, 2024, sees Nokia retain a 20 percent stake and board representation during a transition period, with plans for the French State to eventually acquire Nokia's remaining interest. Also Read: US FCC Launches Comprehensive Review of Submarine Cable Licensing Rules... Read More