French State Acquires Alcatel Submarine Networks from Nokia

December 31, 2024

Nokia completed the sale of Alcatel Submarine Networks (ASN) to the French State (represented by the Agence des participations de l'Etat) on 31 December 2024, with Nokia retaining a 20% stake and board representation until a targeted exit. The divestment allows Nokia to focus its Network Infrastructure portfolio while positioning ASN under French State ownership to support its continued development as a strategic, vertically integrated submarine cable systems provider.

Buyers
French State (represented by Agence des participations de l'Etat)
Targets
Alcatel Submarine Networks (ASN)
Sellers
Nokia Oyj
Location
Île-de-France, France
Transaction Type
Divestiture

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