# Nokia sells submarine networks business ASN to French state
Published: 2024-06-27
Category: Headlines
Category URL: https://companiesdigest.com/category/headlines/
Meta Title: Nokia sells ASN submarine networks business to French state
Meta Description: Discover how Nokia's sold submarine networks business ASN to the French state for 350 million euros, with no impact on financial outlook. Details on the sale and its projected closing date.
URL: https://companiesdigest.com/nokia-sells-submarine-networks-business-asn-to-french-state/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsutv4003uwirgbjchzj7a/images/2024-06-27t061820z1lynxmpek5q06drtroptp4nokia-results-scaled-1737056530444-compressed.webp)

# Nokia sells submarine networks business ASN to French state

COPENHAGEN (Reuters) – Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its financial outlook.

Nokia expected the divestiture to reduce sales in its Network Infrastructure Business Group by 1 billion euros, it said.

The sale is expected to close at the end of 2024 or beginning of 2025, Nokia added.

($1 = 0.9352 euros)

(Reporting by Louise Breusch Rasmussen; editing by Jason Neely)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---