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
- Industry
- Telecommunications
- Location
- Île-de-France, France
- Transaction Type
- Divestiture
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